Public Employees Retirement System of Ohio Trims Stake in Trex Company, Inc. $TREX

Key Points

• The Public Employees Retirement System of Ohio decreased its stake in Trex Company, Inc. by 11.2% in the second quarter, now holding 75,328 shares valued at approximately $4.1 million.
• Other institutional investors have significantly increased their stakes in Trex, with Price T Rowe Associates raising its position by 132.8% to own over 7.29 million shares valued at $424 million.
• Analysts have set mixed price targets for Trex, with JPMorgan lowering its target from $73 to $71, while UBS raised its target from $72 to $74, maintaining a "neutral" rating.

Public Employees Retirement System of Ohio reduced its position in Trex Company, Inc. (NYSE:TREX - Free Report) by 11.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 75,328 shares of the construction company's stock after selling 9,511 shares during the period. Public Employees Retirement System of Ohio owned 0.07% of Trex worth $4,096,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in Trex by 132.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,297,863 shares of the construction company's stock valued at $424,007,000 after acquiring an additional 4,163,014 shares during the last quarter. Madison Asset Management LLC purchased a new stake in Trex during the 1st quarter valued at approximately $109,852,000. American Century Companies Inc. raised its stake in Trex by 66.1% during the 1st quarter. American Century Companies Inc. now owns 1,972,125 shares of the construction company's stock valued at $114,580,000 after acquiring an additional 784,820 shares during the last quarter. Wellington Management Group LLP purchased a new stake in Trex during the 1st quarter valued at approximately $39,646,000. Finally, Natixis Advisors LLC raised its stake in Trex by 1,286.3% during the 1st quarter. Natixis Advisors LLC now owns 707,843 shares of the construction company's stock valued at $41,126,000 after acquiring an additional 656,783 shares during the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trex

In related news, SVP Amy M. Fernandez sold 1,538 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $64.18, for a total value of $98,708.84. Following the transaction, the senior vice president directly owned 22,953 shares of the company's stock, valued at approximately $1,473,123.54. This trade represents a 6.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.74% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on Trex from $73.00 to $71.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. UBS Group reiterated a "neutral" rating and set a $74.00 target price (up previously from $72.00) on shares of Trex in a research report on Tuesday, August 5th. Wall Street Zen upgraded Trex from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Loop Capital reiterated a "hold" rating and set a $66.00 target price on shares of Trex in a research report on Tuesday, August 5th. Finally, Baird R W upgraded Trex from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $71.93.

Trex Stock Performance

Shares of NYSE:TREX opened at $51.61 on Wednesday. The business's fifty day moving average price is $60.84 and its two-hundred day moving average price is $58.75. The stock has a market cap of $5.53 billion, a PE ratio of 29.83, a price-to-earnings-growth ratio of 2.15 and a beta of 1.51. Trex Company, Inc. has a one year low of $49.01 and a one year high of $80.74.

Trex (NYSE:TREX - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. Trex had a return on equity of 21.27% and a net margin of 16.53%.The company had revenue of $387.80 million for the quarter, compared to analyst estimates of $377.49 million. During the same quarter in the prior year, the company posted $0.80 EPS. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. Trex has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Trex Profile

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.

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