Hill City Capital LP acquired a new position in shares of Trex Company, Inc. (NYSE:TREX – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 550,000 shares of the construction company’s stock, valued at approximately $27,522,000,000. Trex comprises about 0.6% of Hill City Capital LP’s investment portfolio, making the stock its 22nd largest position. Hill City Capital LP owned approximately 0.53% of Trex as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Trex in the second quarter valued at about $3,176,000. Proficio Capital Partners LLC purchased a new position in shares of Trex during the second quarter worth about $300,000. Corient Private Wealth LP purchased a new position in shares of Trex during the second quarter worth about $2,749,000. Bank of America Corp DE purchased a new position in shares of Trex during the second quarter worth about $94,851,000. Finally, Windsor Advisory Group LLC acquired a new position in Trex in the 2nd quarter valued at about $619,000. 95.96% of the stock is currently owned by institutional investors and hedge funds.
Trex Stock Down 1.1%
Shares of NYSE:TREX opened at $46.15 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 50-day moving average price of $46.74 and a 200 day moving average price of $42.46. The company has a market cap of $4.80 billion, a P/E ratio of 27.47, a PEG ratio of 3.22 and a beta of 1.48.
Insider Buying and Selling
In other Trex news, SVP Amy M. Fernandez sold 1,050 shares of the stock in a transaction on 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 transaction, the senior vice president 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jacob T. Rudolph sold 1,400 shares of the firm’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $50.00, for a total value of $70,000.00. Following the completion of the sale, the senior vice president directly owned 36,631 shares of the company’s stock, valued at approximately $1,831,550. This trade represents a 3.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.93% of the stock is owned by insiders.
Analyst Ratings Changes
Several research firms have commented on TREX. Wall Street Zen raised Trex from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings downgraded Trex from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. DA Davidson reissued a “buy” rating and issued a $55.00 target price on shares of Trex in a report on Tuesday, July 14th. Truist Financial upped their price target on Trex from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, Barclays reaffirmed an “underweight” rating and set a $42.00 price target (up from $36.00) on shares of Trex in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $49.30.
View Our Latest Stock Analysis on Trex
Trex Profile
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.
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