Conestoga Capital Advisors LLC Has $108.57 Million Position in Trex Company, Inc. $TREX

Key Points

• Conestoga Capital Advisors LLC has reduced its position in Trex Company, Inc. by 0.3%, now holding approximately 1,996,530 shares, valued at around $108.57 million.
• Various hedge funds have altered their stakes in Trex, with significant increases from several firms during the 2nd quarter, affecting approximately 95.96% of the stock owned by institutional investors.
• Analysts have mixed ratings for Trex, with Zacks Research downgrading it to a "strong sell," while Robert W. Baird upgraded its rating and price target to $75.00.

Conestoga Capital Advisors LLC reduced its position in shares of Trex Company, Inc. (NYSE:TREX - Free Report) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,996,530 shares of the construction company's stock after selling 5,938 shares during the period. Trex makes up about 1.6% of Conestoga Capital Advisors LLC's portfolio, making the stock its 29th biggest holding. Conestoga Capital Advisors LLC owned approximately 1.86% of Trex worth $108,571,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. acquired a new stake in Trex during the 2nd quarter worth approximately $31,000. Parallel Advisors LLC raised its holdings in Trex by 28.4% in the 2nd quarter. Parallel Advisors LLC now owns 1,049 shares of the construction company's stock valued at $57,000 after acquiring an additional 232 shares in the last quarter. Brooklyn Investment Group raised its holdings in Trex by 35,733.3% in the 1st quarter. Brooklyn Investment Group now owns 1,075 shares of the construction company's stock valued at $62,000 after acquiring an additional 1,072 shares in the last quarter. CWM LLC raised its holdings in Trex by 16.8% in the 2nd quarter. CWM LLC now owns 1,141 shares of the construction company's stock valued at $62,000 after acquiring an additional 164 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Trex by 41.4% in the 2nd quarter. UMB Bank n.a. now owns 1,168 shares of the construction company's stock valued at $64,000 after acquiring an additional 342 shares in the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Zacks Research cut Trex from a "hold" rating to a "strong sell" rating in a report on Monday, October 13th. Robert W. Baird raised Trex from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $65.00 to $75.00 in a report on Thursday, July 10th. Loop Capital reaffirmed a "hold" rating and issued a $66.00 price objective on shares of Trex in a report on Tuesday, August 5th. Stifel Nicolaus set a $61.00 price objective on Trex and gave the company a "buy" rating in a report on Wednesday, October 8th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Trex in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $70.71.

Insiders Place Their Bets

In related news, SVP Amy M. Fernandez sold 1,538 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $64.18, for a total transaction of $98,708.84. Following the sale, the senior vice president owned 22,953 shares in the company, valued at $1,473,123.54. The trade was a 6.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.74% of the stock is owned by corporate insiders.

Trex Stock Performance

Shares of TREX opened at $50.89 on Monday. Trex Company, Inc. has a 52-week low of $49.01 and a 52-week high of $80.74. The business's fifty day moving average is $57.47 and its 200-day moving average is $58.11. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 2.12 and a beta of 1.49.

Trex (NYSE:TREX - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The construction company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. The business had revenue of $387.80 million for the quarter, compared to analyst estimates of $377.49 million. Trex had a return on equity of 21.27% and a net margin of 16.53%.Trex's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS. Trex has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Trex Company, Inc. will post 2.04 EPS for the current fiscal year.

Trex 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.

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