Callan Family Office LLC Raises Position in Trex Company, Inc. $TREX

Callan Family Office LLC grew its holdings in Trex Company, Inc. (NYSE:TREX) by 60.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,166 shares of the construction company’s stock after purchasing an additional 2,329 shares during the quarter. Callan Family Office LLC’s holdings in Trex were worth $335,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. AQR Capital Management LLC increased its holdings in Trex by 3.2% in the 1st quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock valued at $320,000 after purchasing an additional 177 shares during the last quarter. State of Michigan Retirement System increased its holdings in Trex by 0.8% in the 1st quarter. State of Michigan Retirement System now owns 25,622 shares of the construction company’s stock valued at $1,489,000 after purchasing an additional 200 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in Trex by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the construction company’s stock valued at $1,642,000 after purchasing an additional 200 shares during the last quarter. Parallel Advisors LLC increased its holdings in 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 purchasing an additional 232 shares during the last quarter. Finally, Stephens Inc. AR increased its holdings in Trex by 3.7% in the 1st quarter. Stephens Inc. AR now owns 6,530 shares of the construction company’s stock valued at $379,000 after purchasing an additional 236 shares during the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other 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 transaction of $98,708.84. Following the completion of the sale, the senior vice president directly owned 22,953 shares of the company’s stock, valued at approximately $1,473,123.54. The trade was a 6.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on TREX shares. The Goldman Sachs Group dropped their target price on shares of Trex from $83.00 to $73.00 and set a “buy” rating for the company in a report on Monday. JPMorgan Chase & Co. dropped their price target on shares of Trex from $73.00 to $71.00 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. UBS Group restated a “neutral” rating and issued a $74.00 price target (up previously from $72.00) on shares of Trex in a research note on Tuesday, August 5th. Baird R W upgraded shares of Trex from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 10th. Finally, Loop Capital restated a “hold” rating and issued a $66.00 price target on shares of Trex in a research note on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.00.

Trex Trading Down 1.2%

Trex stock opened at $52.52 on Thursday. The stock has a market cap of $5.63 billion, a P/E ratio of 30.36, a price-to-earnings-growth ratio of 2.21 and a beta of 1.49. The company has a fifty day simple moving average of $57.86 and a 200-day simple moving average of $58.20. Trex Company, Inc. has a 12-month low of $49.01 and a 12-month 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 the consensus estimate 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 company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 EPS. Trex has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

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.