Trex Company, Inc. $TREX Stock Position Lowered by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd significantly reduced its stake in Trex Company by 79.8%, selling a total of 67,876 shares in the second quarter, leaving it with a holding of 17,185 shares valued at approximately $935,000.
• Trex reported a revenue of $387.80 million for the last quarter, surpassing analysts' expectations and achieving a 3% increase year-over-year, along with earnings per share of $0.74.
• Research analysts have upgraded Trex's stock ratings, with B. Riley and Robert W. Baird giving it a "strong-buy" rating and raising target prices, reflecting a consensus average target price of $71.93.

Sumitomo Mitsui DS Asset Management Company Ltd decreased its stake in Trex Company, Inc. (NYSE:TREX - Free Report) by 79.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,185 shares of the construction company's stock after selling 67,876 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Trex were worth $935,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Price T Rowe Associates Inc. MD raised its holdings in shares of Trex by 132.8% during the 1st 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. Conestoga Capital Advisors LLC grew its stake in Trex by 1.8% in the 1st quarter. Conestoga Capital Advisors LLC now owns 2,002,468 shares of the construction company's stock valued at $116,343,000 after buying an additional 34,720 shares during the last quarter. American Century Companies Inc. grew 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 buying an additional 784,820 shares during the last quarter. Madison Asset Management LLC acquired a new position in Trex in the 1st quarter valued at $109,852,000. Finally, Geneva Capital Management LLC grew its stake in Trex by 0.5% in the 1st quarter. Geneva Capital Management LLC now owns 1,600,884 shares of the construction company's stock valued at $93,011,000 after buying an additional 8,688 shares during the last quarter. Institutional investors own 95.96% of the company's stock.

Trex Stock Down 1.6%

Trex stock opened at $52.35 on Tuesday. The stock has a market capitalization of $5.61 billion, a PE ratio of 30.26, a price-to-earnings-growth ratio of 2.22 and a beta of 1.51. Trex Company, Inc. has a twelve month low of $49.01 and a twelve month high of $80.74. The company has a 50 day moving average of $62.18 and a 200-day moving average of $58.93.

Trex (NYSE:TREX - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share 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 net margin of 16.53% and a return on equity of 21.27%. The business's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.80 earnings per share. Trex has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Trex from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. lowered their target price on shares of Trex from $73.00 to $71.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. B. Riley upgraded shares of Trex to a "strong-buy" rating in a research note on Monday, July 21st. Baird R W upgraded shares of Trex from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Finally, Robert W. Baird upgraded shares of Trex from a "neutral" rating to an "outperform" rating and raised their target price for the company from $65.00 to $75.00 in a research note on Thursday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Trex presently has an average rating of "Moderate Buy" and an average target price 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 sale, the senior vice president 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.74% of the stock is 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.

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