Epoch Investment Partners Inc. Sells 53,307 Shares of Trex Company, Inc. (NYSE:TREX)

Epoch Investment Partners Inc. decreased its stake in shares of Trex Company, Inc. (NYSE:TREX) by 8.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 553,581 shares of the construction company’s stock after selling 53,307 shares during the period. Epoch Investment Partners Inc.’s holdings in Trex were worth $38,214,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Xponance Inc. grew its holdings in Trex by 0.7% in the fourth quarter. Xponance Inc. now owns 21,605 shares of the construction company’s stock worth $1,491,000 after purchasing an additional 143 shares during the period. Principal Securities Inc. grew its stake in shares of Trex by 5.0% in the 4th quarter. Principal Securities Inc. now owns 3,082 shares of the construction company’s stock valued at $213,000 after buying an additional 147 shares during the period. Pacer Advisors Inc. increased its position in Trex by 0.9% in the 4th quarter. Pacer Advisors Inc. now owns 15,970 shares of the construction company’s stock valued at $1,102,000 after buying an additional 148 shares in the last quarter. Harrington Investments INC raised its stake in Trex by 1.8% during the 4th quarter. Harrington Investments INC now owns 9,106 shares of the construction company’s stock worth $629,000 after buying an additional 159 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in Trex by 9.1% in the fourth quarter. Bessemer Group Inc. now owns 2,034 shares of the construction company’s stock worth $140,000 after acquiring an additional 170 shares in the last quarter. Institutional investors own 95.96% of the company’s stock.

Insiders Place Their Bets

In other Trex news, Director Melkeya Mcduffie sold 1,420 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $61.88, for a total transaction of $87,869.60. Following the sale, the director now directly owns 1,705 shares of the company’s stock, valued at $105,505.40. This represents a 45.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.71% of the company’s stock.

Trex Stock Performance

Shares of NYSE:TREX opened at $55.65 on Friday. Trex Company, Inc. has a fifty-two week low of $49.01 and a fifty-two week high of $94.00. The company’s 50-day moving average is $58.75 and its 200 day moving average is $66.51. The company has a market capitalization of $5.97 billion, a P/E ratio of 25.41, a price-to-earnings-growth ratio of 2.51 and a beta of 1.62.

Trex (NYSE:TREX) last released its earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. The firm had revenue of $167.63 million during the quarter, compared to the consensus estimate of $160.54 million. Trex had a net margin of 20.23% and a return on equity of 28.89%. As a group, research analysts predict that Trex Company, Inc. will post 2.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on Trex from $79.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Bank of America dropped their price objective on shares of Trex from $85.00 to $79.00 and set a “buy” rating on the stock in a research note on Tuesday, February 25th. Truist Financial lowered their target price on shares of Trex from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. StockNews.com cut shares of Trex from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th. Finally, UBS Group decreased their price objective on Trex from $76.00 to $74.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Trex currently has a consensus rating of “Hold” and a consensus price target of $77.18.

Trex Profile

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, 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.