Louisiana State Employees Retirement System Has $1.64 Million Stock Position in Trex Company, Inc. $TREX

Louisiana State Employees Retirement System raised its holdings in Trex Company, Inc. (NYSE:TREX) by 0.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 30,200 shares of the construction company’s stock after acquiring 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.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TREX. Price T Rowe Associates Inc. MD increased its position in Trex by 132.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,297,863 shares of the construction company’s stock valued at $424,007,000 after acquiring an additional 4,163,014 shares during the period. Madison Asset Management LLC acquired a new stake in shares of Trex during the first quarter worth $109,852,000. American Century Companies Inc. increased its position in shares of Trex by 66.1% during the first quarter. American Century Companies Inc. now owns 1,972,125 shares of the construction company’s stock worth $114,580,000 after buying an additional 784,820 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Trex during the first quarter worth $39,646,000. Finally, Natixis Advisors LLC increased its position in shares of Trex by 1,286.3% during the first quarter. Natixis Advisors LLC now owns 707,843 shares of the construction company’s stock worth $41,126,000 after buying an additional 656,783 shares during the period. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Trex

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of the firm’s stock in a transaction 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 transaction, the senior vice president directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.74% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on TREX. Stifel Nicolaus set a $61.00 price objective on shares of Trex and gave the stock a “buy” rating in a research report on Wednesday. Loop Capital reiterated a “hold” rating and set a $66.00 price objective on shares of Trex in a research report on Tuesday, August 5th. DA Davidson set a $60.00 price objective on shares of Trex and gave the stock a “neutral” rating in a research report on Thursday. UBS Group reiterated a “neutral” rating and set a $74.00 price objective (up from $72.00) on shares of Trex in a research report on Tuesday, August 5th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Trex in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.87.

Trex Stock Down 4.3%

Shares of NYSE TREX opened at $50.25 on Monday. The firm has a market cap of $5.39 billion, a PE ratio of 29.05, a P/E/G ratio of 2.10 and a beta of 1.49. Trex Company, Inc. has a 12-month low of $49.01 and a 12-month high of $80.74. The company’s fifty day simple moving average is $58.55 and its 200 day simple moving average is $58.32.

Trex (NYSE:TREX) last issued its earnings results 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. Trex had a net margin of 16.53% and a return on equity of 21.27%. The business had revenue of $387.80 million for the quarter, compared to analyst estimates of $377.49 million. During the same period in the prior year, the firm earned $0.80 earnings per share. Trex’s revenue was up 3.0% on a year-over-year basis. Trex has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Trex Profile

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.