Trex Company, Inc. $TREX Shares Purchased by Aperture Investors LLC

Key Points

• Aperture Investors LLC increased its stake in Trex Company, Inc. by 16.3% in Q1, making it the company's 5th largest position with about 3.3% of their portfolio in Trex.
• Trex Company recently reported a net margin of 16.53% and earnings per share (EPS) of $0.74, surpassing estimates while experiencing a 3.0% revenue increase year-over-year.
• Several hedge funds have significantly increased their stakes in Trex, with Price T Rowe Associates Inc. boosting its stake by 132.8%, now owning over 7 million shares valued at approximately $424 million.

Aperture Investors LLC lifted its position in Trex Company, Inc. (NYSE:TREX - Free Report) by 16.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 439,811 shares of the construction company's stock after acquiring an additional 61,638 shares during the period. Trex makes up approximately 3.3% of Aperture Investors LLC's holdings, making the stock its 5th biggest holding. Aperture Investors LLC owned 0.41% of Trex worth $25,553,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in shares of Trex by 132.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,297,863 shares of the construction company's stock valued at $424,007,000 after acquiring an additional 4,163,014 shares during the period. Bamco Inc. NY raised its position in shares of Trex by 6.2% in the 4th quarter. Bamco Inc. NY now owns 2,153,133 shares of the construction company's stock valued at $148,631,000 after acquiring an additional 126,441 shares during the period. Balyasny Asset Management L.P. raised its position in shares of Trex by 86.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,029,034 shares of the construction company's stock valued at $140,064,000 after acquiring an additional 939,960 shares during the period. Conestoga Capital Advisors LLC raised its position in shares of Trex by 1.8% in the 1st 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 during the period. Finally, American Century Companies Inc. raised its position in shares of Trex by 66.1% in the 1st quarter. American Century Companies Inc. now owns 1,972,125 shares of the construction company's stock valued at $114,580,000 after acquiring an additional 784,820 shares during the period. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. UBS Group restated 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. DA Davidson set a $65.00 target price on shares of Trex and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Baird R W upgraded shares of Trex from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. dropped their target price on shares of Trex from $73.00 to $71.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Finally, Wall Street Zen upgraded shares of 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $71.93.

Insider Buying and Selling

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of Trex 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 completion of the transaction, the senior vice president directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.74% of the stock is currently owned by company insiders.

Trex Stock Down 0.6%

Shares of NYSE:TREX traded down $0.36 during midday trading on Wednesday, hitting $59.86. The stock had a trading volume of 564,869 shares, compared to its average volume of 1,615,310. Trex Company, Inc. has a 12 month low of $49.01 and a 12 month high of $80.74. The business's 50-day simple moving average is $62.11 and its 200-day simple moving average is $59.22. The company has a market cap of $6.42 billion, a P/E ratio of 34.66, a PEG ratio of 2.58 and a beta of 1.51.

Trex (NYSE:TREX - Get Free Report) last released its 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 business had revenue of $387.80 million during the quarter, compared to analysts' expectations of $377.49 million. During the same period last year, the business earned $0.80 earnings per share. The firm's revenue was up 3.0% on a year-over-year basis. Trex has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Trex Company, Inc. will post 2.04 earnings per share for the current year.

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.