B. Metzler seel. Sohn & Co. AG Takes Position in Trex Company, Inc. $TREX

B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Trex Company, Inc. (NYSE:TREX – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 62,345 shares of the construction company’s stock, valued at approximately $3,120,000. B. Metzler seel. Sohn & Co. AG owned about 0.06% of Trex as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. AQR Capital Management LLC grew its position in shares of Trex by 3.2% during the first quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock worth $320,000 after acquiring an additional 177 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Trex by 91.3% in the first quarter. Goldman Sachs Group Inc. now owns 822,772 shares of the construction company’s stock valued at $47,803,000 after purchasing an additional 392,715 shares during the period. Hsbc Holdings PLC increased its stake in shares of Trex by 6.3% in the second quarter. Hsbc Holdings PLC now owns 5,403 shares of the construction company’s stock valued at $294,000 after purchasing an additional 322 shares during the period. First Trust Advisors LP raised its holdings in shares of Trex by 535.1% during the second quarter. First Trust Advisors LP now owns 22,038 shares of the construction company’s stock valued at $1,198,000 after buying an additional 18,568 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Trex during the second quarter valued at approximately $1,055,000. 95.96% of the stock is currently owned by institutional investors and hedge funds.

In other Trex news, SVP Jacob T. Rudolph sold 1,400 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $50.00, for a total transaction of $70,000.00. Following 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Amy M. Fernandez sold 1,050 shares of the stock in a transaction on 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 sale, the senior vice president owned 67,794 shares of the company’s stock, valued at $3,394,445.58. The trade was a 1.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.93% of the stock is currently owned by corporate insiders.
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A number of research analysts have issued reports on the company. Zelman & Associates upgraded Trex from a “neutral” rating to an “outperform” rating and set a $50.00 price target for the company in a research report on Monday, May 18th. 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. Wall Street Zen upgraded shares of Trex from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $51.00 price objective (up from $41.00) on shares of Trex in a report on Tuesday, July 14th. Finally, DA Davidson reiterated a “buy” rating and issued a $55.00 target price on shares of Trex in a research report on Tuesday, July 14th. One 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 given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $49.30.

Shares of NYSE TREX opened at $46.80 on Friday. Trex Company, Inc. has a 12 month low of $29.77 and a 12 month high of $66.06. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 27.86, a P/E/G ratio of 3.23 and a beta of 1.48. The business has a fifty day simple moving average of $46.72 and a 200-day simple moving average of $42.36.

Trex (NYSE:TREX – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The construction company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.01). The company had revenue of $418.02 million during the quarter, compared to analysts’ expectations of $415.71 million. Trex had a return on equity of 18.03% and a net margin of 14.68%.The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 EPS. As a group, sell-side analysts expect that Trex Company, Inc. will post 1.76 EPS for the current fiscal year.

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.
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