63,470 Shares in Trex Company, Inc. $TREX Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in shares of Trex Company, Inc. (NYSE:TREX) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 63,470 shares of the construction company’s stock, valued at approximately $3,176,000. Public Employees Retirement System of Ohio owned 0.06% of Trex as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of TREX. Proficio Capital Partners LLC bought a new position in shares of Trex during the second quarter worth $300,000. Corient Private Wealth LP bought a new stake in shares of Trex in the 2nd quarter valued at $2,749,000. Bank of America Corp DE bought a new stake in shares of Trex in the 2nd quarter valued at $94,851,000. Windsor Advisory Group LLC acquired a new stake in Trex during the 2nd quarter worth $619,000. Finally, Freestone Grove Partners LP bought a new position in Trex during the second quarter worth about $36,197,000. Institutional investors own 95.96% of the company’s stock.

Insider Buying and Selling at Trex

In other Trex news, SVP Amy M. Fernandez sold 1,050 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $50.07, for a total value of $52,573.50. Following the completion of the sale, the senior vice president owned 67,794 shares in the company, valued at $3,394,445.58. This trade represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jacob T. Rudolph sold 1,400 shares of Trex stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $50.00, for a total transaction of $70,000.00. Following the completion of the transaction, the senior vice president directly owned 36,631 shares of the company’s stock, valued at approximately $1,831,550. This trade represents a 3.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.93% of the stock is currently owned by company insiders.

Trex Stock Performance

NYSE:TREX opened at $45.63 on Friday. The stock’s 50-day simple moving average is $46.35 and its 200 day simple moving average is $42.52. The company has a market cap of $4.74 billion, a P/E ratio of 27.16, a P/E/G ratio of 3.02 and a beta of 1.47. Trex Company, Inc. has a 52-week low of $29.77 and a 52-week high of $66.06.

Trex (NYSE:TREX) last released its earnings results on Tuesday, August 4th. The construction company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.01). The company had revenue of $418.02 million for the quarter, compared to the consensus estimate of $415.71 million. Trex had a return on equity of 18.03% and a net margin of 14.68%.The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.71 EPS. As a group, equities analysts predict that Trex Company, Inc. will post 1.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TREX has been the subject of a number of research analyst reports. Bank of America boosted their target price on Trex from $42.00 to $44.00 and gave the company an “underperform” rating in a research note on Tuesday, July 14th. Wall Street Zen upgraded Trex from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. UBS Group reissued a “buy” rating and set a $61.00 target price (up from $59.00) on shares of Trex in a research note on Tuesday, July 14th. Stephens raised their target price on shares of Trex from $45.00 to $50.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. Finally, Zelman & Associates raised shares of Trex from a “neutral” rating to an “outperform” rating and set a $50.00 price target on the stock in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $49.30.

About Trex

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.