Pinestone Asset Management Reduces $9M in Trex Company, Inc. ($TREX)

Pinestone Asset Management has significantly cut its position in Trex Company, Inc. (NYSE:TREX). According to a filing on May 1, 2026, the firm reduced its holdings by 203,300 shares, a 91% decrease, leaving it with 19,869 shares valued at approximately $906,622. This change was reported in its latest quarterly 13F filing with the SEC.

What Changed in Pinestone Asset Management's Trex Company Position

Pinestone Asset Management dramatically reduced its stake in Trex Company, slashing its holdings from 223,169 shares to 19,869 shares. This represents a reduction of 203,300 shares, or about 91%. The remaining shares are valued at around $906,622 based on the current market price.

Other Institutional Activity in Trex Company

In other institutional activity, BlackRock, Inc. trimmed its Trex holdings by 64,833 shares, ending with 10,361,159 shares valued at approximately $377.4 million. Wellington Management Group LLP, on the other hand, increased its stake by 1,133,385 shares, bringing its total to 8,358,778 shares worth about $304.4 million. AllianceBernstein L.P. reduced its position by 72,500 shares, leaving it with 6,430,978 shares valued at $225.6 million. Meanwhile, Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both reported significant holdings of 4,748,412 and 4,484,695 shares, respectively, with values of $172.9 million and $163.3 million.

Trex Company Stock Snapshot

Shares of Trex Company, Inc. (NYSE:TREX) are trading around $45.63. The company has a market capitalization of approximately $4.74 billion and a P/E ratio of 25.35. Trex's stock has seen a 52-week range between $29.77 and $68.78. The company's 50-day moving average is $40.19, while the 200-day moving average is $42.34. Trex maintains a current ratio of 1.024 and a quick ratio of 0.585, with a debt-to-equity ratio of 43.705.

Recent Earnings

Trex Company reported revenues of $1.18 billion, with a modest growth rate of 1%. The net margin stands at 16.25%, and the return on equity is 20.08%. The company's earnings per share (EPS) is $1.80. Trex is scheduled to announce its next earnings on August 4, 2026.

Insider Buying and Selling at Trex Company, Inc.

Recent insider activity at Trex Company includes several buys and sells. Andrew Rose made multiple purchases, including 700 shares at $36.57 on April 1, 2026, and 12,008 shares at $40.69 on March 3, 2026. David Christian Keffer also bought 175 shares at $36.57 on April 1, 2026. On the selling side, Jacob Rudolph, SVP and CHRO, sold 663 shares at $41.42 on March 1, 2026, while Adam Dante Zambanini, EVP and Chief Operating Officer, sold 8,271 shares at the same price and date.

Analysts Set New Price Targets

Analysts have recently updated their price targets for Trex Company. On June 5, 2026, DA Davidson maintained a 'buy' rating with a $51 price target. Zelman & Associates upgraded the stock to 'buy' with a $50 target on May 18, 2026. Citigroup and Barclays maintained 'hold' and 'sell' ratings, respectively, with targets of $43 and $36 on May 11, 2026. UBS maintained a 'buy' rating with a $59 target on May 8, 2026. The consensus among 19 analysts is a 'buy', with a mean target price of $47.95.

About Trex Company

Trex Company, Inc., headquartered in Winchester, Virginia, manufactures and sells composite decking and railing products. The company offers a range of products including decking, railing, and fencing solutions, known for their durability against fading, staining, and mold. Trex products are sold through wholesale distributors, retail lumber dealers, and major home improvement stores like Home Depot and Lowe's. Founded in 1996, Trex employs about 1,839 people and is led by CEO Adam Dante Zambanini.

Bottom Line

Pinestone Asset Management's significant reduction in its Trex holdings is a notable move in the institutional landscape. Investors often keep an eye on such filings to gauge fund sentiment, though it's important to remember that 13F filings reflect past positions and may not represent current holdings. Trex's stock performance and analyst ratings suggest a mixed outlook, with some positive insider activity and varied institutional interest.