WINTON GROUP Ltd Boosts Position in Trex Company, Inc. $TREX

Key Points

• WINTON GROUP Ltd increased its Trex stake by 449% in the second quarter, adding 159,039 shares to own 194,459 shares valued at approximately $9.7 million. Institutional investors collectively hold 95.96% of TREX.
• Trex’s latest quarterly results were mixed: revenue rose 7.8% year over year to $418.0 million, exceeding estimates, while earnings per share of $0.62 narrowly missed the $0.63 consensus.
• Analyst sentiment remains broadly neutral, with Trex carrying an average “Hold” rating and a consensus price target of $49.30 versus a recent share price of $45.50. Company insiders own 0.93% of the stock and two senior vice presidents recently sold shares under a pre-arranged trading plan.

WINTON GROUP Ltd boosted its stake in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 449.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,459 shares of the construction company's stock after buying an additional 159,039 shares during the quarter. WINTON GROUP Ltd owned approximately 0.19% of Trex worth $9,731,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Clearstead Trust LLC purchased a new position in shares of Trex during the fourth quarter worth approximately $33,000. Ascentis Independent Advisors bought a new stake in shares of Trex during the first quarter valued at approximately $44,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Trex in the fourth quarter valued at approximately $47,000. Empowered Funds LLC purchased a new stake in shares of Trex in the fourth quarter valued at approximately $50,000. Finally, Versant Capital Management Inc bought a new position in Trex in the second quarter worth approximately $58,000. 95.96% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Jacob Rudolph sold 1,400 shares of the firm's stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $50.00, for a total value of $70,000.00. Following the completion of the sale, the senior vice president owned 36,631 shares of the company's stock, valued at $1,831,550. This trade represents a 3.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Amy M. Fernandez sold 1,050 shares of the business's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $50.07, for a total value of $52,573.50. Following the transaction, the senior vice president owned 67,794 shares in the company, valued at approximately $3,394,445.58. This trade represents a 1.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.93% of the stock is owned by company insiders.

Trex Stock Down 0.6%

NYSE TREX opened at $45.50 on Thursday. The firm has a market cap of $4.73 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 3.16 and a beta of 1.47. The company has a 50 day moving average price of $46.12 and a 200 day moving average price of $42.59. Trex Company, Inc. has a 52 week low of $29.77 and a 52 week high of $62.45.

Trex (NYSE:TREX - Get Free Report) last announced its earnings results on Tuesday, August 4th. The construction company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.01). Trex had a net margin of 14.68% and a return on equity of 18.03%. The firm had revenue of $418.02 million during the quarter, compared to analyst estimates of $415.71 million. During the same quarter last year, the business earned $0.71 earnings per share. Trex's revenue was up 7.8% on a year-over-year basis. On average, equities research analysts anticipate that Trex Company, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on TREX. Bank of America raised their price objective on Trex from $42.00 to $44.00 and gave the stock an "underperform" rating in a report on Tuesday, July 14th. Stephens increased their price target on Trex from $45.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 28th. Barclays reissued an "underweight" rating and set a $42.00 price target (up from $36.00) on shares of Trex in a research report on Tuesday, July 14th. Stifel Nicolaus set a $49.00 price objective on Trex and gave the company a "hold" rating in a report on Tuesday, August 11th. Finally, Weiss Ratings raised shares of Trex from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Trex presently has an average rating of "Hold" and a consensus price target of $49.30.

Trex Profile

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company's core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex's product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.

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