Invesco Ltd. Has $67.06 Million Position in Trex Company, Inc. $TREX

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. raised its stake in Trex Company, Inc. (NYSE:TREX - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of Trex by 463.7% in 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 during the last quarter. Bamco Inc. NY increased its holdings in shares of Trex by 6.2% in the fourth quarter. Bamco Inc. NY now owns 2,153,133 shares of the construction company's stock valued at $148,631,000 after purchasing an additional 126,441 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of 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 valued at $140,064,000 after purchasing an additional 939,960 shares during the last quarter. Conestoga Capital Advisors LLC grew its stake in shares of Trex by 1.8% in the first quarter. Conestoga Capital Advisors LLC now owns 2,002,468 shares of the construction company's stock valued at $116,343,000 after acquiring an additional 34,720 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its stake in shares of 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 valued at $132,271,000 after acquiring an additional 893,675 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Trex

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $64.18, for a total transaction of $98,708.84. Following the sale, the senior vice president directly owned 22,953 shares in the company, valued at $1,473,123.54. This represents 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 insiders.

Trex Trading Down 0.9%

Trex stock traded down $0.5510 during trading hours on Thursday, reaching $61.1890. 1,554,916 shares of the stock were exchanged, compared to its average volume of 1,732,334. The company has a market cap of $6.56 billion, a P/E ratio of 35.37, a price-to-earnings-growth ratio of 2.58 and a beta of 1.51. Trex Company, Inc. has a twelve month low of $49.01 and a twelve month high of $80.74. The stock has a 50 day moving average of $60.76 and a two-hundred day moving average of $59.69.

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

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Baird R W upgraded shares of Trex from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Robert W. Baird upgraded shares of Trex from a "neutral" rating to an "outperform" rating and upped their price target for the company from $65.00 to $75.00 in a research note on Thursday, July 10th. UBS Group restated a "neutral" rating and issued a $74.00 price target (up from $72.00) on shares of Trex in a research note on Tuesday, August 5th. DA Davidson set a $65.00 price target on shares of Trex and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen upgraded shares of Trex from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Trex currently has an average rating of "Moderate Buy" and a consensus target price of $71.93.

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.