What smart money is saying about Trex Company, Inc.
2 funds in our archive have pitched Trex Company, Inc., most recently Madison Mid Cap Fund in March 2025.
Trex Company, Inc. manufactures and distributes decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. The company operates in two segments, Trex Residential and Trex Commercial. It offers decking products under the names Trex Transcend, Trex Select, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps. The company also provides Trex Transcend Railing products that are used in Trex decking products and other decking materials; Trex Select Railing products for a simple clean finished look; Trex Enhance Railing system; and Trex Signature aluminum railing for a contemporary look. In addition, it offers Trex Seclusions, a fencing product that includes structural posts, bottom and top rails, pickets, and decorative post caps. In addition, it designs, engineers, and markets architectural and aluminum railing systems, and staging equipment and accessories for the commercial market, as well as sports stadiums and performing arts venues. Further, the company acts as a licensor in various licensing agreements with third parties to manufacture and sell products under the Trex name, including Trex Outdoor Furniture; Trex RainEscape, an above joist deck drainage system; Trex Pergola, a cellular PVC product; Trex Latticeworks outdoor lattice boards; Trex Cornhole boards; Diablo Trex Blade, a saw blade for wood-alternative composite decking; Trex SpiralStairs and structural steel posts; and Trex Outdoor Kitchens, Cabinetry, and Storage products. It sells its products through wholesale distributors, retail lumber dealers, and Home Depot and Lowe's stores, as well as through its direct sales staff, independent sales representatives, and bidding on projects. Trex Company, Inc. was founded in 1996 and is headquartered in Winchester, Virginia.
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Position history
Between Q4 2024 and Q4 2025, 8 fund letters reported a position in Trex Company, Inc., with 2 buys (opened or added) and 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q4 2025 | 6 | 1 | 1 | 0 |
| Q3 2025 | 1 | 1 | 0 | 0 |
| Q2 2025 | 1 | 0 | 0 | 0 |
| Q1 2025 | 0 | 0 | 0 | 1 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 8 positions · 3 moves
- December 2025
“In order to establish the new position, we rotated out of existing holding Trex, as we believe Ferguson to be a more optimal choice for exposure to the housing market within industrials.”
Trex Company, Inc. - AddedDavenportDecember 2025
“Key detractors included Cable One Inc. (CABO), Janus International Group Inc. (JBI) and Trex Company Inc. (TREX). CABO gave up the stock’s attempt at a recovery in Q3 and is back to sporting an astounding 40% FCF yield. Janus and Trex each reported disappointing results and experienced share price declines well in excess of their respective guidance reductions. While near-term demand inflections will be difficult to predict in each of these more cyclically oriented businesses, we have elected to add to positions given depressed valuations on significantly revised expectations.”
Trex Company, Inc. - December 2025
“Trex Co., Inc. (TREX) was the greatest detractor from Fund performance for the quarter.”
Trex Company, Inc. - December 2025
“Trex Co., Inc. (TREX) was the largest detractor from Fund performance for the quarter.”
Trex Company, Inc. - December 2025
“Trex Co., Inc. (TREX) was also a large detractor. Trex manufactures high-performance, low-maintenance composite decking, railing, and related outdoor living products.”
Trex Company, Inc. - December 2025
“Trex Co., Inc. (TREX) was also a large detractor.”
Trex Company, Inc. - New positionMairs and Power Small Cap FundSeptember 2025
“During the third quarter of 2025, the Fund initiated a position in Patrick Industries and Trex Company, Inc.”
Trex Company, Inc. - June 2025
“CORE GROWTH FUND — TOP 10 HOLDINGS AS OF MARCH 31, 2025 Percent of Security Name Net Assets HealthEquity, Inc. 4.2% Casella Waste Systems, Inc., Class A 3.7% Shift4 Payments, Inc. 3.2% Paylocity Holding Corp. 2.9% Kadant, Inc. 2.8% Morningstar, Inc. 2.7% Valvoline, Inc. 2.7% Ollie’s Bargain Outlet Holdings, Inc. 2.7% Trex Co., Inc. 2.6%”
Trex Company, Inc.
Fund coverage · 2 theses
- Madison Mid Cap FundMarch 2025
Trex is the leading manufacturer of composite decking, benefiting from market share growth due to durability and low maintenance, and is poised to capitalize on the ongoing shift from wood to composite decks.
Read the full thesis - Polen US Small Company GrowthDecember 2024
Trex is well-positioned to capitalize on the growing demand for sustainable building materials and outdoor living spaces, supported by strong fundamentals and attractive pricing.
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