Swiss National Bank Lowers Stock Position in Trex Company, Inc. $TREX

Key Points

• The Swiss National Bank reduced its stake in Trex Company, Inc. by 2.9%, holding 207,500 shares worth approximately $12.06 million at the end of the first quarter.
• Several hedge funds increased their holdings in Trex, with a total of 95.96% of the stock owned by institutional investors and hedge funds.
• Analysts have a mixed outlook on Trex, with price targets ranging from $65.00 to $80.00 and an average rating of "Moderate Buy."

Swiss National Bank lessened its stake in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 2.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 207,500 shares of the construction company's stock after selling 6,300 shares during the period. Swiss National Bank owned approximately 0.19% of Trex worth $12,056,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in shares of Trex by 55.9% during the first 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 increased its holdings 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 valued at $97,000 after acquiring an additional 965 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Trex by 9.1% during the fourth quarter. Bessemer Group Inc. now owns 2,034 shares of the construction company's stock valued at $140,000 after acquiring an additional 170 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new position in shares of Trex during the first quarter valued at $216,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of Trex during the first quarter valued at $218,000. 95.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on Trex from $73.00 to $71.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. B. Riley upgraded Trex to a "strong-buy" rating in a report on Monday, July 21st. Wall Street Zen raised Trex from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Benchmark reaffirmed a "buy" rating and set a $80.00 price objective on shares of Trex in a research report on Monday, May 12th. Finally, DA Davidson set a $65.00 price objective on Trex and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $71.93.

Trex Stock Up 2.8%

NYSE:TREX traded up $1.76 on Tuesday, hitting $64.65. The stock had a trading volume of 231,945 shares, compared to its average volume of 1,608,954. The stock has a market cap of $6.93 billion, a price-to-earnings ratio of 37.34, a price-to-earnings-growth ratio of 2.64 and a beta of 1.51. The business's 50-day simple moving average is $60.46 and its two-hundred day simple moving average is $59.72. 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 announced its earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.02. The business had revenue of $387.80 million for the quarter, compared to analysts' expectations of $377.49 million. Trex had a return on equity of 21.27% and a net margin of 16.53%.The business's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the firm posted $0.80 earnings per share. Trex has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Trex Company, Inc. will post 2.04 EPS for the current year.

Insider Transactions at Trex

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of the firm's 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 transaction, the senior vice president directly owned 22,953 shares of the company's stock, valued at approximately $1,473,123.54. This trade represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.74% of the company's stock.

Trex Company 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.