Trex Company, Inc. $TREX Shares Acquired by Amundi

Amundi boosted its position in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 8.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 279,864 shares of the construction company's stock after purchasing an additional 20,752 shares during the period. Amundi owned approximately 0.26% of Trex worth $15,577,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in Trex by 132.8% during 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 purchasing an additional 4,163,014 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in Trex by 1.8% during 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 purchasing an additional 34,720 shares in the last quarter. American Century Companies Inc. grew its holdings in Trex by 66.1% during the 1st quarter. American Century Companies Inc. now owns 1,972,125 shares of the construction company's stock worth $114,580,000 after acquiring an additional 784,820 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in Trex by 87.4% during the 4th quarter. Point72 Asset Management L.P. now owns 1,916,134 shares of the construction company's stock worth $132,271,000 after acquiring an additional 893,675 shares in the last quarter. Finally, Madison Asset Management LLC acquired a new position in Trex during the 1st quarter worth $109,852,000. 95.96% of the stock is owned by institutional investors and hedge funds.

Trex Stock Down 2.4%

Shares of NYSE TREX opened at $63.02 on Tuesday. The firm's 50-day moving average price is $62.73 and its two-hundred day moving average price is $59.10. Trex Company, Inc. has a 52-week low of $49.01 and a 52-week high of $80.74. The stock has a market capitalization of $6.76 billion, a P/E ratio of 36.43, a P/E/G ratio of 2.70 and a beta of 1.51.

Trex (NYSE:TREX - Get Free Report) last issued its 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 firm had revenue of $387.80 million for the quarter, compared to analysts' expectations of $377.49 million. During the same quarter last year, the company posted $0.80 earnings per share. Trex'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 research analysts expect that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Insider Transactions at Trex

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $64.18, for a total value of $98,708.84. Following the transaction, the senior vice president owned 22,953 shares of the company's stock, valued at $1,473,123.54. This trade represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.74% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TREX shares. JPMorgan Chase & Co. decreased their price objective on shares of Trex from $73.00 to $71.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. DA Davidson set a $65.00 price objective on shares of Trex and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Baird R W raised shares of Trex from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Loop Capital reissued a "hold" rating and set a $66.00 price objective on shares of Trex in a report on Tuesday, August 5th. Finally, Wall Street Zen raised 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 given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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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