Trex Company Inc (TREX) Position Raised by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC boosted its stake in Trex Company Inc (NYSE:TREX) by 1.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,179,679 shares of the construction company’s stock after purchasing an additional 19,237 shares during the quarter. Trex comprises about 2.0% of Conestoga Capital Advisors LLC’s holdings, making the stock its 23rd biggest position. Conestoga Capital Advisors LLC owned 2.00% of Trex worth $72,574,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in shares of Trex by 3.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,097,263 shares of the construction company’s stock valued at $84,467,000 after buying an additional 32,774 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Trex by 575.9% in the 3rd quarter. Renaissance Technologies LLC now owns 295,200 shares of the construction company’s stock valued at $22,724,000 after purchasing an additional 251,524 shares during the period. Deutsche Bank AG grew its stake in Trex by 121.4% in the 3rd quarter. Deutsche Bank AG now owns 319,013 shares of the construction company’s stock valued at $24,555,000 after buying an additional 174,898 shares during the last quarter. Paloma Partners Management Co grew its stake in Trex by 85.0% in the 3rd quarter. Paloma Partners Management Co now owns 11,038 shares of the construction company’s stock valued at $849,000 after buying an additional 5,073 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in Trex in the 3rd quarter valued at about $397,000. Institutional investors and hedge funds own 94.32% of the company’s stock.

A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Trex from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. DA Davidson assumed coverage on shares of Trex in a research report on Friday, April 5th. They set a “buy” rating and a $80.00 target price on the stock. Stifel Nicolaus upgraded shares of Trex from a “hold” rating to a “buy” rating and increased their target price for the stock from $70.00 to $72.00 in a research report on Thursday, March 28th. B. Riley lowered shares of Trex from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $80.00 to $72.00 in a research report on Tuesday, April 30th. Finally, Berenberg Bank restated a “buy” rating and set a $89.00 target price on shares of Trex in a research report on Wednesday, February 27th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Trex currently has a consensus rating of “Hold” and a consensus price target of $75.13.

In other Trex news, insider James E. Cline sold 13,495 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $77.95, for a total value of $1,051,935.25. Following the completion of the sale, the insider now directly owns 82,391 shares in the company, valued at $6,422,378.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William R. Gupp sold 4,306 shares of Trex stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $76.74, for a total transaction of $330,442.44. Following the transaction, the senior vice president now owns 68,486 shares of the company’s stock, valued at $5,255,615.64. The disclosure for this sale can be found here. Insiders sold 34,344 shares of company stock valued at $2,514,523 over the last 90 days. Corporate insiders own 0.93% of the company’s stock.

Shares of TREX stock traded up $0.68 during trading hours on Friday, hitting $63.15. 537,412 shares of the company’s stock traded hands, compared to its average volume of 916,796. The company has a market capitalization of $3.65 billion, a P/E ratio of 26.87, a PEG ratio of 2.61 and a beta of 1.98. Trex Company Inc has a 12 month low of $50.88 and a 12 month high of $90.74.

Trex (NYSE:TREX) last released its quarterly earnings results on Monday, April 29th. The construction company reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.05). Trex had a net margin of 18.63% and a return on equity of 40.07%. The business had revenue of $179.57 million for the quarter, compared to the consensus estimate of $176.75 million. During the same period in the previous year, the business posted $0.63 EPS. Trex’s revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts expect that Trex Company Inc will post 2.39 earnings per share for the current year.

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Trex Profile

Trex Co, Inc engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola and outdoor kitchens, fencing, collections, and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products.

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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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