Voya Investment Management LLC Buys 76,562 Shares of Trex Company, Inc. $TREX

Key Points

• Voya Investment Management LLC increased its stake in Trex Company, Inc. by 24% during the first quarter, acquiring a total of 395,913 shares, valued at approximately $23 million.
• Several other institutional investors also boosted their holdings in Trex, with 95.96% of the stock now owned by hedge funds and institutions.
• Despite a recent earnings report showing a net margin of 16.53% and revenue growth, Trex stock is currently down by 2.9%.

Voya Investment Management LLC increased its stake in Trex Company, Inc. (NYSE:TREX - Free Report) by 24.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 395,913 shares of the construction company's stock after purchasing an additional 76,562 shares during the period. Voya Investment Management LLC owned approximately 0.37% of Trex worth $23,003,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. eCIO Inc. acquired a new position in Trex in the 1st quarter worth $77,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Trex by 107.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 777,189 shares of the construction company's stock worth $45,155,000 after purchasing an additional 403,203 shares during the period. Woodline Partners LP boosted its stake in Trex by 136.5% in the 1st quarter. Woodline Partners LP now owns 739,052 shares of the construction company's stock worth $42,939,000 after purchasing an additional 426,561 shares during the period. United Services Automobile Association acquired a new position in Trex in the 1st quarter worth $414,000. Finally, Goldman Sachs Group Inc. boosted its stake in Trex by 91.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 822,772 shares of the construction company's stock worth $47,803,000 after purchasing an additional 392,715 shares during the period. 95.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Baird R W raised shares of Trex from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. UBS Group reissued a "neutral" rating and set a $74.00 price target (up from $72.00) on shares of Trex in a research report on Tuesday, August 5th. Loop Capital reissued a "hold" rating and set a $66.00 price target on shares of Trex in a research report on Tuesday, August 5th. Robert W. Baird raised shares of Trex from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $65.00 to $75.00 in a research report on Thursday, July 10th. Finally, DA Davidson set a $65.00 price target on shares of Trex and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Trex presently has an average rating of "Moderate Buy" and an average price target of $71.93.

Trex Stock Down 1.9%

Shares of TREX stock traded down $1.05 on Friday, reaching $53.07. The stock had a trading volume of 3,123,326 shares, compared to its average volume of 1,556,806. The firm's 50-day moving average is $62.38 and its two-hundred day moving average is $58.95. The firm has a market capitalization of $5.69 billion, a price-to-earnings ratio of 30.68, a P/E/G ratio of 2.26 and a beta of 1.51. Trex Company, Inc. has a 12 month low of $49.01 and a 12 month high of $80.74.

Trex (NYSE:TREX - Get Free Report) last issued its earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. The company had revenue of $387.80 million for 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%. Trex's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 EPS. Trex has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Insider Activity

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $64.18, for a total value of $98,708.84. Following the transaction, the senior vice president directly owned 22,953 shares of the company's stock, valued at $1,473,123.54. This represents a 6.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.71% of the company's stock.

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.