Louisiana State Employees Retirement System Acquires 200 Shares of Trex Company, Inc. $TREX

Louisiana State Employees Retirement System raised its holdings in Trex Company, Inc. (NYSE:TREX) by 0.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,200 shares of the construction company’s stock after purchasing an additional 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Trex were worth $1,642,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. KLP Kapitalforvaltning AS boosted its holdings in Trex by 6.3% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 22,100 shares of the construction company’s stock valued at $1,202,000 after purchasing an additional 1,300 shares during the period. DAVENPORT & Co LLC lifted its holdings in shares of Trex by 1.4% during the 2nd quarter. DAVENPORT & Co LLC now owns 422,919 shares of the construction company’s stock worth $23,207,000 after acquiring an additional 5,884 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Trex during the 2nd quarter worth approximately $15,060,000. Hilltop National Bank bought a new stake in shares of Trex during the 2nd quarter worth approximately $116,000. Finally, Truist Financial Corp lifted its holdings in shares of Trex by 67.9% during the 2nd quarter. Truist Financial Corp now owns 9,613 shares of the construction company’s stock worth $523,000 after acquiring an additional 3,887 shares during the period. Institutional investors own 95.96% of the company’s stock.

Trex Price Performance

TREX stock opened at $50.25 on Monday. The company has a 50 day simple moving average of $58.55 and a 200 day simple moving average of $58.32. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 29.05, a P/E/G ratio of 2.10 and a beta of 1.49. Trex Company, Inc. has a 1 year low of $49.01 and a 1 year high of $80.74.

Trex (NYSE:TREX) last released 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 business 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 firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 EPS. Trex has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Insider Transactions at Trex

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $1,473,123.54. This represents a 6.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TREX shares. B. Riley raised shares of Trex to a “strong-buy” rating in a report on Monday, July 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Trex in a report on Wednesday, October 8th. Baird R W raised shares of Trex from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 10th. UBS Group reaffirmed a “neutral” rating and set a $74.00 price target (up previously from $72.00) on shares of Trex in a report on Tuesday, August 5th. Finally, Robert W. Baird raised shares of Trex from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $65.00 to $75.00 in a report on Thursday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Trex currently has an average rating of “Moderate Buy” and a consensus price target of $70.87.

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.