SG Americas Securities LLC Has $4.43 Million Stock Position in Trex Company, Inc. $TREX

SG Americas Securities LLC grew its position in Trex Company, Inc. (NYSE:TREX) by 17.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 121,784 shares of the construction company’s stock after acquiring an additional 18,181 shares during the quarter. SG Americas Securities LLC owned 0.12% of Trex worth $4,435,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in Trex during the fourth quarter worth $27,000. Clearstead Trust LLC bought a new position in shares of Trex during the 4th quarter worth about $33,000. Eurizon Capital SGR S.p.A. bought a new position in shares of Trex during the 4th quarter worth about $47,000. Empowered Funds LLC acquired a new stake in shares of Trex during the 4th quarter valued at about $50,000. Finally, Covestor Ltd boosted its position in shares of Trex by 1,365.4% during the 4th quarter. Covestor Ltd now owns 1,905 shares of the construction company’s stock valued at $67,000 after acquiring an additional 1,775 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex Stock Up 0.0%

Trex stock opened at $49.73 on Tuesday. The stock has a 50-day simple moving average of $42.21 and a 200 day simple moving average of $40.21. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 27.78, a P/E/G ratio of 10.10 and a beta of 1.51. Trex Company, Inc. has a 12-month low of $29.77 and a 12-month high of $68.78.

Trex (NYSE:TREX) last posted its quarterly earnings data on Thursday, May 7th. The construction company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.08. Trex had a net margin of 16.25% and a return on equity of 19.66%. The firm had revenue of $343.40 million during the quarter, compared to analysts’ expectations of $339.99 million. During the same quarter last year, the company posted $0.60 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Trex Company, Inc. will post 1.68 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Citigroup reissued a “neutral” rating and issued a $43.00 price target (down from $46.00) on shares of Trex in a research report on Monday, May 11th. DA Davidson reaffirmed a “buy” rating and set a $51.00 price objective on shares of Trex in a report on Friday, June 5th. Stifel Nicolaus upped their price objective on Trex from $40.00 to $44.00 and gave the company a “hold” rating in a research note on Monday, May 11th. Weiss Ratings raised Trex from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Finally, Truist Financial set a $55.00 target price on Trex and gave the stock a “buy” rating in a research report on Monday, June 22nd. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $46.68.

Insider Transactions at Trex

In other Trex news, SVP Jacob T. Rudolph sold 1,400 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $50.00, for a total value of $70,000.00. Following the transaction, the senior vice president directly owned 36,631 shares in the company, valued at approximately $1,831,550. This trade represents a 3.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.93% of the company’s stock.

Trex 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.