Trex Company, Inc.
In the published model solve dated 2026-Q2, anchored at $49.58, Trex Company, Inc. (TREX) is priced for today's economics sustained for ~8.6 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 11, 2026 from SEC EDGAR filings.
• Trex's business is convincing homeowners to replace wood with its composite decking, and the runway is real: its 10-K names wood, not other composite makers, as the primary competition, noting that ⟦"A majority of the lumber used in wood decks is pressure-treated lumber"⟧. • The risk is the price, not the product: at roughly 15x operating income the market is paying for growth near the company's maximum self-funded pace for about six years, while revenue grew 1% in the latest quarter and manag
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404 institutional managers reported holding TREX in 13F filings for the quarter ended 2026-03-31. 55 opened new positions that quarter. Held by BlackRock, Vanguard Group, Wellington Management, among others. On the short side, 10.9M shares were sold short as of the 2026-06-15 count, about 10% of shares outstanding (5.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
TREX has cut its share count 8.9% over the past five years, spending $687.71M on repurchases. It pays no dividend. Cash returned over the past three years: $243.50M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at TREX over the trailing three years: 2024: 3 buys totaling $8k; 2025: 5 buys totaling $490k; 2026: 3 buys totaling $504k. 17 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
TREX's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-09 | +10.3% | +12.3% |
| 2023-08-01 | +9.7% | -22.7% |
| 2023-10-31 | +3.6% | +43.6% |
| 2024-02-27 | -0.7% | -5.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
TREX's latest 8-K filings: 2026-08-04 (items 2.02, 9.01); 2026-07-14 (items 7.01); 2026-07-13 (items 8.01, 9.01); 2026-05-07 (items 2.02, 9.01); 2026-05-04 (items 5.02, 5.07, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.