Woodline Partners LP Grows Position in Trex Company, Inc. $TREX

Key Points

• Woodline Partners LP increased its stake in Trex Company, Inc. by 136.5% during the first quarter, now owning 739,052 shares valued at approximately $42.94 million.
• Trex reported earnings of $0.74 EPS for the last quarter, surpassing analysts' expectations and achieving a revenue increase of 3% year-over-year.
• Analysts have mixed ratings on Trex's stock, with a consensus rating of "Moderate Buy" and an average price target of $71.93.

Woodline Partners LP lifted its position in Trex Company, Inc. (NYSE:TREX - Free Report) by 136.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 739,052 shares of the construction company's stock after acquiring an additional 426,561 shares during the period. Woodline Partners LP owned 0.69% of Trex worth $42,939,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its position in Trex by 3.2% during the 1st quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company's stock valued at $320,000 after buying an additional 177 shares in the last quarter. State of Michigan Retirement System increased its position in Trex by 0.8% during the 1st quarter. State of Michigan Retirement System now owns 25,622 shares of the construction company's stock valued at $1,489,000 after buying an additional 200 shares in the last quarter. Stephens Inc. AR increased its position in Trex by 3.7% during the 1st quarter. Stephens Inc. AR now owns 6,530 shares of the construction company's stock valued at $379,000 after buying an additional 236 shares in the last quarter. ProShare Advisors LLC increased its position in Trex by 5.8% during the 4th quarter. ProShare Advisors LLC now owns 5,013 shares of the construction company's stock valued at $346,000 after buying an additional 274 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Trex by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the construction company's stock valued at $1,743,000 after buying an additional 300 shares in the last quarter. Institutional investors own 95.96% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TREX. JPMorgan Chase & Co. reduced their price objective on Trex from $73.00 to $71.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Wall Street Zen raised Trex from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Baird R W raised Trex from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Loop Capital reissued a "hold" rating and issued a $66.00 target price on shares of Trex in a report on Tuesday, August 5th. Finally, B. Riley raised Trex to a "strong-buy" rating in a report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $71.93.

Trex Stock Performance

Shares of TREX stock traded down $1.78 on Friday, reaching $60.49. The stock had a trading volume of 908,637 shares, compared to its average volume of 1,397,973. The stock has a market cap of $6.49 billion, a P/E ratio of 34.97, a price-to-earnings-growth ratio of 2.60 and a beta of 1.51. Trex Company, Inc. has a 1 year low of $49.01 and a 1 year high of $80.74. The company 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 released its quarterly earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. The firm had revenue of $387.80 million for the quarter, compared to the consensus estimate 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 period last year, the business posted $0.80 EPS. Trex has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Amy M. Fernandez sold 1,538 shares of Trex stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $64.18, for a total transaction of $98,708.84. Following the transaction, the senior vice president directly owned 22,953 shares in the company, valued at approximately $1,473,123.54. The trade was a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.71% of the company's stock.

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.