Swiss National Bank Sells 2,700 Shares of Trex Company, Inc. $TREX

Swiss National Bank cut its position in Trex Company, Inc. (NYSE:TREX) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 204,800 shares of the construction company’s stock after selling 2,700 shares during the quarter. Swiss National Bank owned 0.19% of Trex worth $11,137,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Red Spruce Capital LLC boosted its position in Trex by 276.5% during the 2nd quarter. Red Spruce Capital LLC now owns 56,973 shares of the construction company’s stock worth $3,098,000 after buying an additional 41,841 shares during the period. Voya Investment Management LLC increased its position in Trex by 24.0% in the 1st quarter. Voya Investment Management LLC now owns 395,913 shares of the construction company’s stock valued at $23,003,000 after acquiring an additional 76,562 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in shares of Trex during the second quarter valued at $3,015,000. Envestnet Asset Management Inc. raised its stake in shares of Trex by 4.2% during the second quarter. Envestnet Asset Management Inc. now owns 385,301 shares of the construction company’s stock valued at $20,953,000 after acquiring an additional 15,476 shares during the last quarter. Finally, Pembroke Management LTD lifted its holdings in shares of Trex by 23.7% during the second quarter. Pembroke Management LTD now owns 427,238 shares of the construction company’s stock worth $23,233,000 after purchasing an additional 81,970 shares during the period. 95.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Prithvi Gandhi bought 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were bought at an average price of $31.92 per share, for a total transaction of $478,800.00. Following the transaction, the chief financial officer directly owned 30,664 shares of the company’s stock, valued at approximately $978,794.88. The trade was a 95.76% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.74% of the stock is owned by insiders.

Trex Price Performance

Shares of Trex stock opened at $34.98 on Friday. The stock’s 50-day moving average is $44.23 and its 200 day moving average is $54.51. Trex Company, Inc. has a one year low of $29.77 and a one year high of $80.74. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 2.02 and a beta of 1.49.

Trex (NYSE:TREX) last issued its earnings results on Tuesday, November 4th. The construction company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). The business had revenue of $285.35 million during the quarter, compared to the consensus estimate of $301.74 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 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Trex has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts expect that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TREX. Zacks Research downgraded Trex from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Trex in a research report on Tuesday. Deutsche Bank Aktiengesellschaft downgraded Trex from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a research report on Wednesday, November 5th. Vertical Research cut Trex from a “buy” rating to a “hold” rating and set a $32.00 target price on the stock. in a report on Wednesday, November 5th. Finally, B. Riley reissued a “buy” rating and set a $57.00 target price (down previously from $80.00) on shares of Trex in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $52.53.

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.