EFG International AG Makes New Investment in Trex Company, Inc. $TREX

EFG International AG acquired a new stake in shares of Trex Company, Inc. (NYSE:TREX) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 143,826 shares of the construction company’s stock, valued at approximately $7,197,000. EFG International AG owned about 0.14% of Trex at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TREX. AQR Capital Management LLC raised its stake in Trex by 3.2% in 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. Benjamin Edwards Inc. grew its stake in shares of Trex by 1.9% during the second quarter. Benjamin Edwards Inc. now owns 11,240 shares of the construction company’s stock worth $611,000 after acquiring an additional 214 shares during the last quarter. Pinnacle Associates Ltd. grew its stake in shares of Trex by 0.7% during the fourth quarter. Pinnacle Associates Ltd. now owns 40,285 shares of the construction company’s stock worth $1,413,000 after acquiring an additional 285 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Trex by 6.3% during the second quarter. Hsbc Holdings PLC now owns 5,403 shares of the construction company’s stock valued at $294,000 after acquiring an additional 322 shares in the last quarter. Finally, Nicolet Advisory Services LLC increased its holdings in shares of Trex by 5.4% during the third quarter. Nicolet Advisory Services LLC now owns 9,276 shares of the construction company’s stock valued at $488,000 after acquiring an additional 478 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $51.00 target price (up from $41.00) on shares of Trex in a research note on Tuesday, July 14th. Zacks Research raised shares of Trex from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Barclays reiterated an “underweight” rating and set a $42.00 price objective (up from $36.00) on shares of Trex in a research note on Tuesday, July 14th. Weiss Ratings downgraded Trex from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 18th. Finally, Stifel Nicolaus set a $49.00 price target on Trex and gave the stock a “hold” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Trex has an average rating of “Hold” and an average target price of $49.30.

Insider Transactions at Trex

In other news, SVP Jacob T. Rudolph sold 1,400 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $50.00, for a total value of $70,000.00. Following the completion of the transaction, the senior vice president owned 36,631 shares of the company’s stock, valued at $1,831,550. The trade was a 3.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Amy M. Fernandez sold 1,050 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $50.07, for a total value of $52,573.50. Following the completion of the sale, the senior vice president owned 67,794 shares in the company, valued at $3,394,445.58. The trade was a 1.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.93% of the company’s stock.

Trex Price Performance

NYSE:TREX opened at $46.93 on Wednesday. The company’s fifty day moving average price is $46.74 and its 200-day moving average price is $42.42. Trex Company, Inc. has a 1-year low of $29.77 and a 1-year high of $66.06. The firm has a market capitalization of $4.88 billion, a P/E ratio of 27.93, a PEG ratio of 3.26 and a beta of 1.48.

Trex (NYSE:TREX) last posted its earnings results on Tuesday, August 4th. The construction company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.01). Trex had a net margin of 14.68% and a return on equity of 18.03%. The business had revenue of $418.02 million for the quarter, compared to analyst estimates of $415.71 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities analysts anticipate that Trex Company, Inc. will post 1.76 EPS for the current fiscal year.

About Trex

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company’s core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex’s product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.