Stephens Investment Management Group LLC Sells 19,013 Shares of Trex Company, Inc. $TREX

Key Points

• Stephens Investment Management Group LLC reduced its holdings in Trex Company, Inc. by 2.6%, selling 19,013 shares and retaining approximately 726,401 shares worth $39.5 million.
• Trex reported a net margin of 16.53% and earnings per share (EPS) of $0.74 for the last quarter, beating analysts' expectations of $0.72.
• Wall Street analysts have given Trex a moderate buy consensus rating, with a target price averaging around $70.71, despite recent downgrades by some firms.

Stephens Investment Management Group LLC decreased its holdings in Trex Company, Inc. (NYSE:TREX - Free Report) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 726,401 shares of the construction company's stock after selling 19,013 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.68% of Trex worth $39,502,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. bought a new position in Trex in the 2nd quarter valued at $31,000. Parallel Advisors LLC raised its position in shares of Trex by 28.4% during the second quarter. Parallel Advisors LLC now owns 1,049 shares of the construction company's stock worth $57,000 after acquiring an additional 232 shares during the last quarter. Brooklyn Investment Group raised its position in shares of Trex by 35,733.3% during the first quarter. Brooklyn Investment Group now owns 1,075 shares of the construction company's stock worth $62,000 after acquiring an additional 1,072 shares during the last quarter. CWM LLC raised its position in shares of Trex by 16.8% during the second quarter. CWM LLC now owns 1,141 shares of the construction company's stock worth $62,000 after acquiring an additional 164 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of Trex by 41.4% during the second quarter. UMB Bank n.a. now owns 1,168 shares of the construction company's stock worth $64,000 after acquiring an additional 342 shares during the last quarter. Institutional investors own 95.96% of the company's stock.

Trex Trading Up 2.0%

NYSE:TREX opened at $51.28 on Wednesday. Trex Company, Inc. has a 1 year low of $49.01 and a 1 year high of $80.74. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 2.10 and a beta of 1.49. The stock has a 50-day moving average price of $57.11 and a two-hundred day moving average price of $58.03.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Zacks Research downgraded Trex from a "hold" rating to a "strong sell" rating in a research report on Monday, October 13th. The Goldman Sachs Group dropped their target price on Trex from $83.00 to $73.00 and set a "buy" rating for the company in a research report on Monday, October 13th. JPMorgan Chase & Co. dropped their target price on Trex from $73.00 to $71.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Weiss Ratings restated a "hold (c-)" rating on shares of Trex in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Trex from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Trex has a consensus rating of "Moderate Buy" and an average target price of $70.71.

Insider Buying and Selling at Trex

In other news, SVP Amy M. Fernandez sold 1,538 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $1,473,123.54. This represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.74% of the stock is owned by corporate insiders.

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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