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

Other institutional investors and hedge funds have also made changes to their positions in the company. Brooklyn Investment Group increased its position in shares of 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 buying an additional 1,072 shares in the last quarter. Blue Trust Inc. increased its position in shares of Trex by 55.9% during the first quarter. Blue Trust Inc. now owns 1,138 shares of the construction company's stock worth $66,000 after purchasing an additional 408 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Trex by 137.7% during the first quarter. GAMMA Investing LLC now owns 1,666 shares of the construction company's stock worth $97,000 after purchasing an additional 965 shares in the last quarter. State of Wyoming increased its position in shares of Trex by 13.7% during the first quarter. State of Wyoming now owns 3,365 shares of the construction company's stock worth $196,000 after purchasing an additional 406 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new stake in shares of Trex in the first quarter valued at about $216,000. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Trex Trading Down 2.9%

NYSE:TREX traded down $1.78 during trading hours on Friday, hitting $60.49. The company had a trading volume of 908,637 shares, compared to its average volume of 1,397,973. The company has a 50-day moving average of $62.89 and a 200 day moving average of $59.10. The company has a market cap of $6.49 billion, a P/E ratio of 34.97, a P/E/G ratio of 2.60 and a beta of 1.51. 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 earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. The company had revenue of $387.80 million during the quarter, compared to analysts' expectations of $377.49 million. Trex had a return on equity of 21.27% and a net margin of 16.53%.The firm's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 EPS. Trex has set its Q3 2025 guidance at EPS. On average, analysts forecast that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Wall Street Analyst Weigh In

TREX has been the subject of a number of recent research reports. Robert W. Baird upgraded shares of Trex from a "neutral" rating to an "outperform" rating and increased their target price for the company from $65.00 to $75.00 in a research report on Thursday, July 10th. Wall Street Zen upgraded shares of Trex from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. DA Davidson set a $65.00 target price on shares of Trex and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Baird R W upgraded shares of Trex from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Finally, UBS Group reiterated a "neutral" rating and issued a $74.00 target price (up 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 assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Trex currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.93.

Insider Activity at Trex

In other news, SVP Amy M. Fernandez sold 1,538 shares of the company's 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.71% of the stock is currently owned by company insiders.

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.