7,216 Shares in Trex Company, Inc. $TREX Purchased by United Services Automobile Association

Key Points

• United Services Automobile Association has acquired a new stake in Trex Company, Inc., purchasing 7,216 shares valued at approximately $414,000 during the first quarter.
• Several institutional investors, including AQR Capital Management and the State of Michigan Retirement System, have increased their holdings in Trex, indicating strong interest in the company.
• Analyst ratings for Trex have improved, with brokerages like Robert W. Baird upgrading the stock to "outperform" and setting a price target increase to $75.00.

United Services Automobile Association purchased a new stake in Trex Company, Inc. (NYSE:TREX - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 7,216 shares of the construction company's stock, valued at approximately $414,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TREX. Brooklyn Investment Group increased its holdings 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 acquiring an additional 1,072 shares during the period. Blue Trust Inc. increased its holdings in shares of Trex by 55.9% in the 1st quarter. Blue Trust Inc. now owns 1,138 shares of the construction company's stock valued at $66,000 after acquiring an additional 408 shares during the period. Quarry LP purchased a new position in shares of Trex in the 1st quarter valued at $78,000. GAMMA Investing LLC increased its holdings in shares of Trex by 137.7% in 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 shares of Trex in the 1st quarter valued at $100,000. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. DA Davidson set a $65.00 price target on Trex and gave the company a "neutral" rating in a report on Tuesday, August 5th. Wall Street Zen upgraded Trex from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Loop Capital restated a "hold" rating and set a $66.00 target price on shares of Trex in a research note on Tuesday, August 5th. JPMorgan Chase & Co. dropped their target price on Trex from $73.00 to $71.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Finally, B. Riley upgraded Trex to a "strong-buy" rating in a research note on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $71.93.

Insiders Place Their Bets

In related news, SVP Amy M. Fernandez sold 1,538 shares of the company'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. This represents a 6.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.74% of the company's stock.

Trex Stock Down 0.7%

Shares of TREX stock traded down $0.39 on Wednesday, hitting $57.90. The company had a trading volume of 203,905 shares, compared to its average volume of 1,589,817. The firm has a market cap of $6.21 billion, a P/E ratio of 33.49, a price-to-earnings-growth ratio of 2.50 and a beta of 1.51. The company has a 50-day moving average price of $62.93 and a 200-day moving average price of $59.06. Trex Company, Inc. has a twelve month low of $49.01 and a twelve month 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 (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. The business 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 company's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 EPS. Trex has set its Q3 2025 guidance at EPS. Equities research analysts expect that Trex Company, Inc. will post 2.04 EPS 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.