Caitong International Asset Management Co. Ltd Purchases Shares of 1,106 Trex Company, Inc. $TREX

Caitong International Asset Management Co. Ltd purchased a new stake in Trex Company, Inc. (NYSE:TREX) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,106 shares of the construction company’s stock, valued at approximately $60,000.

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

Trex Stock Performance

Shares of TREX opened at $48.93 on Friday. The business’s 50-day moving average is $56.20 and its two-hundred day moving average is $57.99. The company has a market capitalization of $5.25 billion, a P/E ratio of 28.28, a P/E/G ratio of 2.03 and a beta of 1.49. Trex Company, Inc. has a fifty-two week low of $48.48 and a fifty-two week high of $80.74.

Trex (NYSE:TREX) last announced its quarterly earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.02. The company had revenue of $387.80 million for the quarter, compared to the consensus estimate of $377.49 million. Trex had a return on equity of 21.27% and a net margin of 16.53%.The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $0.80 EPS. Trex has set its Q3 2025 guidance at EPS. Analysts forecast that Trex Company, Inc. will post 2.04 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Amy M. Fernandez sold 1,538 shares of Trex stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $64.18, for a total value of $98,708.84. Following the completion of the transaction, the senior vice president owned 22,953 shares in the company, valued at $1,473,123.54. The trade was a 6.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TREX shares. UBS Group restated a “neutral” rating and issued a $74.00 target price (up previously from $72.00) on shares of Trex in a research note on Tuesday, August 5th. Zelman & Associates reduced their target price on Trex from $74.00 to $66.00 and set an “outperform” rating for the company in a research note on Friday, October 17th. DA Davidson set a $60.00 target price on Trex and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Baird R W upgraded Trex from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 10th. Finally, Stifel Nicolaus set a $61.00 target price on Trex and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Trex currently has an average rating of “Moderate Buy” and an average price target of $70.71.

About Trex

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.