Trex Company, Inc. $TREX Shares Purchased 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% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,973 shares of the construction company's stock after acquiring an additional 41,841 shares during the quarter. Trex accounts for 1.3% of Red Spruce Capital LLC's investment portfolio, making the stock its 27th biggest position. Red Spruce Capital LLC owned 0.05% of Trex worth $3,098,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TREX. Parallel Advisors LLC boosted its holdings in Trex by 28.4% in the second quarter. Parallel Advisors LLC now owns 1,049 shares of the construction company's stock valued at $57,000 after acquiring an additional 232 shares during the last quarter. Brooklyn Investment Group boosted its holdings in Trex by 35,733.3% in the first quarter. Brooklyn Investment Group now owns 1,075 shares of the construction company's stock valued at $62,000 after acquiring an additional 1,072 shares during the last quarter. Blue Trust Inc. boosted its holdings in Trex by 55.9% in the first quarter. Blue Trust Inc. now owns 1,138 shares of the construction company's stock valued at $66,000 after acquiring an additional 408 shares during the last quarter. eCIO Inc. acquired a new position in Trex in the first quarter valued at $77,000. Finally, Quarry LP acquired a new position in Trex in the first quarter valued at $78,000. Institutional investors and hedge funds own 95.96% of the company's stock.

Wall Street Analyst Weigh In

TREX has been the topic of a number of recent research reports. DA Davidson set a $65.00 price objective on Trex and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Baird R W upgraded Trex from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Loop Capital restated a "hold" rating and issued a $66.00 price target on shares of Trex in a report on Tuesday, August 5th. UBS Group restated a "neutral" rating and issued a $74.00 price target (up previously from $72.00) on shares of Trex in a report on Tuesday, August 5th. Finally, Wall Street Zen upgraded Trex from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Trex has an average rating of "Moderate Buy" and a consensus target price of $71.93.

Insider Activity

In other news, SVP Amy M. Fernandez sold 1,538 shares of Trex stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $64.18, for a total transaction of $98,708.84. Following the sale, the senior vice president directly owned 22,953 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Insiders own 0.74% of the company's stock.

Trex Stock Performance

Shares of NYSE TREX opened at $60.49 on Monday. Trex Company, Inc. has a 1 year low of $49.01 and a 1 year high of $80.74. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 34.97, a PEG ratio of 2.53 and a beta of 1.51. The stock's 50-day simple moving average is $62.89 and its 200-day simple moving average is $59.08.

Trex (NYSE:TREX - Get Free Report) last announced 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 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 analyst estimates of $377.49 million. During the same period in the previous year, the company earned $0.80 earnings per share. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. Trex has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Trex Company, Inc. will post 2.04 EPS for the current year.

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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