First Nebraska Trust Co Acquires New Shares in Trex Company, Inc. $TREX

First Nebraska Trust Co acquired a new position in Trex Company, Inc. (NYSE:TREX) in the second quarter, HoldingsChannel reports. The fund acquired 56,005 shares of the construction company’s stock, valued at approximately $2,802,000.

Other institutional investors have also added to or reduced their stakes in the company. M&T Bank Corp bought a new position in shares of Trex in the 4th quarter worth $917,000. State of New Jersey Common Pension Fund D increased its holdings in shares of Trex by 76.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 69,509 shares of the construction company’s stock valued at $2,438,000 after acquiring an additional 30,191 shares in the last quarter. Kestra Private Wealth Services LLC raised its holdings in shares of Trex by 46.8% in the fourth quarter. Kestra Private Wealth Services LLC now owns 84,170 shares of the construction company’s stock worth $2,953,000 after buying an additional 26,818 shares during the last quarter. Principal Financial Group Inc. raised its stake in Trex by 32.1% in the 4th quarter. Principal Financial Group Inc. now owns 1,098,189 shares of the construction company’s stock worth $38,524,000 after acquiring an additional 266,580 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Trex by 26.6% in the first quarter. California State Teachers Retirement System now owns 129,321 shares of the construction company’s stock worth $4,710,000 after purchasing an additional 27,189 shares during the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Trex Stock Performance

TREX stock opened at $46.80 on Friday. Trex Company, Inc. has a one year low of $29.77 and a one year high of $66.06. The firm’s fifty day moving average is $46.72 and its 200 day moving average is $42.36. The firm has a market cap of $4.86 billion, a PE ratio of 27.86, a P/E/G ratio of 3.23 and a beta of 1.48.

Trex (NYSE:TREX) last issued its quarterly earnings data on Tuesday, August 4th. The construction company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.01). Trex had a return on equity of 18.03% and a net margin of 14.68%.The firm had revenue of $418.02 million during the quarter, compared to analyst estimates of $415.71 million. During the same quarter last year, the company posted $0.71 EPS. The company’s revenue was up 7.8% on a year-over-year basis. Research analysts predict that Trex Company, Inc. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TREX has been the subject of a number of research reports. Zelman & Associates upgraded shares of Trex from a “neutral” rating to an “outperform” rating and set a $50.00 target price for the company in a research report on Monday, May 18th. Stifel Nicolaus set a $49.00 target price on Trex and gave the stock a “hold” rating in a research note on Tuesday, August 11th. Zacks Research raised Trex from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Weiss Ratings lowered Trex from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Finally, DA Davidson reiterated a “buy” rating and set a $55.00 price target on shares of Trex in a research report on Tuesday, July 14th. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $49.30.

Insider Activity

In other Trex news, SVP Jacob T. Rudolph sold 1,400 shares of the stock in a transaction that occurred on 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 owned 36,631 shares in the company, valued at approximately $1,831,550. This represents a 3.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Amy M. Fernandez sold 1,050 shares of the stock in a transaction that occurred 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 transaction, the senior vice president owned 67,794 shares in the company, valued at $3,394,445.58. This represents a 1.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.93% of the stock is owned by insiders.

About Trex

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.