Envestnet Portfolio Solutions Inc. Sells 629 Shares of Trex Company, Inc. $TREX

Envestnet Portfolio Solutions Inc. lowered its position in Trex Company, Inc. (NYSE:TREX) by 5.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,157 shares of the construction company’s stock after selling 629 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Trex were worth $552,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Armstrong Advisory Group Inc. purchased a new stake in Trex during the 2nd quarter worth approximately $31,000. Parallel Advisors LLC lifted its stake in Trex by 28.4% during the 2nd 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 period. Brooklyn Investment Group lifted its stake in Trex by 35,733.3% during the 1st quarter. Brooklyn Investment Group now owns 1,075 shares of the construction company’s stock valued at $62,000 after acquiring an additional 1,072 shares during the period. CWM LLC lifted 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 acquiring an additional 164 shares during the period. Finally, UMB Bank n.a. lifted its stake in Trex by 41.4% during the 2nd quarter. UMB Bank n.a. now owns 1,168 shares of the construction company’s stock valued at $64,000 after acquiring an additional 342 shares during the period. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Trex Trading Up 2.0%

Shares of TREX opened at $51.28 on Wednesday. Trex Company, Inc. has a 12-month low of $49.01 and a 12-month high of $80.74. The firm has a 50-day moving average price of $57.11 and a 200 day moving average price of $58.03. The firm has a market capitalization of $5.50 billion, a P/E ratio of 29.64, a P/E/G ratio of 2.10 and a beta of 1.49.

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

Insiders Place Their Bets

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of the stock in a transaction dated 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 transaction, the senior vice president owned 22,953 shares of the company’s stock, valued at $1,473,123.54. This trade represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.74% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on TREX. The Goldman Sachs Group decreased their price objective on shares of Trex from $83.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, October 13th. B. Riley upgraded shares of Trex to a “strong-buy” rating in a research note on Monday, July 21st. DA Davidson set a $60.00 target price on shares of Trex and gave the company a “neutral” rating in a research note on Thursday, October 9th. Stifel Nicolaus set a $61.00 target price on shares of Trex and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Trex from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.71.

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.