UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $28.22 Million Position in Trex Company, Inc. $TREX

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in Trex Company, Inc. (NYSE:TREX) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 563,931 shares of the construction company’s stock after selling 21,960 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.54% of Trex worth $28,219,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Clearstead Trust LLC acquired a new position in Trex during the fourth quarter worth about $33,000. Versant Capital Management Inc acquired a new stake in shares of Trex in the 2nd quarter valued at approximately $58,000. Ascentis Independent Advisors bought a new stake in shares of Trex during the 1st quarter valued at approximately $44,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Trex during the 4th quarter valued at approximately $47,000. Finally, Empowered Funds LLC acquired a new position in Trex during the 4th quarter worth approximately $50,000. 95.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TREX has been the topic of a number of research reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $56.00 target price (up from $49.00) on shares of Trex in a research note on Friday, July 10th. Zacks Research upgraded Trex from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Weiss Ratings raised Trex from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Zelman & Associates upgraded Trex from a “neutral” rating to an “outperform” rating and set a $50.00 target price for the company in a research report on Monday, May 18th. Finally, Stifel Nicolaus set a $49.00 price target on Trex and gave the company a “hold” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Trex has an average rating of “Hold” and an average target price of $49.30.

Insiders Place Their Bets

In related news, SVP Jacob Rudolph sold 1,400 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $50.00, for a total transaction of $70,000.00. Following the sale, the senior vice president owned 36,631 shares in the company, valued at $1,831,550. This represents a 3.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Amy M. Fernandez sold 1,050 shares of Trex stock in a transaction on Friday, August 7th. The shares were sold at an average price of $50.07, for a total transaction of $52,573.50. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. 0.93% of the stock is owned by company insiders.

Trex Stock Down 0.1%

NYSE TREX opened at $43.67 on Friday. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 3.02 and a beta of 1.47. Trex Company, Inc. has a twelve month low of $29.77 and a twelve month high of $66.06. The stock has a fifty day simple moving average of $46.44 and a 200 day simple moving average of $42.49.

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

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.