Caitong International Asset Management Co. Ltd Takes $60,000 Position in Trex Company, Inc. $TREX

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

Other hedge funds have also recently modified their holdings of the company. Armstrong Advisory Group Inc. bought a new position in shares of Trex during the second quarter valued at approximately $31,000. Parallel Advisors LLC grew its stake in shares of Trex by 28.4% during the second quarter. Parallel Advisors LLC now owns 1,049 shares of the construction company’s stock valued at $57,000 after buying an additional 232 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of Trex by 35,733.3% during the first quarter. Brooklyn Investment Group now owns 1,075 shares of the construction company’s stock valued at $62,000 after buying an additional 1,072 shares during the last quarter. CWM LLC grew its stake in shares of Trex by 16.8% during the second quarter. CWM LLC now owns 1,141 shares of the construction company’s stock valued at $62,000 after buying an additional 164 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Trex by 41.4% during the second quarter. UMB Bank n.a. now owns 1,168 shares of the construction company’s stock valued at $64,000 after buying an additional 342 shares during the last quarter. Institutional investors own 95.96% of the company’s stock.

Trex Stock Down 0.4%

Trex stock opened at $48.93 on Friday. The business has a fifty day moving average of $56.20 and a two-hundred day moving average of $57.99. The firm has a market cap 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 twelve month low of $48.48 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.

Insider Activity at Trex

In other news, SVP Amy M. Fernandez sold 1,538 shares of the 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 approximately $1,473,123.54. This represents a 6.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TREX shares. Robert W. Baird raised Trex from a “neutral” rating to an “outperform” rating and upped their target price for the company from $65.00 to $75.00 in a research note on Thursday, July 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Trex in a report on Friday. B. Riley upgraded Trex to a “strong-buy” rating in a report on Monday, July 21st. Zelman & Associates lowered their price target on Trex from $74.00 to $66.00 and set an “outperform” rating for the company in a report on Friday, October 17th. Finally, The Goldman Sachs Group lowered their price target on Trex from $83.00 to $73.00 and set a “buy” rating for the company in a report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.