eCIO Inc. Buys New Stake in Trex Company, Inc. $TREX

by · The Cerbat Gem

eCIO Inc. bought a new stake in shares of Trex Company, Inc. (NYSE:TREX – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,330 shares of the construction company’s stock, valued at approximately $77,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Trex by 137.7% during the first quarter. GAMMA Investing LLC now owns 1,666 shares of the construction company’s stock valued at $97,000 after purchasing an additional 965 shares during the period. Teacher Retirement System of Texas bought a new position in Trex in the 1st quarter valued at about $911,000. State of Alaska Department of Revenue grew its position in 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 in the last quarter. Janney Montgomery Scott LLC increased its stake in Trex by 26.0% during 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 during the period. Finally, Blue Trust Inc. raised its position in shares of 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 in the last quarter. Institutional investors own 95.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TREX. Robert W. Baird raised shares of Trex from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $65.00 to $75.00 in a research note on Thursday, July 10th. Baird R W raised Trex from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 10th. Loop Capital restated a “hold” rating and issued a $66.00 target price on shares of Trex in a research report on Tuesday, August 5th. B. Riley upgraded Trex to a “strong-buy” rating in a research report on Monday, July 21st. Finally, Wall Street Zen raised Trex from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $71.93.

Read Our Latest Analysis on Trex

Insider Activity at Trex

In other news, SVP Amy M. Fernandez sold 1,538 shares of the company’s 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 completion of the sale, the senior vice president directly owned 22,953 shares of the company’s stock, valued at $1,473,123.54. This represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.71% of the stock is currently owned by corporate insiders.

Trex Stock Performance

Shares of NYSE:TREX opened at $62.27 on Friday. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 36.00, a PEG ratio of 2.51 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 moving average price of $62.86 and a 200 day moving average price of $59.11.

Trex (NYSE:TREX – Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. The company had revenue of $387.80 million for the quarter, compared to analysts’ expectations of $377.49 million. Trex had a return on equity of 21.27% and a net margin of 16.53%.The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 earnings per share. Trex has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Trex Company Profile

(Free Report)

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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