Trillium Asset Management LLC Purchases New Shares in Trex Company, Inc. $TREX

Trillium Asset Management LLC purchased a new position in shares of Trex Company, Inc. (NYSE:TREX) in the second quarter, HoldingsChannel.com reports. The firm purchased 78,502 shares of the construction company’s stock, valued at approximately $3,928,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Clearstead Trust LLC purchased a new stake in shares of Trex in the fourth quarter valued at about $33,000. Ascentis Independent Advisors purchased a new position in shares of Trex during the first quarter worth about $44,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of Trex during the fourth quarter worth about $47,000. Empowered Funds LLC acquired a new position in Trex in the 4th quarter valued at about $50,000. Finally, Versant Capital Management Inc acquired a new position in Trex in the 2nd quarter valued at about $58,000. 95.96% of the stock is owned by hedge funds and other institutional investors.

Trex Price Performance

NYSE TREX opened at $47.27 on Friday. The business has a 50 day moving average price of $46.70 and a 200 day moving average price of $42.33. The company has a market capitalization of $4.91 billion, a P/E ratio of 28.14, a PEG ratio of 3.33 and a beta of 1.48. Trex Company, Inc. has a 1-year low of $29.77 and a 1-year high of $66.06.

Trex (NYSE:TREX) last announced its quarterly 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). Trex had a net margin of 14.68% and a return on equity of 18.03%. The business had revenue of $418.02 million during the quarter, compared to analysts’ expectations of $415.71 million. During the same period last year, the company earned $0.71 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, research analysts expect that Trex Company, Inc. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TREX shares. Wall Street Zen upgraded Trex from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $51.00 price objective (up from $41.00) on shares of Trex in a research report on Tuesday, July 14th. BMO Capital Markets set a $57.00 price objective on shares of Trex in a research note on Wednesday, August 5th. Weiss Ratings downgraded shares of Trex from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Finally, DA Davidson restated a “buy” rating and issued a $55.00 target price on shares of Trex in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $49.30.

Insider Buying and Selling

In other news, SVP Jacob T. Rudolph sold 1,400 shares of the 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 transaction, the senior vice president directly 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 legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Amy M. Fernandez sold 1,050 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $50.07, for a total transaction of $52,573.50. Following the transaction, the senior vice president directly owned 67,794 shares in the company, valued at approximately $3,394,445.58. This represents a 1.53% decrease in their position. The SEC filing for this sale provides additional information. 0.93% of the stock is currently owned by company insiders.

Trex Company Profile

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.