Heron Bay Capital Management Takes Position in Trex Company, Inc. $TREX

Posted by Geri Gentry on Aug 22nd, 2026

Heron Bay Capital Management acquired a new stake in shares of Trex Company, Inc. (NYSE:TREX – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 460,237 shares of the construction company’s stock, valued at approximately $23,030,000. Trex comprises approximately 2.1% of Heron Bay Capital Management’s investment portfolio, making the stock its 19th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of TREX. BlackRock Inc. purchased a new stake in Trex in the 2nd quarter worth approximately $525,081,000. Wellington Management Group LLP grew its position in shares of Trex by 266.0% during the 4th quarter. Wellington Management Group LLP now owns 7,225,393 shares of the construction company’s stock valued at $253,467,000 after purchasing an additional 5,251,297 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Trex by 143.8% in the fourth quarter. AQR Capital Management LLC now owns 3,895,534 shares of the construction company’s stock worth $136,655,000 after purchasing an additional 2,297,533 shares during the period. Morgan Stanley increased its holdings in shares of Trex by 44.6% in the fourth quarter. Morgan Stanley now owns 2,313,285 shares of the construction company’s stock worth $81,150,000 after purchasing an additional 713,054 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Trex by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,913,263 shares of the construction company’s stock worth $67,132,000 after purchasing an additional 24,892 shares during the period. Institutional investors own 95.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TREX shares. The Goldman Sachs Group reissued a “buy” rating and set a $56.00 price objective (up from $49.00) on shares of Trex in a research note on Friday, July 10th. Barclays restated an “underweight” rating and issued a $42.00 target price (up from $36.00) on shares of Trex in a research note on Tuesday, July 14th. UBS Group reaffirmed a “buy” rating and issued a $61.00 price target (up from $59.00) on shares of Trex in a report on Tuesday, July 14th. BMO Capital Markets set a $57.00 price target on Trex in a research report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $51.00 price objective (up from $41.00) on shares of Trex in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $49.30.

Read Our Latest Stock Analysis on TREX

Trex Stock Performance

NYSE TREX opened at $46.80 on Friday. Trex Company, Inc. has a 52-week low of $29.77 and a 52-week high of $66.06. The company has a fifty day moving average of $46.72 and a 200-day moving average of $42.36. The company has a market capitalization of $4.86 billion, a P/E ratio of 27.86, a P/E/G ratio of 3.26 and a beta of 1.48.

Trex (NYSE:TREX – Get Free Report) last released its earnings results on Tuesday, August 4th. The construction company reported $0.62 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 firm had revenue of $418.02 million during the quarter, compared to the consensus estimate of $415.71 million. During the same period in the prior year, the company earned $0.71 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. As a group, analysts forecast that Trex Company, Inc. will post 1.76 EPS for the current fiscal year.

Insider Transactions at Trex

In other news, SVP Jacob T. Rudolph sold 1,400 shares of the stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $50.00, for a total transaction of $70,000.00. Following the transaction, the senior vice president directly owned 36,631 shares in the company, valued at approximately $1,831,550. This represents a 3.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Amy M. Fernandez sold 1,050 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $50.07, for a total value of $52,573.50. Following the transaction, the senior vice president directly owned 67,794 shares in the company, valued at approximately $3,394,445.58. This represents a 1.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.93% of the stock is currently owned by corporate insiders.

Trex Company Profile

(Free Report)

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.