Epoch Investment Partners Inc. Reduces Position 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. lessened its holdings in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 39.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 335,756 shares of the construction company's stock after selling 217,825 shares during the quarter. Epoch Investment Partners Inc. owned 0.31% of Trex worth $19,507,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 valued at $424,007,000 after buying an additional 4,163,014 shares during the last quarter. Madison Asset Management LLC bought a new position in Trex in the 1st quarter valued at about $109,852,000. Balyasny Asset Management L.P. lifted its position in Trex by 86.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,029,034 shares of the construction company's stock valued at $140,064,000 after acquiring an additional 939,960 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Trex by 87.4% during the 4th quarter. Point72 Asset Management L.P. now owns 1,916,134 shares of the construction company's stock valued at $132,271,000 after purchasing an additional 893,675 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Trex by 66.1% during the 1st 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 in the last quarter. Institutional investors and hedge funds own 95.96% of the company's stock.

Insider Activity at Trex

In related news, SVP Amy M. Fernandez sold 1,538 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $64.18, for a total value of $98,708.84. Following the transaction, the senior vice president owned 22,953 shares in the company, valued at approximately $1,473,123.54. This represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.74% of the company's stock.

Trex Price Performance

Shares of NYSE TREX traded down $1.23 during mid-day trading on Monday, reaching $61.63. 1,338,373 shares of the company's stock were exchanged, compared to its average volume of 1,832,784. The firm has a 50-day moving average price of $61.90 and a two-hundred day moving average price of $59.25. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 35.62, a price-to-earnings-growth ratio of 2.58 and a beta of 1.51. Trex Company, Inc. has a 52 week low of $49.01 and a 52 week high of $80.74.

Trex (NYSE:TREX - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The construction company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. The business had revenue of $387.80 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company posted $0.80 earnings per share. Trex has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TREX. DA Davidson set a $65.00 target price on Trex and gave the company a "neutral" rating in a report on Tuesday, August 5th. Baird R W upgraded shares of Trex from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. B. Riley raised shares of Trex to a "strong-buy" rating in a research report on Monday, July 21st. Wall Street Zen upgraded shares of Trex from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Stephens decreased their price objective on shares of Trex from $73.00 to $65.00 and set an "equal weight" rating for the company in a research note on Monday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Trex currently has an average rating of "Moderate Buy" and an average price target of $71.93.

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.