Trex Company, Inc. $TREX Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. has significantly reduced its stake in Trex Company, Inc. by 56.8%, selling 119,267 shares and retaining 90,629 shares valued at approximately $5.3 million.
• Several institutional investors have increased their positions in Trex, with Blue Trust Inc. raising its holdings by 55.9% and GAMMA Investing LLC by 137.7% in the same quarter.
• Trex reported a quarterly earnings per share (EPS) of $0.74, exceeding analyst expectations, and had a year-over-year revenue increase of 3%, totaling $387.8 million.

Russell Investments Group Ltd. lessened its position in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 56.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,629 shares of the construction company's stock after selling 119,267 shares during the period. Russell Investments Group Ltd. owned about 0.08% of Trex worth $5,266,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TREX. Price T Rowe Associates Inc. MD grew its holdings in Trex by 463.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,134,849 shares of the construction company's stock worth $216,400,000 after acquiring an additional 2,578,734 shares in the last quarter. Madison Asset Management LLC acquired a new position in Trex during the 1st quarter worth approximately $109,852,000. Balyasny Asset Management L.P. grew its holdings in Trex by 86.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,029,034 shares of the construction company's stock worth $140,064,000 after acquiring an additional 939,960 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in Trex by 87.4% during the 4th quarter. Point72 Asset Management L.P. now owns 1,916,134 shares of the construction company's stock worth $132,271,000 after acquiring an additional 893,675 shares in the last quarter. Finally, Natixis Advisors LLC grew its holdings in Trex by 1,286.3% during the 1st quarter. Natixis Advisors LLC now owns 707,843 shares of the construction company's stock worth $41,126,000 after acquiring an additional 656,783 shares in the last quarter. Institutional investors and hedge funds 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 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 completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.71% of the company's stock.

Trex Stock Up 0.1%

NYSE:TREX traded up $0.05 during mid-day trading on Wednesday, reaching $63.52. 2,223,068 shares of the stock were exchanged, compared to its average volume of 1,799,189. The company has a 50 day simple moving average of $61.53 and a 200-day simple moving average of $59.47. The stock has a market capitalization of $6.81 billion, a P/E ratio of 36.72, a P/E/G ratio of 2.65 and a beta of 1.51. Trex Company, Inc. has a 1 year low of $49.01 and a 1 year high of $80.74.

Trex (NYSE:TREX - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share (EPS) 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 firm had revenue of $387.80 million for the quarter, compared to the consensus estimate of $377.49 million. During the same quarter last year, the business posted $0.80 EPS. The firm's quarterly revenue was up 3.0% compared to the same quarter last year. Trex has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Trex Company, Inc. will post 2.04 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TREX. JPMorgan Chase & Co. lowered their target price on shares of Trex from $73.00 to $71.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Stephens decreased their price objective on shares of Trex from $73.00 to $65.00 and set an "equal weight" rating for the company in a research note on Monday, May 12th. Robert W. Baird raised 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. Loop Capital reissued a "hold" rating and issued a $66.00 target price on shares of Trex in a report on Tuesday, August 5th. Finally, DA Davidson set a $65.00 target price on Trex and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Trex has an average rating of "Moderate Buy" and an average price target of $71.93.

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.