Trex Company, Inc. $TREX Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its stake in Trex Company, Inc. by 27.9%, selling over 102,000 shares in the first quarter, decreasing its ownership to 0.25% worth $15.5 million.
• Other institutional investors, including Charles Schwab and Empower Advisory Group, increased their shares, with ownership by institutions now at 95.96%.
• Trex reported earnings of $0.74 per share for the last quarter, exceeding estimates, while revenue of $387.8 million also surpassed expectations, reflecting a 3.0% year-over-year growth.

Deutsche Bank AG decreased its stake in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 27.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 266,028 shares of the construction company's stock after selling 102,786 shares during the period. Deutsche Bank AG owned 0.25% of Trex worth $15,456,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. grew its stake in Trex by 55.9% during the first 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 period. GAMMA Investing LLC grew its stake in Trex by 137.7% during the first 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 period. Bessemer Group Inc. grew its stake in Trex by 9.1% during the fourth quarter. Bessemer Group Inc. now owns 2,034 shares of the construction company's stock worth $140,000 after buying an additional 170 shares during the period. Baader Bank Aktiengesellschaft purchased a new stake in Trex during the first quarter worth approximately $216,000. Finally, Jefferies Financial Group Inc. purchased a new stake in Trex during the first quarter worth approximately $218,000. Institutional investors and hedge funds own 95.96% of the company's stock.

Insider Buying and Selling

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of the stock in a transaction 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 transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.74% of the stock is owned by company insiders.

Trex Trading Up 2.8%

NYSE TREX traded up $1.76 during trading hours on Tuesday, reaching $64.65. 231,945 shares of the company traded hands, compared to its average volume of 1,608,954. Trex Company, Inc. has a 12 month low of $49.01 and a 12 month high of $80.74. The stock has a market capitalization of $6.93 billion, a PE ratio of 37.34, a PEG ratio of 2.64 and a beta of 1.51. The company has a 50 day moving average of $60.46 and a two-hundred day moving average of $59.72.

Trex (NYSE:TREX - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The construction company reported $0.74 EPS for the quarter, beating 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 the consensus estimate of $377.49 million. During the same period in the prior year, the firm posted $0.80 EPS. The firm's revenue was up 3.0% compared to the same quarter last year. Trex has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports 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. Benchmark reiterated a "buy" rating and set a $80.00 price objective on shares of Trex in a research note on Monday, May 12th. DA Davidson set a $65.00 price objective on shares of Trex and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. UBS Group reissued a "neutral" rating and set a $74.00 target price (up from $72.00) on shares of Trex in a research report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Trex from $73.00 to $71.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Trex currently has a consensus rating of "Moderate Buy" and an average price target of $71.93.

About Trex

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.