Trex Company, Inc. $TREX is Aperture Investors LLC's 5th Largest Position

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 boosted its stake in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 16.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 439,811 shares of the construction company's stock after buying an additional 61,638 shares during the quarter. Trex accounts for about 3.3% of Aperture Investors LLC's holdings, making the stock its 5th biggest holding. Aperture Investors LLC owned approximately 0.41% of Trex worth $25,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its stake in Trex by 132.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,297,863 shares of the construction company's stock worth $424,007,000 after buying an additional 4,163,014 shares during the period. Bamco Inc. NY boosted its stake in Trex by 6.2% during the fourth quarter. Bamco Inc. NY now owns 2,153,133 shares of the construction company's stock worth $148,631,000 after buying an additional 126,441 shares during the period. Balyasny Asset Management L.P. boosted its stake in Trex by 86.3% during 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 buying an additional 939,960 shares during the period. Conestoga Capital Advisors LLC boosted its stake in Trex by 1.8% during the first quarter. Conestoga Capital Advisors LLC now owns 2,002,468 shares of the construction company's stock worth $116,343,000 after buying an additional 34,720 shares during the period. Finally, American Century Companies Inc. boosted its stake in Trex by 66.1% during the first quarter. American Century Companies Inc. now owns 1,972,125 shares of the construction company's stock worth $114,580,000 after buying an additional 784,820 shares during the period. Hedge funds and other institutional investors own 95.96% of the company's stock.

Trex Stock Down 0.8%

Shares of Trex stock opened at $62.87 on Friday. Trex Company, Inc. has a 52-week low of $49.01 and a 52-week high of $80.74. The company has a 50 day moving average of $61.74 and a 200 day moving average of $59.42. The company has a market capitalization of $6.74 billion, a P/E ratio of 36.34, a P/E/G ratio of 2.65 and a beta of 1.51.

Trex (NYSE:TREX - Get Free Report) last issued its quarterly earnings results 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. Trex had a net margin of 16.53% and a return on equity of 21.27%. The company 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 earned $0.80 earnings per share. The firm's quarterly 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 earnings per share for the current fiscal year.

Insider Transactions at Trex

In related news, SVP Amy M. Fernandez sold 1,538 shares of Trex 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 in the company, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.71% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TREX. Benchmark reaffirmed a "buy" rating and set a $80.00 target price on shares of Trex in a research note on Monday, May 12th. UBS Group reaffirmed a "neutral" rating and set a $74.00 target price (up from $72.00) on shares of Trex in a research note on Tuesday, August 5th. B. Riley upgraded shares of Trex to a "strong-buy" rating in a report on Monday, July 21st. 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. Finally, Loop Capital reiterated a "hold" rating and set a $66.00 target price on shares of Trex in a report on Tuesday, August 5th. Two 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 given a Sell rating to the stock. According to MarketBeat.com, Trex has a consensus rating of "Moderate Buy" and a consensus target price of $71.93.

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.

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