Trex Company, Inc. $TREX Shares Sold by Erste Asset Management GmbH

Key Points

• Erste Asset Management GmbH reduced its stake in Trex Company, Inc. by 9.3%, now holding 205,178 shares worth approximately $11.76 million.
• Other institutional investors have boosted their positions significantly, with Price T Rowe Associates Inc. increasing its holdings by 463.7% to 3.13 million shares valued at $216.4 million.
• Trex reported $0.74 EPS for the last quarter, surpassing expectations, and has set a Q3 2025 guidance that is yet to be specified.

Erste Asset Management GmbH lessened its position in Trex Company, Inc. (NYSE:TREX - Free Report) by 9.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 205,178 shares of the construction company's stock after selling 20,983 shares during the quarter. Erste Asset Management GmbH owned about 0.19% of Trex worth $11,759,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in shares of Trex by 463.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,134,849 shares of the construction company's stock valued at $216,400,000 after acquiring an additional 2,578,734 shares in the last quarter. Bamco Inc. NY lifted its position in shares of Trex by 6.2% in the fourth quarter. Bamco Inc. NY now owns 2,153,133 shares of the construction company's stock valued at $148,631,000 after acquiring an additional 126,441 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Trex by 86.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,029,034 shares of the construction company's stock valued at $140,064,000 after acquiring an additional 939,960 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in shares of Trex by 1.8% in the first quarter. Conestoga Capital Advisors LLC now owns 2,002,468 shares of the construction company's stock valued at $116,343,000 after acquiring an additional 34,720 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Trex by 66.1% in the first quarter. American Century Companies Inc. now owns 1,972,125 shares of the construction company's stock valued at $114,580,000 after acquiring an additional 784,820 shares in the last quarter. Hedge funds and other institutional investors own 95.96% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TREX. Loop Capital reiterated a "hold" rating and set a $66.00 price objective on shares of Trex in a research report on Tuesday, August 5th. JPMorgan Chase & Co. reduced their price objective on Trex from $73.00 to $71.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. DA Davidson set a $65.00 price objective on Trex and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. UBS Group reiterated a "neutral" rating and set a $74.00 price objective (up previously from $72.00) on shares of Trex in a research report on Tuesday, August 5th. Finally, Baird R W upgraded Trex from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.93.

Insider Buying and Selling

In related news, SVP Amy M. Fernandez sold 1,538 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $64.18, for a total transaction 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. The trade was a 6.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.71% of the stock is owned by insiders.

Trex Stock Down 3.6%

NYSE:TREX opened at $61.6990 on Thursday. Trex Company, Inc. has a 52 week low of $49.01 and a 52 week high of $80.74. The company has a market capitalization of $6.62 billion, a P/E ratio of 35.66, a P/E/G ratio of 2.68 and a beta of 1.51. The stock's fifty day moving average is $60.68 and its two-hundred day moving average is $59.76.

Trex (NYSE:TREX - Get Free Report) last posted its earnings results on Monday, August 4th. The construction company reported $0.74 EPS for the quarter, beating 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 company had revenue of $387.80 million for the quarter, compared to the consensus estimate of $377.49 million. During the same quarter in the previous year, the business earned $0.80 earnings per share. The company's revenue for the quarter was up 3.0% on a year-over-year basis. Trex has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate 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.

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