Envestnet Portfolio Solutions Inc. Sells 629 Shares of Trex Company, Inc. $TREX

Envestnet Portfolio Solutions Inc. cut its holdings in Trex Company, Inc. (NYSE:TREX) by 5.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,157 shares of the construction company’s stock after selling 629 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Trex were worth $552,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Armstrong Advisory Group Inc. bought a new position in shares of Trex during the second quarter valued at about $31,000. Parallel Advisors LLC raised its stake in shares of Trex by 28.4% during the second quarter. Parallel Advisors LLC now owns 1,049 shares of the construction company’s stock valued at $57,000 after acquiring an additional 232 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of Trex by 35,733.3% during the first quarter. Brooklyn Investment Group now owns 1,075 shares of the construction company’s stock valued at $62,000 after acquiring an additional 1,072 shares during the last quarter. CWM LLC raised its stake in shares of Trex by 16.8% during the second quarter. CWM LLC now owns 1,141 shares of the construction company’s stock valued at $62,000 after acquiring an additional 164 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Trex by 41.4% during the second quarter. UMB Bank n.a. now owns 1,168 shares of the construction company’s stock valued at $64,000 after acquiring an additional 342 shares during the last quarter. 95.96% of the stock is owned by institutional investors.

Insider Activity at Trex

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of Trex stock in a transaction on 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 transaction, the senior vice president directly owned 22,953 shares of the company’s stock, valued at $1,473,123.54. This trade represents a 6.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.74% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TREX has been the topic of a number of recent research reports. Baird R W upgraded shares of Trex from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 10th. Vertical Research initiated coverage on shares of Trex in a report on Monday. They issued a “buy” rating on the stock. Wall Street Zen upgraded shares of Trex from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Loop Capital reiterated a “hold” rating and set a $66.00 price target on shares of Trex in a report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. cut their price target on shares of Trex from $73.00 to $71.00 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $70.71.

Trex Trading Up 2.0%

TREX opened at $51.28 on Wednesday. Trex Company, Inc. has a 1-year low of $49.01 and a 1-year high of $80.74. The company has a market capitalization of $5.50 billion, a PE ratio of 29.64, a PEG ratio of 2.10 and a beta of 1.49. The firm’s 50 day simple moving average is $57.11 and its two-hundred day simple moving average is $58.03.

Trex (NYSE:TREX) last announced its quarterly earnings data 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. The firm had revenue of $387.80 million during the quarter, compared to analysts’ expectations of $377.49 million. Trex had a net margin of 16.53% and a return on equity of 21.27%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 earnings per share. Trex has set its Q3 2025 guidance at EPS. Equities analysts forecast that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Trex 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.