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

Epoch Investment Partners Inc. decreased its holdings in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 approximately 0.52% of Trex worth $38,214,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TREX. Alliancebernstein L.P. increased its holdings in shares of Trex by 54.5% in the fourth quarter. Alliancebernstein L.P. now owns 10,819,326 shares of the construction company's stock valued at $746,858,000 after buying an additional 3,818,025 shares in the last quarter. AustralianSuper Pty Ltd acquired a new stake in Trex in the fourth quarter valued at approximately $110,414,000. Norges Bank acquired a new position in Trex during the fourth quarter worth $54,084,000. Wasatch Advisors LP lifted its holdings in Trex by 12.8% in the 4th quarter. Wasatch Advisors LP now owns 4,599,521 shares of the construction company's stock worth $317,505,000 after purchasing an additional 523,113 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Trex by 97.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 797,513 shares of the construction company's stock valued at $53,098,000 after buying an additional 393,850 shares during the last quarter. 95.96% of the stock is owned by institutional investors.

Trex Stock Up 2.7 %

TREX traded up $1.48 during trading on Wednesday, hitting $56.70. 1,531,329 shares of the stock were exchanged, compared to its average volume of 1,316,496. The firm has a market capitalization of $6.08 billion, a P/E ratio of 25.89, a PEG ratio of 2.51 and a beta of 1.62. Trex Company, Inc. has a 1-year low of $49.01 and a 1-year high of $94.00. The stock has a fifty day moving average price of $58.02 and a two-hundred day moving average price of $66.27.

Trex (NYSE:TREX - Get Free Report) last posted its earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.05. Trex had a net margin of 20.23% and a return on equity of 28.89%. The business had revenue of $167.63 million for the quarter, compared to analyst estimates of $160.54 million. Analysts predict that Trex Company, Inc. will post 2.04 EPS for the current year.

Insider Activity

In other news, Director Melkeya Mcduffie sold 1,420 shares of the company's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $61.88, for a total transaction of $87,869.60. Following the completion of the sale, the director now owns 1,705 shares in the company, valued at approximately $105,505.40. This represents a 45.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.71% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group dropped their target price on Trex from $81.00 to $71.00 and set a "hold" rating for the company in a report on Tuesday, February 25th. Benchmark reaffirmed a "buy" rating and issued a $80.00 price target on shares of Trex in a research note on Monday, March 3rd. DA Davidson reiterated a "neutral" rating and issued a $74.00 price objective on shares of Trex in a research report on Tuesday, February 25th. Truist Financial decreased their price objective on Trex from $100.00 to $90.00 and set a "buy" rating for the company in a report on Tuesday, February 25th. Finally, UBS Group cut 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 investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $77.18.

About Trex

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.