Trex Company, Inc. $TREX Holdings Lifted by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS AM significantly increased its stake in Trex Company, Inc. by 107.8%, acquiring an additional 403,203 shares to total 777,189 shares valued at approximately $45.16 million.
• Several hedge funds also boosted their positions in Trex during the first quarter, with Woodline Partners LP and Goldman Sachs Group Inc. increasing their stakes by 136.5% and 91.3% respectively.
• Trex reported $0.74 earnings per share for the last quarter, surpassing analyst expectations, alongside a 3.0% increase in year-over-year revenue.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Trex Company, Inc. (NYSE:TREX - Free Report) by 107.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 777,189 shares of the construction company's stock after purchasing an additional 403,203 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.72% of Trex worth $45,155,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. AQR Capital Management LLC grew its position in Trex by 3.2% during the 1st quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company's stock valued at $320,000 after purchasing an additional 177 shares during the last quarter. State of Michigan Retirement System raised its stake in Trex by 0.8% during the 1st quarter. State of Michigan Retirement System now owns 25,622 shares of the construction company's stock worth $1,489,000 after acquiring an additional 200 shares during the period. Stephens Inc. AR raised its stake in Trex by 3.7% during the 1st quarter. Stephens Inc. AR now owns 6,530 shares of the construction company's stock worth $379,000 after acquiring an additional 236 shares during the period. ProShare Advisors LLC raised its position in shares of Trex by 5.8% during the fourth quarter. ProShare Advisors LLC now owns 5,013 shares of the construction company's stock valued at $346,000 after buying an additional 274 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Trex by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the construction company's stock valued at $1,743,000 after buying an additional 300 shares during the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Trex Price Performance

Shares of Trex stock traded down $1.05 on Friday, reaching $53.07. 3,123,326 shares of the company were exchanged, compared to its average volume of 1,556,806. 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 cap of $5.69 billion, a P/E ratio of 30.68, a price-to-earnings-growth ratio of 2.26 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 quarterly earnings data on Monday, August 4th. The construction company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates 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 revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 earnings per share. Trex has set its Q3 2025 guidance at EPS. On average, research analysts predict that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. DA Davidson set a $65.00 price objective on shares of Trex and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Loop Capital reaffirmed a "hold" rating and issued a $66.00 price objective on shares of Trex in a research note on Tuesday, August 5th. JPMorgan Chase & Co. reduced their target price on shares of Trex from $73.00 to $71.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. B. Riley upgraded shares of Trex to a "strong-buy" rating in a report on Monday, July 21st. Finally, Robert W. Baird upgraded shares of Trex from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $65.00 to $75.00 in a report 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.93.

Insider Activity at Trex

In related news, SVP Amy M. Fernandez sold 1,538 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $64.18, for a total transaction of $98,708.84. Following the sale, the senior vice president directly owned 22,953 shares in the company, valued at approximately $1,473,123.54. This trade represents a 6.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.71% of the stock is currently owned by company insiders.

Trex Company 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.