Trex Company, Inc. $TREX Shares Bought by Red Spruce Capital LLC

Key Points

• Red Spruce Capital LLC increased its stake in Trex Company, Inc. by 276.5% in Q2, owning 56,973 shares valued at approximately $3.1 million, which makes Trex the fund's 27th largest position.
• Trex shares received mixed analyst ratings, with a consensus target price of $71.93 and two analysts labeling it a Strong Buy.
• Trex reported earnings of $0.74 per share, exceeding estimates, with a revenue of $387.8 million for Q2, a 3% increase from the previous year.

Red Spruce Capital LLC boosted its position in Trex Company, Inc. (NYSE:TREX - Free Report) by 276.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,973 shares of the construction company's stock after purchasing an additional 41,841 shares during the period. Trex comprises 1.3% of Red Spruce Capital LLC's investment portfolio, making the stock its 27th biggest position. Red Spruce Capital LLC owned approximately 0.05% of Trex worth $3,098,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TREX. Parallel Advisors LLC increased its position in Trex by 28.4% during the second quarter. Parallel Advisors LLC now owns 1,049 shares of the construction company's stock worth $57,000 after buying an additional 232 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Trex by 24.0% in the first quarter. Voya Investment Management LLC now owns 395,913 shares of the construction company's stock worth $23,003,000 after acquiring an additional 76,562 shares during the last quarter. eCIO Inc. acquired a new position in shares of Trex in the first quarter worth $77,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Trex by 107.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 777,189 shares of the construction company's stock worth $45,155,000 after acquiring an additional 403,203 shares during the last quarter. Finally, Woodline Partners LP raised its holdings in shares of Trex by 136.5% in the first quarter. Woodline Partners LP now owns 739,052 shares of the construction company's stock worth $42,939,000 after acquiring an additional 426,561 shares during the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Trex

In related news, SVP Amy M. Fernandez sold 1,538 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was 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 directly owned 22,953 shares of the company's stock, valued at $1,473,123.54. This represents a 6.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.71% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TREX shares. B. Riley raised Trex to a "strong-buy" rating in a report on Monday, July 21st. JPMorgan Chase & Co. cut their price target on Trex from $73.00 to $71.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Baird R W raised Trex from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Robert W. Baird raised Trex from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $65.00 to $75.00 in a report on Thursday, July 10th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $74.00 price objective (up previously from $72.00) on shares of Trex in a research report on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Trex has a consensus rating of "Moderate Buy" and a consensus price target of $71.93.

Trex Stock Performance

Shares of NYSE:TREX traded down $1.35 during trading on Friday, hitting $52.77. The company's stock had a trading volume of 959,805 shares, compared to its average volume of 1,620,131. Trex Company, Inc. has a fifty-two week low of $49.01 and a fifty-two week high of $80.74. The stock's 50-day moving average price is $62.60 and its two-hundred day moving average price is $58.99. The company has a market capitalization of $5.66 billion, a PE ratio of 30.53, a PEG ratio of 2.25 and a beta of 1.51.

Trex (NYSE:TREX - Get Free Report) last released 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. Trex had a return on equity of 21.27% and a net margin of 16.53%.The business had revenue of $387.80 million for the quarter, compared to analysts' expectations of $377.49 million. During the same quarter in the previous year, the firm posted $0.80 earnings per share. The company's revenue was up 3.0% compared to the same quarter last year. Trex has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

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.