Trex Company, Inc. $TREX Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Trex Company, Inc. by 2.7% during Q1, now owning approximately 1.08% of the company's stock, valued at around $67 million.
• Trex reported $0.74 earnings per share for the last quarter, exceeding analyst expectations of $0.72, along with a revenue of $387.8 million, which was above the projected $377.49 million.
• Recent analyst ratings for Trex have varied, with a consensus rating of "Moderate Buy" and a target price of $71.93, reflecting mixed sentiment from different brokerages.

Invesco Ltd. lifted its stake in Trex Company, Inc. (NYSE:TREX - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,154,134 shares of the construction company's stock after purchasing an additional 30,861 shares during the period. Invesco Ltd. owned 1.08% of Trex worth $67,055,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in Trex by 137.7% in the first quarter. GAMMA Investing LLC now owns 1,666 shares of the construction company's stock worth $97,000 after purchasing an additional 965 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of Trex during the first quarter valued at approximately $911,000. State of Alaska Department of Revenue increased its position in shares of Trex by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 12,546 shares of the construction company's stock valued at $728,000 after acquiring an additional 330 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Trex by 26.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 70,990 shares of the construction company's stock valued at $4,125,000 after acquiring an additional 14,670 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Trex by 55.9% during the 1st 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 during the last quarter. Hedge funds and other institutional investors own 95.96% of the company's stock.

Trex Stock Down 2.7%

Shares of TREX stock traded down $1.7510 during mid-day trading on Wednesday, hitting $62.2690. 1,009,180 shares of the stock were exchanged, compared to its average volume of 1,613,079. The firm has a fifty day moving average of $60.58 and a 200 day moving average of $59.75. The company has a market cap of $6.68 billion, a PE ratio of 35.99, a price-to-earnings-growth ratio of 2.63 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 results on Monday, August 4th. The construction company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $377.49 million. During the same period in the previous year, the business posted $0.80 earnings per share. Trex's quarterly revenue was up 3.0% on a year-over-year basis. Trex has set its Q3 2025 guidance at EPS. Equities analysts predict that Trex Company, Inc. will post 2.04 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TREX. UBS Group reaffirmed a "neutral" rating and set a $74.00 target price (up from $72.00) on shares of Trex in a report on Tuesday, August 5th. B. Riley upgraded shares of Trex to a "strong-buy" rating in a report on Monday, July 21st. Stephens decreased their price objective on Trex from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Benchmark restated a "buy" rating and set a $80.00 price objective on shares of Trex in a research report on Monday, May 12th. Finally, Wall Street Zen upgraded Trex from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $71.93.

Insider Buying and Selling at Trex

In other 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 transaction of $98,708.84. Following the completion of the sale, the senior vice president owned 22,953 shares in the company, valued at approximately $1,473,123.54. The trade was a 6.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.74% of the company's stock.

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.