32,270 Shares in Trex Company, Inc. $TREX Acquired by QV Investors Inc.

QV Investors Inc. acquired a new stake in shares of Trex Company, Inc. (NYSE:TREXFree Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 32,270 shares of the construction company’s stock, valued at approximately $1,615,000.

Several other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC raised its holdings in Trex by 3.2% in the first quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock worth $320,000 after purchasing an additional 177 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Trex by 91.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 822,772 shares of the construction company’s stock valued at $47,803,000 after buying an additional 392,715 shares during the period. Hsbc Holdings PLC increased its position in shares of Trex by 6.3% in the 2nd quarter. Hsbc Holdings PLC now owns 5,403 shares of the construction company’s stock valued at $294,000 after buying an additional 322 shares in the last quarter. First Trust Advisors LP increased its position in shares of Trex by 535.1% in the 2nd quarter. First Trust Advisors LP now owns 22,038 shares of the construction company’s stock valued at $1,198,000 after buying an additional 18,568 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in Trex during the 2nd quarter worth $1,055,000. Institutional investors own 95.96% of the company’s stock.

Insiders Place Their Bets

In other Trex news, SVP Amy M. Fernandez sold 1,050 shares of the stock in a transaction on Friday, August 7th. The shares were 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. This trade represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jacob T. Rudolph sold 1,400 shares of Trex stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $50.00, for a total transaction of $70,000.00. Following the completion of the transaction, 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 currently owned by insiders.

Analysts Set New Price Targets

TREX has been the topic of several recent analyst reports. Citigroup reiterated a “neutral” rating and set a $52.00 target price (up from $43.00) on shares of Trex in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $51.00 price target (up from $41.00) on shares of Trex in a report on Tuesday, July 14th. Truist Financial lifted their price objective on Trex from $55.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Stifel Nicolaus set a $49.00 price objective on Trex and gave the company a “hold” rating in a research report on Tuesday, August 11th. Finally, BMO Capital Markets set a $57.00 target price on Trex in a research note on Wednesday, August 5th. One equities research 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, Trex currently has a consensus rating of “Hold” and an average price target of $49.30.

Get Our Latest Stock Analysis on Trex

Trex Stock Up 0.2%

TREX stock opened at $45.84 on Monday. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 27.29, a P/E/G ratio of 3.16 and a beta of 1.48. Trex Company, Inc. has a twelve month low of $29.77 and a twelve month high of $66.06. The business has a 50 day moving average price of $46.72 and a two-hundred day moving average price of $42.48.

Trex (NYSE:TREXGet Free Report) last announced its quarterly earnings data 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). The company had revenue of $418.02 million for the quarter, compared to the consensus estimate of $415.71 million. Trex had a return on equity of 18.03% and a net margin of 14.68%.The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. On average, equities research analysts anticipate that Trex Company, Inc. will post 1.76 EPS for the current fiscal year.

Trex 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.

See Also

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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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