Bennett Selby Investments LP Has $3.59 Million Holdings in Trex Company, Inc. $TREX

Bennett Selby Investments LP lifted its position in shares of Trex Company, Inc. (NYSE:TREX) by 8.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,002 shares of the construction company’s stock after purchasing an additional 5,049 shares during the quarter. Trex makes up about 1.3% of Bennett Selby Investments LP’s investment portfolio, making the stock its 16th largest position. Bennett Selby Investments LP’s holdings in Trex were worth $3,589,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Armstrong Advisory Group Inc. acquired a new stake in shares of Trex during the 2nd quarter worth approximately $31,000. Parallel Advisors LLC raised its stake in shares of Trex by 28.4% in the 2nd quarter. Parallel Advisors LLC now owns 1,049 shares of the construction company’s stock valued at $57,000 after buying an additional 232 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of Trex by 35,733.3% in the 1st quarter. Brooklyn Investment Group now owns 1,075 shares of the construction company’s stock valued at $62,000 after buying an additional 1,072 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Trex by 55.9% in the 1st quarter. Blue Trust Inc. now owns 1,138 shares of the construction company’s stock valued at $66,000 after buying an additional 408 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Trex by 41.4% in the 2nd quarter. UMB Bank n.a. now owns 1,168 shares of the construction company’s stock valued at $64,000 after buying an additional 342 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex Stock Up 0.1%

Shares of Trex stock opened at $51.32 on Tuesday. The stock has a market capitalization of $5.50 billion, a P/E ratio of 29.66, a price-to-earnings-growth ratio of 2.14 and a beta of 1.51. The company has a 50-day simple moving average of $61.13 and a 200 day simple moving average of $58.80. Trex Company, Inc. has a 12-month low of $49.01 and a 12-month high of $80.74.

Trex (NYSE:TREX) last announced its earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. Trex had a net margin of 16.53% and a return on equity of 21.27%. The business had revenue of $387.80 million during the quarter, compared to analysts’ expectations of $377.49 million. During the same quarter last year, the company posted $0.80 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Trex has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Analyst Ratings Changes

TREX has been the subject of a number of recent research reports. DA Davidson set a $65.00 price objective on shares of Trex and gave the company a “neutral” rating in a research note on Tuesday, August 5th. B. Riley upgraded shares of Trex to a “strong-buy” rating in a research note on Monday, July 21st. UBS Group restated a “neutral” rating and issued a $74.00 price objective (up previously from $72.00) on shares of Trex in a research note on Tuesday, August 5th. Loop Capital restated a “hold” rating and issued a $66.00 price objective on shares of Trex in a research note on Tuesday, August 5th. Finally, Baird R W upgraded shares of Trex from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Trex presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.93.

Insiders Place Their Bets

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $64.18, for a total value of $98,708.84. Following the completion of the sale, the senior vice president owned 22,953 shares in the company, valued at approximately $1,473,123.54. This trade represents a 6.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.71% of the company’s stock.

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.