Junto Capital Management LP Takes $20.07 Million Position in Trex Company, Inc. $TREX

by · The Cerbat Gem

Junto Capital Management LP bought a new position in shares of Trex Company, Inc. (NYSE:TREX – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 401,159 shares of the construction company’s stock, valued at approximately $20,074,000.

Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC increased its holdings in Trex by 3.2% in the 1st quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock worth $320,000 after buying an additional 177 shares during the period. Benjamin Edwards Inc. lifted its stake in Trex by 1.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 11,240 shares of the construction company’s stock valued at $611,000 after acquiring an additional 214 shares during the period. Pinnacle Associates Ltd. boosted its holdings in shares of Trex by 0.7% in the 4th quarter. Pinnacle Associates Ltd. now owns 40,285 shares of the construction company’s stock valued at $1,413,000 after acquiring an additional 285 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Trex by 6.3% in the 2nd quarter. Hsbc Holdings PLC now owns 5,403 shares of the construction company’s stock valued at $294,000 after acquiring an additional 322 shares during the last quarter. Finally, Nicolet Advisory Services LLC increased its stake in shares of Trex by 5.4% in the third quarter. Nicolet Advisory Services LLC now owns 9,276 shares of the construction company’s stock worth $488,000 after acquiring an additional 478 shares during the period. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Trex Stock Performance

TREX stock opened at $45.50 on Thursday. The firm has a market cap of $4.73 billion, a PE ratio of 27.09, a P/E/G ratio of 3.16 and a beta of 1.47. The firm’s fifty day moving average is $46.12 and its 200 day moving average is $42.59. Trex Company, Inc. has a one year low of $29.77 and a one year high of $62.45.

Trex (NYSE:TREX – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The construction company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.01). Trex had a return on equity of 18.03% and a net margin of 14.68%.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 company posted $0.71 EPS. The company’s revenue was up 7.8% on a year-over-year basis. Research analysts predict that Trex Company, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

TREX has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $51.00 target price (up from $41.00) on shares of Trex in a report on Tuesday, July 14th. Wall Street Zen raised Trex from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Barclays reiterated an “underweight” rating and set a $42.00 price objective (up from $36.00) on shares of Trex in a research note on Tuesday, July 14th. Weiss Ratings raised Trex from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Finally, Truist Financial raised their target price on Trex from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $49.30.

Read Our Latest Research Report on Trex

Insider Buying and Selling

In other Trex news, SVP Amy M. Fernandez sold 1,050 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president directly owned 67,794 shares of the company’s stock, valued at approximately $3,394,445.58. This trade represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jacob Rudolph sold 1,400 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.93% of the company’s stock.

About Trex

(Free Report)

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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