Trex Company, Inc. $TREX Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its ownership in Trex Company, Inc. by 66.1% during the first quarter, now holding 1,972,125 shares valued at approximately $114.58 million.
• Trex reported a quarterly EPS of $0.74, surpassing analysts' expectations of $0.72, with a revenue increase of 3.0% year-over-year to $387.8 million.
• Analysts have given Trex an average rating of "Moderate Buy" with an average price target of $71.93, indicating potential growth despite mixed individual ratings from different firms.

American Century Companies Inc. grew its position in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 66.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,972,125 shares of the construction company's stock after purchasing an additional 784,820 shares during the period. American Century Companies Inc. owned approximately 1.84% of Trex worth $114,580,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TREX. Price T Rowe Associates Inc. MD grew its position in shares of Trex by 463.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,134,849 shares of the construction company's stock valued at $216,400,000 after purchasing an additional 2,578,734 shares in the last quarter. Madison Asset Management LLC purchased a new position in Trex in the first quarter worth about $109,852,000. Anomaly Capital Management LP grew its position in Trex by 228.2% in the fourth quarter. Anomaly Capital Management LP now owns 1,512,783 shares of the construction company's stock worth $104,427,000 after acquiring an additional 1,051,888 shares in the last quarter. Balyasny Asset Management L.P. grew its position in Trex by 86.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,029,034 shares of the construction company's stock worth $140,064,000 after acquiring an additional 939,960 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in Trex by 87.4% in the fourth quarter. Point72 Asset Management L.P. now owns 1,916,134 shares of the construction company's stock worth $132,271,000 after acquiring an additional 893,675 shares in the last quarter. Hedge funds and other institutional investors own 95.96% of the company's stock.

Analyst Upgrades and Downgrades

TREX has been the subject of several recent research reports. UBS Group reiterated a "neutral" rating and issued a $74.00 price target (up previously from $72.00) on shares of Trex in a research report on Tuesday, August 5th. Baird R W upgraded Trex from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Stephens dropped their price target on Trex from $73.00 to $65.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. Wall Street Zen upgraded Trex from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, B. Riley upgraded Trex to a "strong-buy" rating in a research report on Monday, July 21st. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $71.93.

Insider Buying and Selling

In related news, SVP Amy M. Fernandez sold 1,538 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were 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 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.71% of the stock is owned by company insiders.

Trex Trading Down 0.9%

Shares of Trex stock traded down $0.5510 on Thursday, hitting $61.1890. 1,553,297 shares of the company traded hands, compared to its average volume of 1,618,963. The stock's 50 day moving average price is $60.68 and its 200-day moving average price is $59.76. Trex Company, Inc. has a 52 week low of $49.01 and a 52 week high of $80.74. The company has a market cap of $6.56 billion, a PE ratio of 35.37, a PEG ratio of 2.68 and a beta of 1.51.

Trex (NYSE:TREX - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share 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 the consensus estimate of $377.49 million. During the same quarter in the previous year, the firm posted $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. As a group, research analysts anticipate that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

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.