Trex Company, Inc. $TREX Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lessened its stake in shares of Trex Company, Inc. (NYSE:TREX) by 26.1% in the second quarter, HoldingsChannel reports. The firm owned 4,828 shares of the construction company’s stock after selling 1,703 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Trex were worth $263,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TREX. CWM LLC grew its holdings in shares of Trex by 16.8% during the second quarter. CWM LLC now owns 1,141 shares of the construction company’s stock worth $62,000 after buying an additional 164 shares in the last quarter. AQR Capital Management LLC grew its stake in Trex by 3.2% in the 1st quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock worth $320,000 after acquiring an additional 177 shares during the period. ProShare Advisors LLC raised its holdings in Trex by 4.1% in the 2nd quarter. ProShare Advisors LLC now owns 4,754 shares of the construction company’s stock valued at $259,000 after acquiring an additional 189 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Trex by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the construction company’s stock worth $1,642,000 after purchasing an additional 200 shares during the period. Finally, State of Michigan Retirement System boosted its holdings in shares of Trex by 0.8% during 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 during the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Stifel Nicolaus reiterated a “hold” rating and issued a $35.00 target price (down from $61.00) on shares of Trex in a research note on Monday, November 10th. Zelman & Associates lowered shares of Trex from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 5th. Vertical Research cut shares of Trex from a “buy” rating to a “hold” rating and set a $32.00 target price on the stock. in a research report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft downgraded shares of Trex from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a research note on Wednesday, November 5th. Finally, Barclays lowered their price objective on shares of Trex from $54.00 to $35.00 and set an “underweight” rating for the company in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $52.53.

Trex Stock Up 0.1%

TREX opened at $34.98 on Friday. Trex Company, Inc. has a 52-week low of $29.77 and a 52-week high of $80.74. The company has a 50 day moving average of $44.23 and a two-hundred day moving average of $54.46. The company has a market cap of $3.75 billion, a P/E ratio of 20.22, a P/E/G ratio of 2.02 and a beta of 1.49.

Trex (NYSE:TREX) last posted its earnings results on Tuesday, November 4th. The construction company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.06). Trex had a net margin of 16.53% and a return on equity of 21.27%. The business had revenue of $285.35 million for the quarter, compared to analyst estimates of $301.74 million. During the same quarter in the previous year, the firm posted $0.37 EPS. The business’s revenue 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 anticipate that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Insider Buying and Selling at Trex

In related news, CFO Prithvi Gandhi bought 15,000 shares of the stock in a transaction dated Friday, November 14th. The stock was acquired at an average price of $31.92 per share, for a total transaction of $478,800.00. Following the completion of the purchase, the chief financial officer owned 30,664 shares in the company, valued at $978,794.88. This represents a 95.76% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.71% of the stock is owned by insiders.

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.