Trex Company, Inc. $TREX Shares Sold by Sandler Capital Management

Key Points

• Sandler Capital Management reduced its stake in Trex Company, Inc. by 49.9% in the first quarter, holding 44,911 shares valued at approximately $2.61 million after selling 44,818 shares.
• Institutional interest remains high, with 95.96% of Trex's stock owned by hedge funds and other institutional investors, while several firms adjusted their ratings and target prices for Trex shares in recent months.
• Trex reported $0.74 earnings per share for the last quarter, exceeding estimates, and generated $387.80 million in revenue, a 3.0% increase year-over-year.

Sandler Capital Management trimmed its holdings in Trex Company, Inc. (NYSE:TREX - Free Report) by 49.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,911 shares of the construction company's stock after selling 44,818 shares during the period. Sandler Capital Management's holdings in Trex were worth $2,609,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group raised its position in shares of Trex by 35,733.3% in the 1st quarter. Brooklyn Investment Group now owns 1,075 shares of the construction company's stock valued at $62,000 after purchasing an additional 1,072 shares in the last quarter. Blue Trust Inc. raised 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 in the last quarter. Quarry LP acquired a new position in shares of Trex in the 1st quarter valued at approximately $78,000. GAMMA Investing LLC raised its position in shares of 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 purchasing an additional 965 shares in the last quarter. Finally, Banque Transatlantique SA acquired a new position in shares of Trex in the 1st quarter valued at approximately $100,000. 95.96% of the stock is owned by institutional investors and hedge funds.

Trex Stock Performance

Shares of NYSE TREX traded down $3.16 during trading on Tuesday, reaching $59.98. The stock had a trading volume of 1,162,721 shares, compared to its average volume of 1,534,353. Trex Company, Inc. has a one year low of $49.01 and a one year high of $80.74. The stock has a market cap of $6.43 billion, a PE ratio of 34.67, a P/E/G ratio of 2.64 and a beta of 1.51. The firm's 50 day moving average price is $62.78 and its two-hundred day moving average price is $59.10.

Trex (NYSE:TREX - Get Free Report) last issued 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 firm had revenue of $387.80 million during the quarter, compared to the consensus estimate of $377.49 million. Trex had a return on equity of 21.27% and a net margin of 16.53%.The firm's revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 EPS. Trex has set its Q3 2025 guidance at EPS. On average, research analysts expect that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Amy M. Fernandez sold 1,538 shares of the company'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 completion of the transaction, the senior vice president directly owned 22,953 shares in the company, valued at $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 is available through this hyperlink. 0.74% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TREX has been the topic of a number of recent analyst reports. Baird R W raised Trex from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. UBS Group reaffirmed a "neutral" rating and issued a $74.00 target price (up from $72.00) on shares of Trex in a research report on Tuesday, August 5th. Robert W. Baird raised Trex from a "neutral" rating to an "outperform" rating and upped their target price for the company from $65.00 to $75.00 in a research report on Thursday, July 10th. B. Riley upgraded Trex to a "strong-buy" rating in a report on Monday, July 21st. Finally, Benchmark reiterated a "buy" rating and issued a $80.00 price target on shares of Trex in a report on Monday, May 12th. Two investment 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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.