Yousif Capital Management LLC Sells 740 Shares of Trex Company, Inc. $TREX

Yousif Capital Management LLC lowered its stake in Trex Company, Inc. (NYSE:TREX) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,291 shares of the construction company’s stock after selling 740 shares during the period. Yousif Capital Management LLC’s holdings in Trex were worth $1,974,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. acquired a new stake in Trex in the second quarter valued at approximately $31,000. Parallel Advisors LLC boosted its position in Trex by 28.4% in the second quarter. Parallel Advisors LLC now owns 1,049 shares of the construction company’s stock valued at $57,000 after buying an additional 232 shares in the last quarter. Brooklyn Investment Group boosted its position in Trex by 35,733.3% in the first quarter. Brooklyn Investment Group now owns 1,075 shares of the construction company’s stock valued at $62,000 after buying an additional 1,072 shares in the last quarter. CWM LLC boosted its position in Trex by 16.8% in the second quarter. CWM LLC now owns 1,141 shares of the construction company’s stock valued at $62,000 after buying an additional 164 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in Trex by 41.4% in the second quarter. UMB Bank n.a. now owns 1,168 shares of the construction company’s stock valued at $64,000 after buying an additional 342 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

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 shares were sold at an average price of $64.18, for a total transaction of $98,708.84. Following the completion of the transaction, the senior vice president owned 22,953 shares of the company’s stock, valued at $1,473,123.54. This trade represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.71% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TREX. Zelman & Associates cut their target price on shares of Trex from $74.00 to $66.00 and set an “outperform” rating on the stock in a research report on Friday. Robert W. Baird raised shares of Trex from a “neutral” rating to an “outperform” rating and raised their price target for the company from $65.00 to $75.00 in a research note on Thursday, July 10th. Stifel Nicolaus set a $61.00 price target on shares of Trex and gave the company a “buy” rating in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Trex from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Finally, Wall Street Zen raised shares of Trex from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $70.71.

Trex Stock Down 0.2%

Shares of NYSE TREX opened at $50.89 on Friday. Trex Company, Inc. has a twelve month low of $49.01 and a twelve month high of $80.74. The firm has a fifty day simple moving average of $57.47 and a 200 day simple moving average of $58.09. The company has a market capitalization of $5.46 billion, a PE ratio of 29.41, a P/E/G ratio of 2.11 and a beta of 1.49.

Trex (NYSE:TREX) last announced its earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share 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 during the quarter, compared to the consensus estimate of $377.49 million. During the same quarter last year, the firm earned $0.80 earnings per share. Trex’s quarterly revenue was up 3.0% on a year-over-year basis. Trex has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Trex Company 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.