Natixis Advisors LLC Acquires 79,291 Shares of Trex Company, Inc. $TREX

Natixis Advisors LLC increased its stake in Trex Company, Inc. (NYSE:TREX) by 11.7% during the third quarter, according to its most recent filing with the SEC. The fund owned 758,544 shares of the construction company’s stock after buying an additional 79,291 shares during the quarter. Natixis Advisors LLC’s holdings in Trex were worth $39,194,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in Trex by 29.8% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 725,080 shares of the construction company’s stock valued at $37,465,000 after acquiring an additional 166,363 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Trex by 359.3% during the 3rd quarter. First Trust Advisors LP now owns 101,230 shares of the construction company’s stock worth $5,231,000 after purchasing an additional 79,192 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Trex during the 3rd quarter worth approximately $202,000. Chapman Financial Group LLC bought a new stake in shares of Trex in the 3rd quarter worth approximately $649,000. Finally, Barclays PLC raised its holdings in shares of Trex by 12.4% in the 3rd quarter. Barclays PLC now owns 132,002 shares of the construction company’s stock worth $6,821,000 after purchasing an additional 14,556 shares during the period. Institutional investors own 95.96% of the company’s stock.

Trex Trading Down 0.6%

Trex stock opened at $37.31 on Tuesday. The firm has a 50 day simple moving average of $41.11 and a 200 day simple moving average of $44.20. Trex Company, Inc. has a 1-year low of $29.77 and a 1-year high of $68.78. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 21.08, a P/E/G ratio of 8.63 and a beta of 1.58.

Trex (NYSE:TREX) last posted its earnings results on Tuesday, February 24th. The construction company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.05. Trex had a return on equity of 20.29% and a net margin of 16.22%.The firm had revenue of $161.13 million for the quarter, compared to the consensus estimate of $144.39 million. During the same quarter in the prior year, the business posted $0.09 earnings per share. The business’s quarterly revenue was down 3.9% on a year-over-year basis. On average, equities research analysts forecast that Trex Company, Inc. will post 2.04 EPS for the current year.

Analyst Upgrades and Downgrades

TREX has been the subject of several research reports. Robert W. Baird set a $48.00 price objective on Trex in a report on Monday, January 12th. Barclays boosted their target price on Trex from $32.00 to $39.00 and gave the company an “underweight” rating in a research note on Wednesday, February 25th. Zacks Research raised Trex from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Citigroup increased their price target on Trex from $39.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Trex in a report on Monday, December 29th. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Trex presently has a consensus rating of “Hold” and a consensus target price of $47.73.

Trex Company Profile

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company’s core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex’s product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.