XTX Topco Ltd Invests $1.49 Million in Trex Company, Inc. $TREX

XTX Topco Ltd bought a new stake in shares of Trex Company, Inc. (NYSE:TREX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 27,311 shares of the construction company’s stock, valued at approximately $1,485,000.

Other large investors have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. bought a new position in shares of Trex during the 2nd quarter worth approximately $31,000. Parallel Advisors LLC increased its stake in Trex by 28.4% in the second quarter. Parallel Advisors LLC now owns 1,049 shares of the construction company’s stock valued at $57,000 after purchasing an additional 232 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Trex during the 2nd quarter worth about $60,000. Brooklyn Investment Group raised its stake in Trex by 35,733.3% during the 1st quarter. Brooklyn Investment Group now owns 1,075 shares of the construction company’s stock worth $62,000 after buying an additional 1,072 shares during the period. Finally, CWM LLC grew its stake in Trex by 16.8% in 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 period. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex Stock Up 0.1%

Trex stock 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’s 50 day moving average price is $44.23 and its two-hundred day moving average price is $54.51. The stock 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 released its earnings results on Tuesday, November 4th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.06). The business had revenue of $285.35 million during the quarter, compared to the consensus estimate of $301.74 million. Trex had a net margin of 16.53% and a return on equity of 21.27%. The business’s revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 earnings per share. Trex has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts anticipate that Trex Company, Inc. will post 2.04 EPS for the current year.

Analyst Upgrades and Downgrades

TREX has been the topic of a number of recent research reports. Barclays dropped their price objective on shares of Trex from $54.00 to $35.00 and set an “underweight” rating on the stock in a research note on Thursday, November 6th. The Goldman Sachs Group set a $63.00 price objective on Trex and gave the stock a “buy” rating in a report on Wednesday, November 5th. Loop Capital reissued a “hold” rating and issued a $66.00 price objective on shares of Trex in a research note on Tuesday, August 5th. Zacks Research lowered Trex from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Trex in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $52.53.

Insider Buying and Selling at Trex

In related news, CFO Prithvi Gandhi purchased 15,000 shares of Trex stock in a transaction that occurred on Friday, November 14th. The stock was bought at an average price of $31.92 per share, for a total transaction of $478,800.00. Following the completion of the transaction, 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 acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.71% of the company’s stock.

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.