Trex Company, Inc. $TREX Position Trimmed by Trillium Asset Management LLC

Trillium Asset Management LLC trimmed its stake in Trex Company, Inc. (NYSE:TREX) by 3.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 213,928 shares of the construction company’s stock after selling 6,818 shares during the quarter. Trillium Asset Management LLC owned 0.20% of Trex worth $11,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Bank of Montreal Can lifted its position in shares of Trex by 331.5% in the second quarter. Bank of Montreal Can now owns 66,733 shares of the construction company’s stock worth $3,629,000 after purchasing an additional 51,269 shares in the last quarter. Montanaro Asset Management Ltd lifted its position in shares of Trex by 2.6% in the second quarter. Montanaro Asset Management Ltd now owns 300,462 shares of the construction company’s stock worth $16,339,000 after purchasing an additional 7,662 shares in the last quarter. State of Michigan Retirement System lifted its position in shares of Trex by 0.8% in the second quarter. State of Michigan Retirement System now owns 25,822 shares of the construction company’s stock worth $1,404,000 after purchasing an additional 200 shares in the last quarter. Geneva Capital Management LLC lifted its position in shares of Trex by 7.6% in 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 in the last quarter. Finally, Retirement Systems of Alabama lifted its position in shares of Trex by 0.5% in the second quarter. Retirement Systems of Alabama now owns 131,057 shares of the construction company’s stock worth $7,127,000 after purchasing an additional 650 shares in the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Baird R W raised shares of Trex from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Trex in a research report on Wednesday, October 8th. 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. UBS Group reaffirmed a “neutral” rating and set a $74.00 price objective (up previously from $72.00) on shares of Trex in a research report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Trex from $73.00 to $71.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.71.

Trex Stock Down 1.9%

NYSE:TREX opened at $47.04 on Wednesday. Trex Company, Inc. has a 12 month low of $46.31 and a 12 month high of $80.74. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 27.19, a P/E/G ratio of 2.02 and a beta of 1.49. The company’s 50 day moving average is $54.16 and its 200-day moving average is $57.68.

Trex (NYSE:TREX) last released its quarterly earnings results on Tuesday, November 4th. The construction company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). Trex had a net margin of 16.53% and a return on equity of 21.27%. The firm had revenue of $285.35 million during the quarter, compared to the consensus estimate of $301.74 million. During the same period in the prior year, the business earned $0.37 EPS. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. Trex has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts predict that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

About Trex

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.