Trex Company, Inc. $TREX Shares Bought by Cwm LLC

Key Points

• Cwm LLC raised its stake in Trex by 182.0% in Q4 to 85,995 shares (about 0.08% of the company) valued at roughly $3.02 million, and institutional investors now own 95.96% of the stock amid widespread fund buying.
• Trex beat Q4 expectations with EPS of $0.04 (vs. a -$0.01 consensus) and revenue of $161.13M (above estimates), although revenue was down 3.9% year‑over‑year.
• Analyst sentiment is mixed with a MarketBeat consensus rating of "Hold" and an average price target of $47.88; shares recently traded near $42.35 with a $4.4B market cap and a PE of 23.93.

Cwm LLC raised its stake in Trex Company, Inc. (NYSE:TREX - Free Report) by 182.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,995 shares of the construction company's stock after buying an additional 55,495 shares during the quarter. Cwm LLC owned approximately 0.08% of Trex worth $3,017,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TREX. AQR Capital Management LLC boosted its position in shares of Trex by 17,551.6% during the 3rd quarter. AQR Capital Management LLC now owns 1,598,001 shares of the construction company's stock valued at $81,498,000 after acquiring an additional 1,588,948 shares during the last quarter. Impax Asset Management Group plc increased its position in Trex by 93.0% during the third quarter. Impax Asset Management Group plc now owns 1,934,581 shares of the construction company's stock worth $99,354,000 after purchasing an additional 932,247 shares during the last quarter. Wellington Management Group LLP increased its position in Trex by 86.8% during the third quarter. Wellington Management Group LLP now owns 1,974,096 shares of the construction company's stock worth $102,002,000 after purchasing an additional 917,448 shares during the last quarter. Federated Hermes Inc. raised its stake in Trex by 90.6% during the third quarter. Federated Hermes Inc. now owns 1,469,878 shares of the construction company's stock worth $75,949,000 after purchasing an additional 698,628 shares during the period. Finally, Bank of America Corp DE raised its stake in Trex by 93.1% during the second quarter. Bank of America Corp DE now owns 1,299,381 shares of the construction company's stock worth $70,660,000 after purchasing an additional 626,452 shares during the period. 95.96% of the stock is owned by institutional investors and hedge funds.

Trex Price Performance

Shares of TREX stock opened at $42.35 on Friday. Trex Company, Inc. has a 1-year low of $29.77 and a 1-year high of $68.78. The firm has a market cap of $4.40 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 9.60 and a beta of 1.61. The company has a 50-day moving average of $39.14 and a two-hundred day moving average of $39.92.

Trex (NYSE:TREX - Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The construction company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.05. The business had revenue of $161.13 million for the quarter, compared to the consensus estimate of $144.39 million. Trex had a net margin of 16.22% and a return on equity of 20.29%. The business's revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 EPS. Sell-side analysts anticipate that Trex Company, Inc. will post 1.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TREX has been the subject of several analyst reports. BMO Capital Markets reissued an "outperform" rating and issued a $54.00 price target on shares of Trex in a research note on Thursday, January 8th. Barclays reduced their price target on shares of Trex from $39.00 to $35.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 8th. DA Davidson upped their price objective on Trex from $50.00 to $51.00 and gave the company a "buy" rating in a report on Wednesday, March 11th. Robert W. Baird set a $48.00 price objective on Trex in a research report on Monday, January 12th. Finally, Benchmark cut Trex from a "buy" rating to a "hold" rating in a research note on Wednesday, February 11th. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Trex currently has a consensus rating of "Hold" and an average price target of $47.88.

About Trex

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company's core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex's product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.

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