Conestoga Capital Advisors buys $36,219,544 stake in Trex Company (TREX)

Trex Company (TREX) : Conestoga Capital Advisors scooped up 12,570 additional shares in Trex Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 594,738 shares of Trex Company which is valued at $36,219,544.Trex Company makes up approximately 2.49% of Conestoga Capital Advisors’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp reduced its stake in TREX by selling 1,401 shares or 89.29% in the most recent quarter. The Hedge Fund company now holds 168 shares of TREX which is valued at $10,231. Simplex Trading sold out all of its stake in TREX during the most recent quarter. The investment firm sold 1,696 shares of TREX which is valued $101,421.Curbstone Financial Management Corp reduced its stake in TREX by selling 1,450 shares or 11.79% in the most recent quarter. The Hedge Fund company now holds 10,850 shares of TREX which is valued at $643,731. Trex Company makes up approx 0.21% of Curbstone Financial Management Corp’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in TREX by selling 4,670 shares or 50.39% in the most recent quarter. The Hedge Fund company now holds 4,597 shares of TREX which is valued at $272,740.

Trex Company closed down -1.7 points or -2.79% at $59.2 with 1,15,806 shares getting traded on Tuesday. Post opening the session at $60.62, the shares hit an intraday low of $59.02 and an intraday high of $60.93 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Trex Company reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.71. The company had revenue of $146.45 million for the quarter, compared to analysts expectations of $145.18 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

Many Wall Street Analysts have commented on Trex Company. Company shares were Downgraded by Wedbush on Aug 3, 2016 to ” Neutral”, Firm has raised the Price Target to $ 53 from a previous price target of $50 .Trex Company was Downgraded by CL King to ” Neutral” on Aug 3, 2016.

Trex Company Inc. is a manufacturer of wood-alternative decking and railing products. The Company markets its products under the brand name Trex. The Company offers a range of products in the decking railing porch fencing trim steel deck framing and outdoor lighting categories. The Company’s decking products include Trex Transcend Trex Enhance and Trex Select. The Company’s railing products include Trex Transcend Railing Trex Select Railing and Trex Reveal aluminum railing. The Company offers porch product Trex Transcend Porch Flooring and Railing System. Trex Elevations is the Company’s steel deck framing system. The Company offers fencing product Trex Seclusions. The Company offers outdoor lighting systems Trex DeckLighting and Trex Landscape Lighting. TrexTrim is the Company’s cellular PVC outdoor trim product. The Company offers Trex Hideaway which is a hidden fastening system for specially grooved boards.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Trex Company - Is it time to Sell?

Top Brokerage Firms are advising their investors on Trex Company. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.