Epoch Investment Partners Inc. Has $60.69 Million Stake in Trex Company, Inc. (NYSE:TREX)

Epoch Investment Partners Inc. reduced its position in shares of Trex Company, Inc. (NYSE:TREX) by 9.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 818,774 shares of the construction company’s stock after selling 82,586 shares during the quarter. Epoch Investment Partners Inc. owned 0.75% of Trex worth $60,688,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in shares of Trex during the 4th quarter worth approximately $25,000. Mather Group LLC. bought a new position in Trex during the first quarter worth $26,000. Hantz Financial Services Inc. acquired a new position in shares of Trex in the second quarter valued at $31,000. Sunbelt Securities Inc. raised its position in shares of Trex by 1,744.4% in the first quarter. Sunbelt Securities Inc. now owns 332 shares of the construction company’s stock valued at $33,000 after purchasing an additional 314 shares during the period. Finally, Rise Advisors LLC lifted its stake in shares of Trex by 305.0% during the 1st quarter. Rise Advisors LLC now owns 405 shares of the construction company’s stock worth $40,000 after buying an additional 305 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex Trading Down 2.9 %

Shares of Trex stock opened at $69.15 on Monday. The company has a 50 day moving average of $69.65 and a 200-day moving average of $81.38. The company has a market cap of $7.52 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 2.25 and a beta of 1.50. Trex Company, Inc. has a 1-year low of $53.59 and a 1-year high of $101.91.

Trex (NYSE:TREX) last issued its earnings results on Tuesday, August 6th. The construction company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. Trex had a return on equity of 33.53% and a net margin of 21.07%. The firm had revenue of $376.47 million for the quarter, compared to the consensus estimate of $387.87 million. During the same quarter last year, the business posted $0.71 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. Research analysts forecast that Trex Company, Inc. will post 2.03 earnings per share for the current year.

Analysts Set New Price Targets

TREX has been the topic of several research analyst reports. Robert W. Baird lowered their price target on shares of Trex from $88.00 to $70.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Citigroup lowered their target price on Trex from $94.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. UBS Group reduced their price target on Trex from $104.00 to $79.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Bank of America lowered their price objective on Trex from $97.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Finally, Truist Financial dropped their target price on Trex from $120.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $80.88.

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.