WCM Investment Management LLC Boosts Stake in Trex Company, Inc. $TREX

WCM Investment Management LLC lifted its holdings in Trex Company, Inc. (NYSE:TREX) by 11.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,741 shares of the construction company’s stock after buying an additional 505 shares during the period. WCM Investment Management LLC’s holdings in Trex were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. CWM LLC increased its position 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. AQR Capital Management LLC increased its position in shares of Trex by 3.2% during the first quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock valued at $320,000 after acquiring an additional 177 shares during the last quarter. State of Michigan Retirement System increased its position in shares of Trex by 0.8% during the first quarter. State of Michigan Retirement System now owns 25,622 shares of the construction company’s stock valued at $1,489,000 after acquiring an additional 200 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Trex by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the construction company’s stock valued at $1,642,000 after acquiring an additional 200 shares during the last quarter. Finally, Parallel Advisors LLC increased its position 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. 95.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on TREX. JPMorgan Chase & Co. dropped their price objective on shares of Trex from $73.00 to $71.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Loop Capital restated a “hold” rating and issued a $66.00 price objective on shares of Trex in a report on Tuesday, August 5th. Wall Street Zen upgraded shares of Trex from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Trex in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group dropped their price objective on shares of Trex from $83.00 to $73.00 and set a “buy” rating for the company in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.00.

Trex Stock Down 2.8%

NYSE TREX opened at $50.99 on Friday. Trex Company, Inc. has a 52 week low of $49.01 and a 52 week high of $80.74. The stock has a market capitalization of $5.47 billion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 2.18 and a beta of 1.49. The firm has a 50 day moving average of $57.65 and a two-hundred day moving average of $58.16.

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

Insider Buying and Selling at Trex

In other news, SVP Amy M. Fernandez sold 1,538 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $64.18, for a total transaction of $98,708.84. Following the sale, the senior vice president owned 22,953 shares of the company’s stock, valued at approximately $1,473,123.54. This trade represents a 6.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.71% of the company’s stock.

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.