Russell Investments Group Ltd. Sells 119,267 Shares of Trex Company, Inc. $TREX

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in 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 acquiring an additional 408 shares in the last quarter. GAMMA Investing LLC raised its holdings in Trex by 137.7% in the 1st quarter. GAMMA Investing LLC now owns 1,666 shares of the construction company's stock valued at $97,000 after acquiring an additional 965 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new position in Trex in the 1st quarter valued at $216,000. Jefferies Financial Group Inc. acquired a new position in Trex in the 1st quarter valued at $218,000. Finally, WCM Investment Management LLC acquired a new position in Trex in the 1st quarter valued at $243,000. 95.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TREX shares. UBS Group reaffirmed a "neutral" rating and issued a $74.00 price objective (up from $72.00) on shares of Trex in a report on Tuesday, August 5th. JPMorgan Chase & Co. dropped their price objective on Trex from $73.00 to $71.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Benchmark reaffirmed a "buy" rating and issued a $80.00 price objective on shares of Trex in a report on Monday, May 12th. Loop Capital reaffirmed a "hold" rating and issued a $66.00 price objective on shares of Trex in a report on Tuesday, August 5th. Finally, Wall Street Zen raised Trex from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $71.93.

Insiders Place Their Bets

In related news, SVP Amy M. Fernandez sold 1,538 shares of the business's 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 $1,473,123.54. The trade was a 6.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.71% of the stock is owned by corporate insiders.

Trex Stock Performance

Trex stock opened at $61.1890 on Friday. Trex Company, Inc. has a 52 week low of $49.01 and a 52 week high of $80.74. The stock has a market capitalization of $6.56 billion, a P/E ratio of 35.37, a price-to-earnings-growth ratio of 2.58 and a beta of 1.51. The stock has a fifty day moving average of $60.76 and a 200-day moving average of $59.69.

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