Trex (NYSE:TREX) Stock Rating Upgraded by Bank of America

Trex (NYSE:TREX) was upgraded by equities research analysts at Bank of America from an “underperform” rating to a “buy” rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The brokerage currently has a $65.00 target price on the construction company’s stock. Bank of America‘s target price points to a potential upside of 13.36% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. BMO Capital Markets set a $57.00 price target on shares of Trex in a report on Wednesday, August 5th. Stifel Nicolaus set a $55.00 target price on shares of Trex and gave the company a “buy” rating in a research report on Monday, October 19th. Barclays reaffirmed an “underweight” rating and set a $42.00 target price (up from $36.00) on shares of Trex in a research note on Tuesday, July 14th. UBS Group reiterated a “buy” rating and issued a $61.00 price target (up from $59.00) on shares of Trex in a research note on Tuesday, July 14th. Finally, Melius Research started coverage on Trex in a report on Tuesday, October 6th. They set a “buy” rating and a $62.00 price objective on the stock. Thirteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.89.

Trex Stock Performance

Shares of TREX opened at $57.34 on Thursday. Trex has a 52-week low of $29.77 and a 52-week high of $58.70. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 2.90 and a beta of 1.46. The business’s fifty day moving average is $45.95 and its 200-day moving average is $43.31.

Trex (NYSE:TREX) last announced its quarterly earnings data on Wednesday, November 4th. The construction company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.07. Trex had a return on equity of 18.03% and a net margin of 14.68%. The business had revenue of $359.50 million during the quarter, compared to the consensus estimate of $314.86 million. During the same period in the prior year, the company earned $0.51 EPS. Trex’s revenue for the quarter was up 26.0% on a year-over-year basis. As a group, research analysts forecast that Trex will post 1.77 EPS for the current fiscal year.

Insider Activity

In related news, SVP Amy M. Fernandez sold 1,050 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $50.07, for a total value of $52,573.50. Following the sale, the senior vice president owned 67,794 shares of the company’s stock, valued at $3,394,445.58. The trade was a 1.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.93% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC raised its stake in shares of Trex by 1.1% in the third quarter. Chicago Partners Investment Group LLC now owns 21,868 shares of the construction company’s stock worth $1,102,000 after purchasing an additional 247 shares during the last quarter. Citizens Financial Group Inc. RI boosted its position in shares of Trex by 5.5% during the third quarter. Citizens Financial Group Inc. RI now owns 5,369 shares of the construction company’s stock valued at $234,000 after buying an additional 280 shares during the last quarter. Parallel Advisors LLC grew its holdings in Trex by 10.3% during the third quarter. Parallel Advisors LLC now owns 4,103 shares of the construction company’s stock worth $179,000 after buying an additional 382 shares in the last quarter. Byrne Asset Management LLC grew its holdings in Trex by 21.0% during the third quarter. Byrne Asset Management LLC now owns 3,686 shares of the construction company’s stock worth $160,000 after buying an additional 639 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Trex by 104.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,269 shares of the construction company’s stock valued at $55,000 after buying an additional 649 shares during the last quarter. Institutional investors own 95.96% of the company’s stock.

Key Trex News

Here are the key news stories impacting Trex this week:

• Positive Sentiment: For Q3 2026, Trex reported adjusted earnings of $0.55 per share, above estimates of roughly $0.48–$0.49 and up from $0.51 a year earlier. Revenue reached $359.5 million, beating the $314.9 million consensus estimate and rising 26% year over year. The company also cited record third-quarter revenue for a second consecutive quarter. Trex Q3 results
• Positive Sentiment: Trex raised its 2026 sales outlook to $1.296 billion–$1.306 billion and set a goal of reaching $2 billion in revenue by 2030, signaling stronger near- and longer-term growth expectations. Trex sales outlook and 2030 target
• Positive Sentiment: Management said the company is executing an enhanced distribution strategy and ramping up its Arkansas manufacturing facility—initiatives that may support future growth and capacity. Q3 2026 earnings call summary

About Trex

Trex Company, Inc is a manufacturer of composite decking and outdoor living products. Its offerings are designed as alternatives to traditional wood and include residential and commercial decking, railing systems, outdoor lighting, and related accessories.

The company’s products are marketed under the Trex brand and include decking lines such as Trex Transcend, Trex Select, and Trex Enhance. Trex composite products are made primarily from recycled wood fibers and recycled polyethylene plastics, supporting the company’s focus on low-maintenance and environmentally oriented outdoor building materials.

Founded in 1996 and headquartered in Winchester, Virginia, Trex serves customers through a network of distributors, dealers, retailers, contractors, and building professionals.