GSA Capital Partners LLP Invests $681,000 in Trex Company, Inc. $TREX

GSA Capital Partners LLP purchased a new position in shares of Trex Company, Inc. (NYSE:TREX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,600 shares of the construction company’s stock, valued at approximately $681,000.

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

Insider Transactions at Trex

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

Analyst Ratings Changes

A number of research firms have issued reports on TREX. UBS Group restated a “buy” rating and issued a $61.00 target price (up from $59.00) on shares of Trex in a report on Tuesday, July 14th. Citigroup reissued a “neutral” rating and set a $52.00 price target (up from $43.00) on shares of Trex in a research report on Wednesday, July 15th. Zacks Research raised shares of Trex from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. DA Davidson reiterated a “buy” rating and set a $55.00 target price on shares of Trex in a report on Tuesday, July 14th. Finally, Stephens boosted their price objective on shares of Trex from $45.00 to $50.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Trex currently has an average rating of “Hold” and a consensus price target of $49.30.

Trex Price Performance

Trex stock opened at $48.25 on Thursday. Trex Company, Inc. has a 12 month low of $29.77 and a 12 month high of $66.06. The company has a fifty day moving average price of $46.68 and a two-hundred day moving average price of $42.29. The company has a market cap of $5.01 billion, a PE ratio of 28.72, a P/E/G ratio of 3.29 and a beta of 1.48.

Trex (NYSE:TREX) last released its quarterly earnings data on Tuesday, August 4th. The construction company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.01). The business had revenue of $418.02 million for the quarter, compared to analyst estimates of $415.71 million. Trex had a return on equity of 18.03% and a net margin of 14.68%.Trex’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS. Equities research analysts anticipate 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.