Prithvi Gandhi Buys 15,000 Shares of Trex (NYSE:TREX) Stock

Trex Company, Inc. (NYSE:TREX) CFO Prithvi Gandhi acquired 15,000 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was acquired at an average cost of $31.92 per share, for a total transaction of $478,800.00. Following the transaction, the chief financial officer owned 30,664 shares of the company’s stock, valued at $978,794.88. This represents a 95.76% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Trex Trading Down 1.0%

Trex stock opened at $31.01 on Wednesday. Trex Company, Inc. has a 1-year low of $30.40 and a 1-year high of $80.74. The company has a fifty day simple moving average of $48.21 and a 200 day simple moving average of $55.91. The company has a market cap of $3.33 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 2.02 and a beta of 1.49.

Trex (NYSE:TREX) last posted its quarterly earnings data on Tuesday, November 4th. The construction company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). The business had revenue of $285.35 million for the quarter, compared to analyst estimates of $301.74 million. Trex had a return on equity of 21.27% and a net margin of 16.53%.The company’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter 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 research analysts forecast that Trex Company, Inc. will post 2.04 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on TREX. UBS Group lowered their price target on Trex from $74.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Benchmark lowered their target price on shares of Trex from $80.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. DA Davidson set a $45.00 price target on shares of Trex and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Vertical Research lowered shares of Trex from a “buy” rating to a “hold” rating and set a $32.00 price objective on the stock. in a research note on Wednesday, November 5th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $35.00 target price (down from $61.00) on shares of Trex in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $52.53.

Hedge Funds Weigh In On Trex

Several large investors have recently modified their holdings of the stock. CWM LLC increased its stake 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 purchasing an additional 164 shares in the last quarter. AQR Capital Management LLC grew its holdings 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 buying an additional 177 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Trex by 4.1% during the second quarter. ProShare Advisors LLC now owns 4,754 shares of the construction company’s stock worth $259,000 after acquiring an additional 189 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Trex by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the construction company’s stock worth $1,642,000 after acquiring an additional 200 shares during the last quarter. Finally, State of Michigan Retirement System lifted its position in Trex by 0.8% in the 2nd quarter. State of Michigan Retirement System now owns 25,822 shares of the construction company’s stock valued at $1,404,000 after acquiring an additional 200 shares in the last quarter. 95.96% of the stock is owned by institutional investors.

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.