Voya Investment Management LLC Increases Holdings in 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 lifted its stake in Trex Company, Inc. (NYSE:TREX - Free Report) by 24.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 0.37% of Trex worth $23,003,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group increased its stake 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 worth $62,000 after purchasing an additional 1,072 shares in the last quarter. Blue Trust Inc. increased its stake 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 worth $66,000 after purchasing an additional 408 shares in the last quarter. eCIO Inc. purchased a new stake in shares of Trex in the 1st quarter worth $77,000. Quarry LP purchased a new stake in shares of Trex in the 1st quarter worth $78,000. Finally, GAMMA Investing LLC increased its stake 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 worth $97,000 after purchasing an additional 965 shares in the last quarter. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Trex Stock Down 2.9%

TREX opened at $60.49 on Monday. The firm has a 50-day simple moving average of $62.89 and a two-hundred day simple moving average of $59.08. Trex Company, Inc. has a 52 week low of $49.01 and a 52 week high of $80.74. The company has a market capitalization of $6.49 billion, a PE ratio of 34.97, a price-to-earnings-growth ratio of 2.53 and a beta of 1.51.

Trex (NYSE:TREX - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The construction company reported $0.74 EPS for the quarter, beating the consensus estimate 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 prior year, the firm earned $0.80 EPS. The business's revenue was up 3.0% on a year-over-year basis. Trex has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Insider Activity at Trex

In related 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 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 trade represents a 6.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.74% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TREX shares. UBS Group restated a "neutral" rating and issued a $74.00 price objective (up from $72.00) on shares of Trex in a research note on Tuesday, August 5th. DA Davidson set a $65.00 price target on Trex and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. B. Riley upgraded Trex to a "strong-buy" rating in a research note on Monday, July 21st. Baird R W upgraded Trex from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Finally, Robert W. Baird upgraded 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 research note on Thursday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.93.

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.

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