United Services Automobile Association Makes New Investment in Trex Company, Inc. $TREX

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 bought a new stake in Trex Company, Inc. (NYSE:TREX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,216 shares of the construction company's stock, valued at approximately $414,000.

A number of other institutional investors have also added to or reduced their stakes in TREX. Price T Rowe Associates Inc. MD grew its stake in shares of Trex by 132.8% during the first 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 buying an additional 4,163,014 shares during the last quarter. Madison Asset Management LLC bought a new position in shares of Trex during the first quarter valued at about $109,852,000. Point72 Asset Management L.P. grew its stake in shares of Trex by 87.4% in the fourth quarter. Point72 Asset Management L.P. now owns 1,916,134 shares of the construction company's stock worth $132,271,000 after purchasing an additional 893,675 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Trex by 66.1% in the first quarter. American Century Companies Inc. now owns 1,972,125 shares of the construction company's stock worth $114,580,000 after purchasing an additional 784,820 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of Trex in the first quarter worth about $39,646,000. Institutional investors own 95.96% of the company's stock.

Trex Stock Performance

Shares of TREX traded down $1.78 on Friday, hitting $60.49. 908,637 shares of the stock traded hands, compared to its average volume of 1,375,213. Trex Company, Inc. has a one year low of $49.01 and a one year high of $80.74. The company has a market capitalization of $6.49 billion, a PE ratio of 34.97, a P/E/G ratio of 2.53 and a beta of 1.51. The business has a 50 day simple moving average of $62.89 and a 200 day simple moving average of $59.08.

Trex (NYSE:TREX - Get Free Report) last posted its earnings results on Monday, August 4th. The construction company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. Trex had a net margin of 16.53% and a return on equity of 21.27%. The business had revenue of $387.80 million during the quarter, compared to the consensus estimate of $377.49 million. During the same quarter in the previous year, the firm posted $0.80 EPS. The firm'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 earnings per share for the current year.

Insider Activity

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 transaction of $98,708.84. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.74% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on TREX. B. Riley raised Trex to a "strong-buy" rating in a research note on Monday, July 21st. UBS Group restated a "neutral" rating and issued a $74.00 price objective (up from $72.00) on shares of Trex in a report on Tuesday, August 5th. Baird R W upgraded shares of Trex from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Loop Capital restated a "hold" rating and issued a $66.00 price objective on shares of Trex in a report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. lowered their price objective 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. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.