Sequoia Financial Advisors LLC Purchases New Position in Trex Company, Inc. $TREX

Sequoia Financial Advisors LLC purchased a new stake in shares of Trex Company, Inc. (NYSE:TREX) during the second quarter, HoldingsChannel.com reports. The firm purchased 3,999 shares of the construction company’s stock, valued at approximately $217,000.

Other hedge funds also recently bought and sold shares of the company. Armstrong Advisory Group Inc. purchased a new position in Trex during the 2nd quarter valued at about $31,000. Parallel Advisors LLC boosted its position in Trex by 28.4% during the 2nd 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 in the last quarter. Brooklyn Investment Group boosted its position in Trex by 35,733.3% during the 1st 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 in the last quarter. CWM LLC boosted its position in Trex by 16.8% during the 2nd quarter. CWM LLC now owns 1,141 shares of the construction company’s stock valued at $62,000 after acquiring an additional 164 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in Trex by 41.4% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Wall Street Analysts Forecast Growth

TREX has been the topic of several research reports. Robert W. Baird raised Trex from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $65.00 to $75.00 in a research report on Thursday, July 10th. B. Riley raised Trex to a “strong-buy” rating in a research report on Monday, July 21st. Zelman & Associates cut their price objective on Trex from $74.00 to $66.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Trex in a research report on Wednesday, October 8th. Finally, DA Davidson set a $60.00 price objective on Trex and gave the company a “neutral” rating in a research report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.71.

Insider Transactions at Trex

In related news, SVP Amy M. Fernandez sold 1,538 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $64.18, for a total value of $98,708.84. Following the transaction, the senior vice president directly owned 22,953 shares of the company’s stock, valued at approximately $1,473,123.54. This 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. Company insiders own 0.71% of the company’s stock.

Trex Stock Down 2.7%

Shares of TREX opened at $49.16 on Friday. The business’s 50 day moving average price is $56.48 and its 200-day moving average price is $57.95. Trex Company, Inc. has a 52 week low of $48.48 and a 52 week high of $80.74. The stock has a market cap of $5.27 billion, a P/E ratio of 28.41, a P/E/G ratio of 2.10 and a beta of 1.49.

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