Landscape Capital Management L.L.C. Makes New $5.38 Million Investment in Trex Company, Inc. $TREX

Landscape Capital Management L.L.C. acquired a new stake in shares of Trex Company, Inc. (NYSE:TREX) during the second quarter, Holdings Channel reports. The firm acquired 107,454 shares of the construction company’s stock, valued at approximately $5,377,000.

Several other large investors also recently modified their holdings of the stock. Clearstead Trust LLC acquired a new position in shares of Trex in the 4th quarter worth approximately $33,000. Ascentis Independent Advisors acquired a new stake in Trex in the 1st quarter valued at $44,000. Eurizon Capital SGR S.p.A. acquired a new stake in Trex in the 4th quarter valued at $47,000. Empowered Funds LLC acquired a new stake in Trex in the 4th quarter valued at $50,000. Finally, Versant Capital Management Inc bought a new stake in Trex in the second quarter valued at $58,000. 95.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Trex

In other news, SVP Jacob T. Rudolph sold 1,400 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $50.00, for a total value of $70,000.00. Following the completion of the sale, the senior vice president directly owned 36,631 shares in the company, valued at approximately $1,831,550. This trade represents a 3.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Amy M. Fernandez sold 1,050 shares of Trex stock in a transaction dated 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 transaction, the senior vice president directly owned 67,794 shares of the company’s stock, valued at $3,394,445.58. This represents a 1.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.93% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on TREX. UBS Group reiterated a “buy” rating and set a $61.00 price objective (up from $59.00) on shares of Trex in a research note on Tuesday, July 14th. Truist Financial boosted their target price on shares of Trex from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Weiss Ratings lowered shares of Trex from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. The Goldman Sachs Group reiterated a “buy” rating and set a $56.00 target price (up from $49.00) on shares of Trex in a research report on Friday, July 10th. Finally, Barclays reissued an “underweight” rating and set a $42.00 price target (up from $36.00) on shares of Trex in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $49.30.

Trex Price Performance

NYSE TREX opened at $46.80 on Friday. The stock’s 50 day simple moving average is $46.72 and its 200 day simple moving average is $42.36. Trex Company, Inc. has a one year low of $29.77 and a one year high of $66.06. The firm has a market cap of $4.86 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 3.26 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 (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.01). The business had revenue of $418.02 million during the quarter, compared to the consensus estimate of $415.71 million. Trex had a net margin of 14.68% and a return on equity of 18.03%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 EPS. As a group, equities analysts expect that Trex Company, Inc. will post 1.76 earnings per share for the current year.

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.