Fox Run Management L.L.C. Buys Shares of 18,152 Trex Company, Inc. $TREX

Fox Run Management L.L.C. purchased a new position in shares of Trex Company, Inc. (NYSE:TREX) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 18,152 shares of the construction company’s stock, valued at approximately $987,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in Trex by 132.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,297,863 shares of the construction company’s stock valued at $424,007,000 after acquiring an additional 4,163,014 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Trex by 66.1% in the 1st quarter. American Century Companies Inc. now owns 1,972,125 shares of the construction company’s stock valued at $114,580,000 after purchasing an additional 784,820 shares during the period. Madison Asset Management LLC bought a new position in shares of Trex in the 1st quarter worth $109,852,000. Geneva Capital Management LLC grew its stake in shares of Trex by 7.6% during the second quarter. Geneva Capital Management LLC now owns 1,722,606 shares of the construction company’s stock worth $93,675,000 after purchasing an additional 121,722 shares during the period. Finally, Invesco Ltd. increased its holdings in Trex by 2.7% in the first quarter. Invesco Ltd. now owns 1,154,134 shares of the construction company’s stock valued at $67,055,000 after purchasing an additional 30,861 shares during the last quarter. 95.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. William Blair cut Trex from an “outperform” rating to a “market perform” rating in a report on Wednesday. Vertical Research cut shares of Trex from a “buy” rating to a “hold” rating and set a $32.00 price objective for the company. in a report on Wednesday. Benchmark lowered their target price on shares of Trex from $80.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday. Truist Financial reduced their price target on shares of Trex from $75.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Stifel Nicolaus set a $61.00 price objective on shares of Trex and gave the company a “buy” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Trex presently has an average rating of “Hold” and a consensus target price of $53.89.

Trex Stock Up 3.2%

Trex stock opened at $32.93 on Friday. Trex Company, Inc. has a twelve month low of $31.21 and a twelve month high of $80.74. The company has a 50 day moving average of $52.35 and a 200-day moving average of $57.20. The stock has a market capitalization of $3.53 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 2.02 and a beta of 1.49.

Trex (NYSE:TREX) last announced 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 company had revenue of $285.35 million during the quarter, compared to analyst estimates of $301.74 million. Trex had a return on equity of 21.27% and a net margin of 16.53%.Trex’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 earnings per share. Trex has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts anticipate that Trex Company, Inc. will post 2.04 EPS 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.