Conestoga Capital Advisors LLC Has $156.15 Million Stock Holdings in Trex Company, Inc. (NYSE:TREX)

Conestoga Capital Advisors LLC lifted its position in Trex Company, Inc. (NYSE:TREX - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,886,128 shares of the construction company's stock after acquiring an additional 13,545 shares during the period. Trex comprises approximately 2.3% of Conestoga Capital Advisors LLC's holdings, making the stock its 15th largest position. Conestoga Capital Advisors LLC owned approximately 1.74% of Trex worth $156,153,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in TREX. Raymond James Financial Services Advisors Inc. increased its position in shares of Trex by 21.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 28,795 shares of the construction company's stock worth $1,881,000 after acquiring an additional 5,105 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Trex by 38.1% during the first quarter. Bank of Montreal Can now owns 18,867 shares of the construction company's stock worth $1,353,000 after purchasing an additional 5,210 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of Trex during the first quarter worth approximately $204,000. Great West Life Assurance Co. Can boosted its holdings in shares of Trex by 7.6% during the first quarter. Great West Life Assurance Co. Can now owns 62,354 shares of the construction company's stock worth $4,190,000 after purchasing an additional 4,387 shares during the period. Finally, Raymond James Trust N.A. boosted its holdings in shares of Trex by 23.3% during the first quarter. Raymond James Trust N.A. now owns 5,111 shares of the construction company's stock worth $334,000 after purchasing an additional 966 shares during the period. 95.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on TREX shares. UBS Group raised their price target on shares of Trex from $84.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, February 27th. Truist Financial raised their price target on shares of Trex from $70.00 to $120.00 and gave the stock a "buy" rating in a report on Tuesday, February 27th. Robert W. Baird lifted their target price on shares of Trex from $105.00 to $110.00 and gave the company a "neutral" rating in a research note on Monday. Stifel Nicolaus lifted their target price on shares of Trex from $90.00 to $107.00 and gave the company a "buy" rating in a research note on Tuesday, February 27th. Finally, Wolfe Research assumed coverage on shares of Trex in a research note on Tuesday, December 12th. They issued a "peer perform" rating for the company. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $88.72.

Trex Price Performance

TREX stock traded down $3.90 on Wednesday, reaching $92.12. 1,015,441 shares of the company were exchanged, compared to its average volume of 816,803. Trex Company, Inc. has a 12 month low of $49.49 and a 12 month high of $101.91. The stock's fifty day moving average price is $93.85 and its 200 day moving average price is $78.29. The firm has a market capitalization of $10.01 billion, a PE ratio of 48.74, a PEG ratio of 2.49 and a beta of 1.60.

Trex (NYSE:TREX - Get Free Report) last announced its earnings results on Monday, February 26th. The construction company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. Trex had a net margin of 18.76% and a return on equity of 31.26%. The business had revenue of $195.75 million for the quarter, compared to analyst estimates of $193.40 million. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Trex's revenue was up 1.9% compared to the same quarter last year. As a group, research analysts expect that Trex Company, Inc. will post 2.21 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.