Epoch Investment Partners Inc. Has $19.51 Million Holdings in Trex Company, Inc. $TREX

Key Points

• Epoch Investment Partners Inc. reduced its stake in Trex Company, Inc. by 39.3%, now holding approximately 335,756 shares valued at $19.51 million.
• Institutional investors collectively own 95.96% of Trex's stock, with notable increases in share holdings from several firms, including a 132.8% rise by Price T Rowe Associates.
• Trex reported a quarterly EPS of $0.74, surpassing analyst expectations and achieving a revenue of $387.80 million, marking a year-over-year revenue increase of 3%.

Epoch Investment Partners Inc. cut its holdings in Trex Company, Inc. (NYSE:TREX - Free Report) by 39.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 335,756 shares of the construction company's stock after selling 217,825 shares during the period. Epoch Investment Partners Inc. owned approximately 0.31% of Trex worth $19,507,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in Trex by 132.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,297,863 shares of the construction company's stock worth $424,007,000 after purchasing an additional 4,163,014 shares during the period. Bamco Inc. NY lifted its position in Trex by 6.2% during the fourth quarter. Bamco Inc. NY now owns 2,153,133 shares of the construction company's stock worth $148,631,000 after purchasing an additional 126,441 shares during the period. Balyasny Asset Management L.P. lifted its position in Trex by 86.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,029,034 shares of the construction company's stock worth $140,064,000 after purchasing an additional 939,960 shares during the period. Conestoga Capital Advisors LLC lifted its position in Trex by 1.8% during the first quarter. Conestoga Capital Advisors LLC now owns 2,002,468 shares of the construction company's stock worth $116,343,000 after purchasing an additional 34,720 shares during the period. Finally, American Century Companies Inc. lifted its position in Trex by 66.1% during the first quarter. American Century Companies Inc. now owns 1,972,125 shares of the construction company's stock worth $114,580,000 after purchasing an additional 784,820 shares during the period. Institutional investors own 95.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Benchmark reaffirmed a "buy" rating and set a $80.00 price objective on shares of Trex in a research report on Monday, May 12th. Loop Capital reaffirmed a "hold" rating and set a $66.00 price objective on shares of Trex in a research report on Tuesday, August 5th. DA Davidson set a $65.00 price objective on shares of Trex and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Robert W. Baird raised shares of Trex from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $65.00 to $75.00 in a report on Thursday, July 10th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Trex from $73.00 to $71.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Trex currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.93.

Insider Transactions at Trex

In related news, SVP Amy M. Fernandez sold 1,538 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $64.18, for a total value of $98,708.84. Following the completion of the transaction, the senior vice president owned 22,953 shares in the company, valued at $1,473,123.54. This trade represents a 6.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.74% of the stock is currently owned by company insiders.

Trex Trading Down 0.1%

TREX stock opened at $63.53 on Wednesday. The stock has a market capitalization of $6.81 billion, a P/E ratio of 36.72, a price-to-earnings-growth ratio of 2.66 and a beta of 1.51. Trex Company, Inc. has a 12 month low of $49.01 and a 12 month high of $80.74. The firm has a 50-day moving average price of $61.31 and a 200-day moving average price of $59.44.

Trex (NYSE:TREX - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The construction company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. The business had revenue of $387.80 million during the quarter, compared to analyst estimates of $377.49 million. Trex had a net margin of 16.53% and a return on equity of 21.27%. The firm's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business earned $0.80 EPS. Trex has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

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.

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