SVB Wealth LLC Sells 34,202 Shares of Trex Company, Inc. $TREX

Key Points

• SVB Wealth LLC significantly reduced its stake in Trex Company, Inc. by 63.2%, selling 34,202 shares and now holding 19,944 shares valued at $1,159,000.
• Institutional investors control 95.96% of Trex's stock, with notable increases from various firms, including Price T Rowe Associates, which raised its holdings by 132.8%.
• Despite a decrease in earnings per share from last year, Trex reported a revenue increase of 3.0% year-over-year and has received a "Moderate Buy" rating from analysts with a target price of $71.93.

SVB Wealth LLC decreased its holdings in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 63.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 19,944 shares of the construction company's stock after selling 34,202 shares during the period. SVB Wealth LLC's holdings in Trex were worth $1,159,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group increased its holdings in shares of Trex by 35,733.3% during 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. lifted its position in Trex by 55.9% in the first quarter. Blue Trust Inc. now owns 1,138 shares of the construction company's stock valued at $66,000 after buying an additional 408 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Trex by 137.7% during the first 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. Baader Bank Aktiengesellschaft purchased a new position in Trex in the first quarter valued at approximately $216,000. Finally, Jefferies Financial Group Inc. purchased a new position in Trex in the 1st quarter valued at $218,000. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Trex from $73.00 to $71.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Stephens reduced their target price on shares of Trex from $73.00 to $65.00 and set an "equal weight" rating for the company in a report on Monday, May 12th. Benchmark reaffirmed a "buy" rating and issued a $80.00 price target on shares of Trex in a research report on Monday, May 12th. Wall Street Zen upgraded Trex from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, B. Riley raised Trex to a "strong-buy" rating in a report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $71.93.

Insider Activity

In related news, SVP Amy M. Fernandez sold 1,538 shares of Trex stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $64.18, for a total value 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. The trade was a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.71% of the company's stock.

Trex Trading Down 0.8%

Shares of Trex stock traded down $0.52 during trading hours on Thursday, reaching $62.87. The stock had a trading volume of 1,163,388 shares, compared to its average volume of 1,624,879. The firm has a market capitalization of $6.74 billion, a PE ratio of 36.34, a PEG ratio of 2.65 and a beta of 1.51. The stock's 50 day moving average is $61.53 and its 200 day moving average is $59.47. Trex Company, Inc. has a twelve month low of $49.01 and a twelve month high of $80.74.

Trex (NYSE:TREX - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The construction company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.72 by $0.02. Trex had a net margin of 16.53% and a return on equity of 21.27%. The firm had revenue of $387.80 million during the quarter, compared to analysts' expectations of $377.49 million. During the same quarter last year, the business earned $0.80 earnings per share. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. Trex has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Trex Company, Inc. will post 2.04 earnings per share for the current year.

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.