Trex Company, Inc. (NYSE:TREX) Shares Acquired by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC increased its stake in Trex Company, Inc. (NYSE:TREX - Free Report) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,967,748 shares of the construction company's stock after purchasing an additional 17,405 shares during the quarter. Trex comprises about 1.8% of Conestoga Capital Advisors LLC's portfolio, making the stock its 22nd biggest holding. Conestoga Capital Advisors LLC owned 1.84% of Trex worth $135,834,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of TREX. Wilmington Savings Fund Society FSB acquired a new position in shares of Trex during the third quarter valued at approximately $30,000. Avior Wealth Management LLC boosted its stake in Trex by 1,212.8% during the 4th quarter. Avior Wealth Management LLC now owns 512 shares of the construction company's stock valued at $35,000 after purchasing an additional 473 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of Trex in the 4th quarter worth $41,000. UMB Bank n.a. lifted its holdings in shares of Trex by 150.8% in the third quarter. UMB Bank n.a. now owns 652 shares of the construction company's stock valued at $43,000 after buying an additional 392 shares during the period. Finally, Quarry LP grew its holdings in Trex by 576.4% during the second quarter. Quarry LP now owns 602 shares of the construction company's stock worth $45,000 after acquiring an additional 513 shares during the period. Institutional investors and hedge funds own 95.96% of the company's stock.

Trex Price Performance

Shares of NYSE TREX opened at $72.80 on Monday. Trex Company, Inc. has a one year low of $58.68 and a one year high of $101.91. The business's 50-day moving average price is $72.59 and its two-hundred day moving average price is $69.83. The company has a market capitalization of $7.80 billion, a P/E ratio of 33.24, a price-to-earnings-growth ratio of 2.80 and a beta of 1.51.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TREX. Citigroup reduced their price objective on shares of Trex from $84.00 to $78.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. DA Davidson increased their target price on shares of Trex from $70.00 to $74.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. StockNews.com lowered shares of Trex from a "hold" rating to a "sell" rating in a research report on Tuesday, October 29th. Barclays cut their price objective on Trex from $68.00 to $67.00 and set an "underweight" rating for the company in a research report on Tuesday, October 29th. Finally, BMO Capital Markets boosted their target price on Trex from $67.00 to $72.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $79.81.

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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