Royal Bank of Canada Has $38.83 Million Stock Holdings in Trex Company, Inc. $TREX

Key Points

• Royal Bank of Canada increased its holdings in Trex Company, Inc. by 534.0% during Q1, now owning 668,280 shares valued at approximately $38.83 million.
• Several institutional investors have significantly altered their stakes in Trex, with institutional ownership reaching 95.96% of the company's stock.
• Trex reported a quarterly EPS of $0.74, exceeding analysts' expectations, alongside a revenue increase of 3.0% year-over-year, totaling $387.80 million.

Royal Bank of Canada lifted its position in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 534.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 668,280 shares of the construction company's stock after purchasing an additional 562,877 shares during the quarter. Royal Bank of Canada owned 0.62% of Trex worth $38,828,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in TREX. GAMMA Investing LLC raised its stake in 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 buying an additional 965 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Trex in the first quarter worth about $911,000. State of Alaska Department of Revenue raised its position in shares of Trex by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 12,546 shares of the construction company's stock worth $728,000 after purchasing an additional 330 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Trex by 26.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 70,990 shares of the construction company's stock valued at $4,125,000 after purchasing an additional 14,670 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Trex by 55.9% in the 1st quarter. Blue Trust Inc. now owns 1,138 shares of the construction company's stock valued at $66,000 after purchasing an additional 408 shares during the period. Institutional investors own 95.96% of the company's stock.

Insiders Place Their Bets

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of the business's stock in a transaction that occurred 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 transaction, the senior vice president owned 22,953 shares of the company's stock, valued at $1,473,123.54. The trade was a 6.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.71% of the stock is currently owned by corporate insiders.

Trex Trading Up 3.6%

Shares of TREX stock opened at $64.51 on Friday. The firm's fifty day moving average price is $62.56 and its two-hundred day moving average price is $59.12. Trex Company, Inc. has a 1 year low of $49.01 and a 1 year high of $80.74. The firm has a market capitalization of $6.92 billion, a P/E ratio of 37.29, a PEG ratio of 2.70 and a beta of 1.51.

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

Analyst Upgrades and Downgrades

TREX has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Trex from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Robert W. Baird upgraded shares of Trex from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $65.00 to $75.00 in a report on Thursday, July 10th. B. Riley raised shares of Trex to a "strong-buy" rating in a research report on Monday, July 21st. UBS Group reiterated a "neutral" rating and set a $74.00 target price (up previously from $72.00) on shares of Trex in a report on Tuesday, August 5th. Finally, Loop Capital reissued a "hold" rating and issued a $66.00 price target on shares of Trex in a research note on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Trex has a consensus rating of "Moderate Buy" and a consensus price target of $71.93.

About Trex

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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