Trex Company, Inc. $TREX Stock Position Lifted by Bennett Selby Investments LP

Key Points

• Bennett Selby Investments LP increased its stake in Trex Company by 8.3%, now owning 66,002 shares, making it the firm's 16th largest position.
• Several institutional investors have significantly boosted their positions in Trex, with Price T Rowe Associates Inc. increasing its stake by 132.8% during the first quarter.
• Trex recently reported $0.74 earnings per share for the quarter, exceeding analysts' estimates, with a revenue of $387.80 million, a 3.0% year-over-year increase.

Bennett Selby Investments LP boosted its stake in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 8.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 66,002 shares of the construction company's stock after purchasing an additional 5,049 shares during the period. Trex comprises approximately 1.3% of Bennett Selby Investments LP's holdings, making the stock its 16th largest position. Bennett Selby Investments LP owned approximately 0.06% of Trex worth $3,589,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TREX. Price T Rowe Associates Inc. MD grew its position in Trex by 132.8% during 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 purchasing an additional 4,163,014 shares in the last quarter. Madison Asset Management LLC purchased a new position in Trex during the first quarter valued at approximately $109,852,000. American Century Companies Inc. grew its position in Trex by 66.1% during 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 purchasing an additional 784,820 shares in the last quarter. Wellington Management Group LLP purchased a new position in Trex during the first quarter valued at approximately $39,646,000. Finally, Natixis Advisors LLC grew its position in Trex by 1,286.3% during the first quarter. Natixis Advisors LLC now owns 707,843 shares of the construction company's stock valued at $41,126,000 after purchasing an additional 656,783 shares in the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. UBS Group reaffirmed a "neutral" rating and set a $74.00 price objective (up from $72.00) on shares of Trex in a research report on Tuesday, August 5th. Wall Street Zen raised shares of Trex from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Robert W. Baird raised shares of Trex from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $65.00 to $75.00 in a research report on Thursday, July 10th. Loop Capital reissued a "hold" rating and issued a $66.00 target price on shares of Trex in a research report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Trex from $73.00 to $71.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $71.93.

Insider Buying and Selling at Trex

In other news, SVP Amy M. Fernandez sold 1,538 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $64.18, for a total value of $98,708.84. Following the completion of the sale, the senior vice president directly owned 22,953 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.71% of the company's stock.

Trex Trading Up 0.1%

Shares of Trex stock opened at $51.32 on Tuesday. The firm has a fifty day simple moving average of $61.13 and a 200-day simple moving average of $58.80. Trex Company, Inc. has a 1-year low of $49.01 and a 1-year high of $80.74. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 29.66, a PEG ratio of 2.14 and a beta of 1.51.

Trex (NYSE:TREX - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The construction company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. Trex had a net margin of 16.53% and a return on equity of 21.27%. The business had revenue of $387.80 million during the quarter, compared to analysts' expectations of $377.49 million. During the same period in the previous year, the company earned $0.80 earnings per share. Trex's revenue for the quarter was up 3.0% on a year-over-year basis. Trex has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Trex Company, Inc. will post 2.04 earnings per share for the current 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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