SVB Wealth LLC Lowers Stock Position in 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 reduced its holdings in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 63.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Brooklyn Investment Group raised its position in Trex by 35,733.3% during the 1st quarter. Brooklyn Investment Group now owns 1,075 shares of the construction company's stock worth $62,000 after buying an additional 1,072 shares during the last quarter. Blue Trust Inc. raised its position in Trex by 55.9% during the 1st quarter. Blue Trust Inc. now owns 1,138 shares of the construction company's stock worth $66,000 after buying an additional 408 shares during the last quarter. GAMMA Investing LLC raised its position in Trex by 137.7% during the 1st 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 last quarter. Baader Bank Aktiengesellschaft purchased a new position in Trex during the 1st quarter worth $216,000. Finally, Jefferies Financial Group Inc. purchased a new position in Trex during the 1st quarter worth $218,000. Hedge funds and other institutional investors own 95.96% of the company's stock.

Trex Trading Down 1.6%

Shares of NYSE TREX traded down $1.01 during midday trading on Friday, reaching $61.85. 509,289 shares of the stock were exchanged, compared to its average volume of 1,617,938. The stock has a 50 day moving average price of $61.74 and a 200-day moving average price of $59.42. The company has a market capitalization of $6.63 billion, a P/E ratio of 35.78, a P/E/G ratio of 2.65 and a beta of 1.51. Trex Company, Inc. has a 52-week low of $49.01 and a 52-week high of $80.74.

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

Analysts Set New Price Targets

A number of research firms recently commented on TREX. DA Davidson set a $65.00 price objective on shares of Trex and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Wall Street Zen raised shares of Trex from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Robert W. Baird raised shares of Trex from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $65.00 to $75.00 in a report on Thursday, July 10th. UBS Group reissued a "neutral" rating and set a $74.00 price objective (up previously from $72.00) on shares of Trex in a report on Tuesday, August 5th. Finally, Loop Capital reissued a "hold" rating and set a $66.00 price objective on shares of Trex in a report on Tuesday, August 5th. 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 given a Sell rating to the company. According to MarketBeat.com, Trex currently has an average rating of "Moderate Buy" and a consensus price target of $71.93.

Insider Buying and Selling at Trex

In other Trex 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.71% of the stock is currently owned by corporate insiders.

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.