William Blair Investment Management LLC Makes New $25.60 Million Investment in Trex Company, Inc. $TREX

William Blair Investment Management LLC purchased a new stake in Trex Company, Inc. (NYSE:TREX) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 511,527 shares of the construction company’s stock, valued at approximately $25,597,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Clearstead Trust LLC acquired a new position in shares of Trex during the fourth quarter valued at $33,000. Ascentis Independent Advisors bought a new stake in shares of Trex during the 1st quarter worth about $44,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Trex during the 4th quarter worth about $47,000. Empowered Funds LLC bought a new stake in Trex during the fourth quarter worth approximately $50,000. Finally, Versant Capital Management Inc acquired a new stake in Trex in the 2nd quarter valued at about $58,000. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex Price Performance

TREX opened at $46.80 on Friday. The company has a market capitalization of $4.86 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 3.23 and a beta of 1.48. Trex Company, Inc. has a fifty-two week low of $29.77 and a fifty-two week high of $66.06. The business has a 50-day moving average of $46.72 and a 200-day moving average of $42.36.

Trex (NYSE:TREX) last announced its quarterly earnings results on Tuesday, August 4th. The construction company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.01). Trex had a net margin of 14.68% and a return on equity of 18.03%. The firm had revenue of $418.02 million during the quarter, compared to the consensus estimate of $415.71 million. During the same period in the previous year, the firm posted $0.71 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts expect that Trex Company, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TREX has been the topic of a number of recent analyst reports. The Goldman Sachs Group reaffirmed 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. Bank of America raised their price target on shares of Trex from $42.00 to $44.00 and gave the stock an “underperform” rating in a report on Tuesday, July 14th. DA Davidson reaffirmed a “buy” rating and set a $55.00 price objective on shares of Trex in a research report on Tuesday, July 14th. Citigroup reiterated a “neutral” rating and issued a $52.00 target price (up from $43.00) on shares of Trex in a research report on Wednesday, July 15th. Finally, Zacks Research raised shares of Trex from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $49.30.

Insider Buying and Selling

In other Trex news, SVP Jacob T. Rudolph sold 1,400 shares of Trex stock in a transaction that occurred on Thursday, June 25th. The shares were 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 $1,831,550. The trade was a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Amy M. Fernandez sold 1,050 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $50.07, for a total transaction of $52,573.50. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. 0.93% of the stock is owned by insiders.

Trex Company Profile

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.