Vident Advisory LLC Sells 38,272 Shares of Trex Company, Inc. $TREX

Key Points

• Vident Advisory LLC significantly reduced its stake in Trex Company by 81.3% in the first quarter, now holding 8,827 shares worth approximately $513,000.
• Several institutional investors, including Brooklyn Investment Group and GAMMA Investing LLC, have dramatically increased their positions in Trex during the same period, with Brooklyn's investment growing by 35,733.3%.
• Analysts have mixed ratings for Trex, with a current consensus rating of "Moderate Buy" and an average target price of $71.93, reflecting a generally positive outlook despite some recent sales activity.

Vident Advisory LLC trimmed its holdings in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 81.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,827 shares of the construction company's stock after selling 38,272 shares during the period. Vident Advisory LLC's holdings in Trex were worth $513,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in Trex by 132.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,297,863 shares of the construction company's stock valued at $424,007,000 after acquiring an additional 4,163,014 shares during the period. Madison Asset Management LLC acquired a new stake in Trex during the 1st quarter worth approximately $109,852,000. Point72 Asset Management L.P. raised its position in shares of Trex by 87.4% in the 4th quarter. Point72 Asset Management L.P. now owns 1,916,134 shares of the construction company's stock valued at $132,271,000 after buying an additional 893,675 shares in the last quarter. American Century Companies Inc. lifted its stake in Trex by 66.1% in the 1st quarter. American Century Companies Inc. now owns 1,972,125 shares of the construction company's stock valued at $114,580,000 after purchasing an additional 784,820 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of Trex in the first quarter worth approximately $39,646,000. 95.96% of the stock is owned by institutional investors and hedge funds.

Trex Trading Down 5.0%

Shares of TREX traded down $3.16 during mid-day trading on Tuesday, reaching $59.98. 1,162,721 shares of the stock traded hands, compared to its average volume of 1,534,353. The company has a market cap of $6.43 billion, a price-to-earnings ratio of 34.67, a price-to-earnings-growth ratio of 2.64 and a beta of 1.51. The firm has a fifty day moving average price of $62.78 and a 200 day moving average price of $59.10. Trex Company, Inc. has a 1 year low of $49.01 and a 1 year high of $80.74.

Trex (NYSE:TREX - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $387.80 million during the quarter, compared to analyst estimates of $377.49 million. Trex had a return on equity of 21.27% and a net margin of 16.53%.Trex's revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.80 earnings per share. Trex has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Trex Company, Inc. will post 2.04 EPS for the current year.

Insider Transactions at Trex

In related news, SVP Amy M. Fernandez sold 1,538 shares of the stock in a transaction 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 transaction, the senior vice president owned 22,953 shares of the company's stock, valued at $1,473,123.54. This represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.74% of the company's stock.

Analyst Ratings Changes

TREX has been the subject of a number of analyst reports. Benchmark reiterated a "buy" rating and set a $80.00 price target on shares of Trex in a research note on Monday, May 12th. 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 set a $66.00 price target on shares of Trex in a research note on Tuesday, August 5th. B. Riley upgraded Trex to a "strong-buy" rating in a research note on Monday, July 21st. Finally, Stephens lowered their target price on Trex from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Monday, May 12th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Trex presently has an average rating of "Moderate Buy" and an average target price of $71.93.

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.