UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 403,203 Shares of Trex Company, Inc. $TREX

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 raised its stake in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 107.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 0.72% of Trex worth $45,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Woodline Partners LP lifted its position in Trex by 136.5% during the first quarter. Woodline Partners LP now owns 739,052 shares of the construction company's stock valued at $42,939,000 after purchasing an additional 426,561 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Trex during the first quarter worth approximately $414,000. Goldman Sachs Group Inc. raised its stake in shares of Trex by 91.3% during the first quarter. Goldman Sachs Group Inc. now owns 822,772 shares of the construction company's stock worth $47,803,000 after acquiring an additional 392,715 shares in the last quarter. Banque Transatlantique SA purchased a new position in shares of Trex during the first quarter worth approximately $100,000. Finally, AQR Capital Management LLC raised its stake in shares of Trex by 3.2% during the first quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company's stock worth $320,000 after acquiring an additional 177 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $64.18, for a total value of $98,708.84. Following the completion of the transaction, the senior vice president owned 22,953 shares of the company's stock, valued at approximately $1,473,123.54. The trade was a 6.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.74% of the company's stock.

Trex Price Performance

Shares of Trex stock opened at $60.49 on Monday. Trex Company, Inc. has a 1 year low of $49.01 and a 1 year high of $80.74. The firm's 50-day moving average is $62.89 and its 200 day moving average is $59.08. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 34.97, a PEG ratio of 2.53 and a beta of 1.51.

Trex (NYSE:TREX - Get Free Report) last issued its earnings results 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 return on equity of 21.27% and a net margin of 16.53%.The business had revenue of $387.80 million during the quarter, compared to analyst estimates of $377.49 million. During the same quarter in the previous year, the firm earned $0.80 EPS. Trex's revenue was up 3.0% on a year-over-year basis. Trex has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wall Street Zen raised shares of Trex from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. DA Davidson set a $65.00 price target on shares of Trex and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. JPMorgan Chase & Co. decreased 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. Loop Capital reaffirmed a "hold" rating and issued a $66.00 target price on shares of Trex in a research note on Tuesday, August 5th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $74.00 target price (up from $72.00) on shares of Trex in a research note on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $71.93.

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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