Woodline Partners LP Has $42.94 Million Stock 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 stake in Trex Company, Inc. (NYSE:TREX - Free Report) by 136.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 739,052 shares of the construction company's stock after purchasing an additional 426,561 shares during the period. Woodline Partners LP owned 0.69% of Trex worth $42,939,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TREX. GAMMA Investing LLC lifted its stake in Trex by 137.7% in the first quarter. GAMMA Investing LLC now owns 1,666 shares of the construction company's stock valued at $97,000 after buying an additional 965 shares during the period. Teacher Retirement System of Texas bought a new position in shares of Trex during the first quarter worth $911,000. State of Alaska Department of Revenue grew its holdings in shares of Trex by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 12,546 shares of the construction company's stock valued at $728,000 after buying an additional 330 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Trex by 26.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 70,990 shares of the construction company's stock valued at $4,125,000 after buying an additional 14,670 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Trex by 55.9% during the 1st quarter. Blue Trust Inc. now owns 1,138 shares of the construction company's stock worth $66,000 after buying an additional 408 shares during the period. 95.96% of the stock is owned by institutional investors and hedge funds.

Trex Stock Down 2.4%

Shares of TREX opened at $63.02 on Tuesday. Trex Company, Inc. has a twelve month low of $49.01 and a twelve month high of $80.74. The stock has a market capitalization of $6.76 billion, a P/E ratio of 36.43, a P/E/G ratio of 2.70 and a beta of 1.51. The company has a 50 day moving average of $62.73 and a 200-day moving average of $59.10.

Trex (NYSE:TREX - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $377.49 million. During the same quarter in the previous year, the firm posted $0.80 earnings per share. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. Trex has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on TREX shares. Stephens reduced their target price on Trex from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Robert W. Baird upgraded shares of Trex from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $65.00 to $75.00 in a report on Thursday, July 10th. Baird R W raised shares of Trex from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Benchmark reissued a "buy" rating and set a $80.00 price objective on shares of Trex in a research report on Monday, May 12th. Finally, UBS Group restated a "neutral" rating and set a $74.00 price objective (up from $72.00) on shares of Trex in a report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $71.93.

Insider Buying and Selling

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $64.18, for a total transaction of $98,708.84. Following the sale, the senior vice president directly 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 filing with the SEC, which is available through this link. 0.74% of the stock is owned by company insiders.

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.

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