Conestoga Capital Advisors LLC lifted its holdings in shares of Trex Company Inc (NYSE:TREX) by 13.2% in the fourth quarter, Holdings Channel reports. The fund owned 670,834 shares of the construction company’s stock after acquiring an additional 78,200 shares during the period. Trex makes up 2.8% of Conestoga Capital Advisors LLC’s investment portfolio, making the stock its 8th largest position. Conestoga Capital Advisors LLC’s holdings in Trex were worth $72,712,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. increased its position in Trex by 352.7% in the third quarter. Bessemer Group Inc. now owns 1,435 shares of the construction company’s stock worth $129,000 after buying an additional 1,118 shares during the last quarter. Greenwood Capital Associates LLC purchased a new stake in Trex in the third quarter worth $202,000. Riverhead Capital Management LLC increased its position in Trex by 91.5% in the second quarter. Riverhead Capital Management LLC now owns 2,298 shares of the construction company’s stock worth $156,000 after buying an additional 1,098 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in Trex in the third quarter worth $212,000. Finally, Teacher Retirement System of Texas purchased a new stake in Trex in the third quarter worth $219,000. 88.73% of the stock is owned by institutional investors.

A number of analysts have issued reports on TREX shares. Zacks Investment Research downgraded Trex from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. B. Riley reiterated a “neutral” rating and issued a $96.00 price target (up from $80.00) on shares of Trex in a research report on Wednesday, November 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $89.00 price target on shares of Trex in a research report on Wednesday, November 1st. SunTrust Banks reiterated a “hold” rating and issued a $95.00 price target on shares of Trex in a research report on Wednesday, November 1st. Finally, FBR & Co lifted their price target on Trex from $80.00 to $96.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $99.00.

In related news, Director Jay M. Gratz sold 1,058 shares of Trex stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $116.95, for a total transaction of $123,733.10. Following the completion of the sale, the director now owns 8,801 shares of the company’s stock, valued at $1,029,276.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jay T. Scripter sold 1,116 shares of Trex stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $108.59, for a total value of $121,186.44. Following the sale, the vice president now directly owns 14,212 shares of the company’s stock, valued at approximately $1,543,281.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,072 shares of company stock valued at $888,262. 0.95% of the stock is owned by company insiders.

Shares of Trex Company Inc (NYSE TREX) traded up $4.14 during midday trading on Monday, hitting $114.24. The stock had a trading volume of 260,800 shares, compared to its average volume of 302,854. The stock has a market capitalization of $3,330.00, a PE ratio of 37.09 and a beta of 2.43. Trex Company Inc has a one year low of $61.57 and a one year high of $120.40.

Trex (NYSE:TREX) last announced its quarterly earnings results on Monday, October 30th. The construction company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.13. The company had revenue of $140.19 million during the quarter, compared to analysts’ expectations of $125.30 million. Trex had a return on equity of 51.30% and a net margin of 16.61%. The firm’s quarterly revenue was up 32.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share. equities analysts anticipate that Trex Company Inc will post 3.14 EPS for the current fiscal year.

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Trex Profile

Trex Company, Inc is a manufacturer of wood-alternative decking and railing products. The Company’s products are marketed under the brand name Trex and are manufactured in the United States. It offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.

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Institutional Ownership by Quarter for Trex (NYSE:TREX)

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