Natixis Advisors LLC Has $3.12 Million Holdings in Trex Company, Inc. (NYSE:TREX)

Natixis Advisors LLC decreased its position in Trex Company, Inc. (NYSE:TREX) by 3.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 46,906 shares of the construction company’s stock after selling 1,697 shares during the period. Natixis Advisors LLC’s holdings in Trex were worth $3,123,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in TREX. Curi RMB Capital LLC increased its position in Trex by 27.2% during the 3rd quarter. Curi RMB Capital LLC now owns 68,149 shares of the construction company’s stock worth $4,537,000 after buying an additional 14,558 shares during the period. KBC Group NV increased its position in Trex by 336.8% during the third quarter. KBC Group NV now owns 50,719 shares of the construction company’s stock worth $3,377,000 after acquiring an additional 39,108 shares during the period. Oppenheimer Asset Management Inc. raised its stake in Trex by 23.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 55,329 shares of the construction company’s stock worth $3,684,000 after purchasing an additional 10,454 shares in the last quarter. Geneva Capital Management LLC boosted its holdings in Trex by 0.4% in the 3rd quarter. Geneva Capital Management LLC now owns 1,592,533 shares of the construction company’s stock valued at $106,031,000 after purchasing an additional 6,616 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of Trex during the 3rd quarter worth approximately $626,000. Institutional investors own 95.96% of the company’s stock.

Wall Street Analysts Forecast Growth

TREX has been the subject of several recent research reports. StockNews.com cut Trex from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Barclays cut their price target on shares of Trex from $68.00 to $67.00 and set an “underweight” rating for the company in a report on Tuesday, October 29th. Loop Capital cut shares of Trex from a “buy” rating to a “hold” rating and decreased their price objective for the company from $95.00 to $75.00 in a research note on Wednesday, August 7th. B. Riley reduced their target price on Trex from $107.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. dropped their target price on Trex from $95.00 to $69.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Trex has a consensus rating of “Hold” and a consensus price target of $79.94.

Trex Stock Up 2.7 %

Shares of NYSE TREX opened at $72.25 on Friday. The company has a market capitalization of $7.74 billion, a PE ratio of 32.99, a P/E/G ratio of 3.20 and a beta of 1.49. The firm has a fifty day simple moving average of $67.94 and a 200 day simple moving average of $73.44. Trex Company, Inc. has a twelve month low of $58.68 and a twelve month high of $101.91.

Trex (NYSE:TREX) last announced its quarterly earnings data on Monday, October 28th. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. Trex had a return on equity of 28.89% and a net margin of 20.23%. The company had revenue of $233.72 million for the quarter, compared to the consensus estimate of $225.42 million. During the same period in the previous year, the business earned $0.57 EPS. The firm’s revenue was down 23.1% compared to the same quarter last year. As a group, equities analysts expect that Trex Company, Inc. will post 2.05 earnings per share 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.