Pembroke Management LTD Sells 23,252 Shares of Trex Company, Inc. $TREX

Pembroke Management LTD decreased its holdings in shares of Trex Company, Inc. (NYSE:TREX) by 6.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 345,268 shares of the construction company’s stock after selling 23,252 shares during the quarter. Trex accounts for about 3.0% of Pembroke Management LTD’s investment portfolio, making the stock its 13th biggest position. Pembroke Management LTD owned 0.32% of Trex worth $20,060,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Broad Bay Capital Management LP bought a new position in shares of Trex during the first quarter valued at approximately $31,212,000. State of Wyoming grew its stake in shares of Trex by 13.7% during the first quarter. State of Wyoming now owns 3,365 shares of the construction company’s stock valued at $196,000 after buying an additional 406 shares during the last quarter. Brant Point Investment Management LLC bought a new position in shares of Trex during the first quarter valued at approximately $3,444,000. Eisler Capital Management Ltd. grew its stake in shares of Trex by 78.0% during the first quarter. Eisler Capital Management Ltd. now owns 83,836 shares of the construction company’s stock valued at $4,875,000 after buying an additional 36,747 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG grew its stake in shares of Trex by 6.4% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 42,491 shares of the construction company’s stock valued at $2,469,000 after buying an additional 2,559 shares during the last quarter. Institutional investors own 95.96% of the company’s stock.

Trex Stock Down 0.8%

Trex stock opened at $62.87 on Friday. The business has a fifty day moving average of $61.74 and a two-hundred day moving average of $59.42. The firm has a market cap of $6.74 billion, a P/E ratio of 36.34, a P/E/G ratio of 2.65 and a beta of 1.51. Trex Company, Inc. has a twelve month low of $49.01 and a twelve month high of $80.74.

Trex (NYSE:TREX) last posted its earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The company had revenue of $387.80 million during the quarter, compared to analyst estimates of $377.49 million. Trex had a return on equity of 21.27% and a net margin of 16.53%.Trex’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 earnings per share. Trex has set its Q3 2025 guidance at EPS. Equities analysts expect that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TREX has been the subject of a number of research reports. Loop Capital reiterated a “hold” rating and issued a $66.00 price target on shares of Trex in a report on Tuesday, August 5th. Benchmark reiterated a “buy” rating and issued a $80.00 price target on shares of Trex in a report on Monday, May 12th. Stephens lowered their price target on Trex from $73.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, May 12th. Baird R W upgraded Trex from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 10th. Finally, UBS Group reiterated a “neutral” rating and issued a $74.00 price target (up previously from $72.00) on shares of Trex in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Trex presently has an average rating of “Moderate Buy” and a consensus price target of $71.93.

Insiders Place Their Bets

In other Trex news, SVP Amy M. Fernandez sold 1,538 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $64.18, for a total transaction of $98,708.84. Following the completion of the sale, the senior vice president owned 22,953 shares in the company, valued at $1,473,123.54. This represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.71% of the stock is currently owned by corporate insiders.

Trex Company Profile

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.