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

Natixis Advisors LLC boosted its holdings in shares of Trex Company, Inc. (NYSE:TREX) by 11.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 758,544 shares of the construction company’s stock after buying an additional 79,291 shares during the period. Natixis Advisors LLC owned approximately 0.71% of Trex worth $39,194,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Trex during the third quarter worth about $31,000. Rothschild Investment LLC acquired a new stake in shares of Trex in the 3rd quarter worth about $60,000. Clearstead Advisors LLC lifted its position in Trex by 91.8% in the 3rd quarter. Clearstead Advisors LLC now owns 1,500 shares of the construction company’s stock valued at $78,000 after acquiring an additional 718 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Trex by 662.3% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,517 shares of the construction company’s stock valued at $78,000 after acquiring an additional 1,318 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Trex by 37.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,999 shares of the construction company’s stock valued at $103,000 after purchasing an additional 541 shares during the last quarter. 95.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on TREX shares. BMO Capital Markets reissued an “outperform” rating and set a $54.00 price objective on shares of Trex in a report on Thursday, January 8th. Benchmark lowered Trex from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. Wolfe Research raised Trex from a “peer perform” rating to an “outperform” rating and set a $47.00 target price on the stock in a research report on Wednesday, January 7th. Loop Capital upgraded Trex from a “hold” rating to a “buy” rating and upped their price target for the stock from $45.00 to $53.00 in a report on Wednesday, February 25th. Finally, UBS Group increased their price target on Trex from $52.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Ten investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $47.73.

Trex Stock Performance

NYSE:TREX opened at $37.31 on Tuesday. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 8.63 and a beta of 1.58. Trex Company, Inc. has a 52 week low of $29.77 and a 52 week high of $68.78. The firm has a 50-day moving average price of $41.11 and a two-hundred day moving average price of $44.20.

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

About Trex

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.