Amundi Acquires 20,752 Shares of Trex Company, Inc. $TREX

Amundi grew its holdings in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent 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 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Brooklyn Investment Group boosted its position in shares of Trex by 35,733.3% during the 1st quarter. Brooklyn Investment Group now owns 1,075 shares of the construction company's stock valued at $62,000 after purchasing an additional 1,072 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Trex by 55.9% in 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. Quarry LP acquired a new position in shares of Trex in the first quarter worth about $78,000. GAMMA Investing LLC boosted its holdings in shares of Trex by 137.7% in 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. Finally, State of Wyoming boosted its holdings in shares of Trex by 13.7% in the first quarter. State of Wyoming now owns 3,365 shares of the construction company's stock worth $196,000 after buying an additional 406 shares during the period. Institutional investors own 95.96% of the company's stock.

Analyst Ratings Changes

TREX has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price 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. Loop Capital reiterated a "hold" rating and issued a $66.00 target price 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. Wall Street Zen upgraded shares of Trex from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, UBS Group reiterated a "neutral" rating and issued a $74.00 target price (up from $72.00) on shares of Trex in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Trex currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.93.

Trex Stock Performance

Shares of TREX stock traded down $1.78 during trading on Friday, hitting $60.49. 908,637 shares of the company were exchanged, compared to its average volume of 1,397,973. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 34.97, a P/E/G ratio of 2.60 and a beta of 1.51. The business's 50-day simple moving average is $62.89 and its 200 day simple moving average is $59.08. Trex Company, Inc. has a twelve month low of $49.01 and a twelve month high of $80.74.

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

Insiders Place Their Bets

In related news, SVP Amy M. Fernandez sold 1,538 shares of the firm's stock in a transaction that occurred 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 owned 22,953 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.71% of the company's stock.

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.