Trex Company, Inc. $TREX Shares Acquired by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its stake in Trex Company by 3.7%, owning 265,547 shares valued at approximately $15.4 million after purchasing 9,466 shares in the first quarter.
• Major institutional investors showed strong interest in Trex, with American Century Companies boosting its holdings by 66.1%, now owning 1.97 million shares worth $114.58 million.
• Multiple analysts have mixed views on Trex's stock, with consensus ratings indicating a "Moderate Buy" and an average target price of $71.93, reflecting a downward adjustment from some analysts.

Raymond James Financial Inc. increased its stake in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 3.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 265,547 shares of the construction company's stock after purchasing an additional 9,466 shares during the quarter. Raymond James Financial Inc. owned 0.25% of Trex worth $15,428,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of Trex by 55.9% during the 1st quarter. Blue Trust Inc. now owns 1,138 shares of the construction company's stock worth $66,000 after acquiring an additional 408 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Trex by 137.7% during the 1st quarter. GAMMA Investing LLC now owns 1,666 shares of the construction company's stock worth $97,000 after acquiring an additional 965 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new position in shares of Trex during the 1st quarter worth about $216,000. Jefferies Financial Group Inc. acquired a new position in shares of Trex during the 1st quarter worth about $218,000. Finally, WCM Investment Management LLC acquired a new position in shares of Trex during the 1st quarter worth about $243,000. 95.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Trex 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 transaction of $98,708.84. Following the sale, the senior vice president owned 22,953 shares in the company, valued at approximately $1,473,123.54. This represents a 6.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.74% of the company's stock.

Trex Stock Down 2.2%

Shares of TREX traded down $1.35 on Tuesday, reaching $60.28. The stock had a trading volume of 658,113 shares, compared to its average volume of 1,617,217. The firm has a market capitalization of $6.46 billion, a PE ratio of 34.85, a PEG ratio of 2.58 and a beta of 1.51. The firm has a 50-day moving average of $62.02 and a 200 day moving average of $59.21. Trex Company, Inc. has a twelve month low of $49.01 and a twelve month high of $80.74.

Trex (NYSE:TREX - Get Free Report) last announced its earnings results on Monday, August 4th. The construction company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. The firm had revenue of $387.80 million for the quarter, compared to analysts' expectations of $377.49 million. Trex had a return on equity of 21.27% and a net margin of 16.53%.Trex's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 EPS. Trex has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Benchmark reissued a "buy" rating and issued a $80.00 target price on shares of Trex in a report on Monday, May 12th. UBS Group reissued a "neutral" rating and issued a $74.00 target price (up from $72.00) on shares of Trex in a report on Tuesday, August 5th. Robert W. Baird raised Trex from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $65.00 to $75.00 in a report on Thursday, July 10th. Baird R W raised Trex from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Finally, Wall Street Zen raised Trex from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $71.93.

Trex Company 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.