TrexTREX
About: Trex Co Inc is a manufacturer of wooden alternative decking products. The company offers outdoor products in the decking, railing, porch, fencing, trim, steel deck framing, and outdoor lighting categories. Its products are sold under the Trex brand and manufactured in the United States. Further, the company licenses its Trex brand to third parties to manufacture and sell products under the Trex trademark. The distribution is focused on wholesale distributors and retail lumber dealers, which in turn sell Trex products to homeowners and contractors, with an emphasis on professional contractors, remodelers, and homebuilders. The company operates in one reportable segment i.e. Trex Residential.
Employees: 1,765
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
2% more repeat investments, than reductions
Existing positions increased: 191 | Existing positions reduced: 187
1% less funds holding
Funds holding: 517 [Q1] → 512 (-5) [Q2]
8% less first-time investments, than exits
New positions opened: 59 | Existing positions closed: 64
17% less call options, than puts
Call options by funds: $36M | Put options by funds: $43.5M
24% less capital invested
Capital invested by funds: $10.1B [Q1] → $7.63B (-$2.47B) [Q2]
50% less funds holding in top 10
Funds holding in top 10: 8 [Q1] → 4 (-4) [Q2]
250.59% less ownership
Funds ownership: 345.24% [Q1] → 94.66% (-250.59%) [Q2]
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Jefferies Philip Ng 81% 1-year accuracy 13 / 16 met price target | 17%upside $73 | Hold Maintained | 9 Oct 2024 |
JP Morgan Michael Rehaut 58% 1-year accuracy 7 / 12 met price target | 10%upside $69 | Neutral Maintained | 12 Aug 2024 |
BMO Capital Ketan Mamtora 60% 1-year accuracy 3 / 5 met price target | 31%upside $82 | Market Perform Maintained | 8 Aug 2024 |
Benchmark Reuben Garner 78% 1-year accuracy 14 / 18 met price target | 28%upside $80 | Buy Maintained | 8 Aug 2024 |
Stephens & Co. Trey Grooms 80% 1-year accuracy 12 / 15 met price target | 15%upside $72 | Equal-Weight Downgraded | 7 Aug 2024 |
Financial journalist opinion
Based on 3 articles about TREX published over the past 30 days
