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

Epoch Investment Partners Inc. trimmed its stake in shares of Trex Company, Inc. (NYSE:TREX) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 553,581 shares of the construction company’s stock after selling 53,307 shares during the quarter. Epoch Investment Partners Inc. owned about 0.52% of Trex worth $38,214,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in Trex in the 3rd quarter valued at $30,000. Mather Group LLC. boosted its position in shares of Trex by 73.5% in the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock valued at $31,000 after acquiring an additional 191 shares during the period. Avior Wealth Management LLC grew its stake in shares of Trex by 1,212.8% in the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock valued at $35,000 after acquiring an additional 473 shares in the last quarter. Huntington National Bank increased its position in Trex by 227.2% during the fourth quarter. Huntington National Bank now owns 566 shares of the construction company’s stock worth $39,000 after acquiring an additional 393 shares during the period. Finally, Eagle Bay Advisors LLC acquired a new stake in Trex in the 4th quarter worth about $41,000. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Trex Stock Up 4.2 %

NYSE TREX opened at $55.65 on Friday. Trex Company, Inc. has a twelve month low of $49.01 and a twelve month high of $94.00. The business’s fifty day moving average is $58.75 and its 200 day moving average is $66.51. The company has a market cap of $5.97 billion, a price-to-earnings 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 quarterly earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.05. The company had revenue of $167.63 million for the quarter, compared to analysts’ expectations of $160.54 million. Trex had a return on equity of 28.89% and a net margin of 20.23%. On average, research analysts anticipate that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Trex

In other news, Director Melkeya Mcduffie sold 1,420 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $61.88, for a total value of $87,869.60. Following the completion of the sale, the director now owns 1,705 shares of the company’s stock, valued at approximately $105,505.40. This represents a 45.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.71% of the company’s stock.

Analysts Set New Price Targets

TREX has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Trex in a research report on Tuesday, April 1st. They issued a “buy” rating and a $85.00 price target for the company. Truist Financial reduced their target price on Trex from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. UBS Group dropped their price target on Trex from $76.00 to $74.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. BMO Capital Markets upgraded shares of Trex from a “market perform” rating to an “outperform” rating and set a $72.00 price objective on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Trex from $79.00 to $73.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Trex currently has a consensus rating of “Hold” and a consensus price target of $77.18.

Trex Company 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.