Vaughan Nelson Investment Management L.P. Makes New Investment in Trex Company, Inc. $TREX

Vaughan Nelson Investment Management L.P. bought a new position in Trex Company, Inc. (NYSE:TREX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 276,943 shares of the construction company’s stock, valued at approximately $15,060,000. Vaughan Nelson Investment Management L.P. owned about 0.26% of Trex as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Armstrong Advisory Group Inc. purchased a new position in Trex in the second quarter worth about $31,000. Parallel Advisors LLC boosted its position in Trex by 28.4% in the second quarter. Parallel Advisors LLC now owns 1,049 shares of the construction company’s stock worth $57,000 after purchasing an additional 232 shares during the last quarter. Brooklyn Investment Group boosted its position in Trex by 35,733.3% in the first quarter. Brooklyn Investment Group now owns 1,075 shares of the construction company’s stock worth $62,000 after purchasing an additional 1,072 shares during the last quarter. UMB Bank n.a. boosted its position in Trex by 41.4% in the second quarter. UMB Bank n.a. now owns 1,168 shares of the construction company’s stock worth $64,000 after purchasing an additional 342 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in Trex by 55.9% in the first quarter. Blue Trust Inc. now owns 1,138 shares of the construction company’s stock worth $66,000 after purchasing an additional 408 shares during the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Trex in a research report on Saturday, September 27th. Wall Street Zen raised Trex from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Baird R W raised Trex from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 10th. DA Davidson set a $65.00 price objective on Trex and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $74.00 price objective (up previously from $72.00) on shares of Trex in a research note on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $71.93.

Trex Trading Up 0.4%

Shares of TREX opened at $52.66 on Friday. The business’s 50 day moving average is $59.90 and its 200 day moving average is $58.63. The company has a market capitalization of $5.65 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 2.20 and a beta of 1.49. Trex Company, Inc. has a 12-month low of $49.01 and a 12-month high of $80.74.

Trex (NYSE:TREX) last issued its earnings results on Monday, August 4th. The construction company reported $0.74 earnings per share (EPS) for the quarter, beating 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 quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.80 EPS. Trex has set its Q3 2025 guidance at EPS. Equities research analysts predict that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Insider Transactions at Trex

In related news, SVP Amy M. Fernandez sold 1,538 shares of Trex stock in a transaction that occurred 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 sale, the senior vice president owned 22,953 shares of the company’s stock, valued at approximately $1,473,123.54. This trade represents a 6.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.71% of the company’s stock.

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.