Intech Investment Management LLC Sells 6,456 Shares of Trex Company, Inc. $TREX

Key Points

• Intech Investment Management LLC reduced its stake in Trex Company, Inc. by 15.6%, holding 34,916 shares valued at approximately $2.03 million after selling 6,456 shares in the first quarter.
• Trex's stock recently opened at $58.25, with a market capitalization of $6.25 billion, and reported a net margin of 16.53% for the last quarter.
• Several analysts have upgraded Trex's stock rating in recent months, with a consensus rating of "Moderate Buy" and an average price target of $71.93.

Intech Investment Management LLC lessened its stake in Trex Company, Inc. (NYSE:TREX - Free Report) by 15.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,916 shares of the construction company's stock after selling 6,456 shares during the period. Intech Investment Management LLC's holdings in Trex were worth $2,029,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group boosted its stake in shares of Trex by 35,733.3% in the 1st quarter. Brooklyn Investment Group now owns 1,075 shares of the construction company's stock valued at $62,000 after purchasing an additional 1,072 shares in the last quarter. Blue Trust Inc. raised its holdings in Trex by 55.9% in the 1st 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. Quarry LP bought a new position in Trex in the 1st quarter worth $78,000. GAMMA Investing LLC lifted its position in Trex by 137.7% during the 1st quarter. GAMMA Investing LLC now owns 1,666 shares of the construction company's stock valued at $97,000 after acquiring an additional 965 shares during the period. Finally, Banque Transatlantique SA purchased a new position in Trex during the 1st quarter valued at about $100,000. Hedge funds and other institutional investors own 95.96% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TREX. Robert W. Baird upgraded shares of Trex from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $65.00 to $75.00 in a research note on Thursday, July 10th. Loop Capital restated a "hold" rating and set a $66.00 price objective on shares of Trex in a research note on Tuesday, August 5th. B. Riley upgraded shares of Trex to a "strong-buy" rating in a research note on Monday, July 21st. Baird R W raised shares of Trex from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Finally, DA Davidson set a $65.00 price target on shares of Trex and gave the company a "neutral" rating in a report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $71.93.

Insider Buying and Selling

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of Trex stock in a transaction on Wednesday, August 6th. The shares were 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.71% of the stock is owned by insiders.

Trex Price Performance

Shares of TREX stock traded down $1.05 during mid-day trading on Friday, hitting $53.07. The company had a trading volume of 3,123,326 shares, compared to its average volume of 1,556,806. Trex Company, Inc. has a 52-week low of $49.01 and a 52-week high of $80.74. The stock's 50 day moving average price is $62.38 and its 200-day moving average price is $58.95. The company has a market capitalization of $5.69 billion, a P/E ratio of 30.68, a P/E/G ratio of 2.26 and a beta of 1.51.

Trex (NYSE:TREX - Get Free Report) last released its earnings results on Monday, August 4th. The construction company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. Trex had a net margin of 16.53% and a return on equity of 21.27%. The firm 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 firm earned $0.80 earnings per share. The company's quarterly revenue was up 3.0% compared to the same quarter last year. Trex has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Trex Company, Inc. will post 2.04 earnings per share 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.