Trex (NYSE:TREX) Stock Gets Price Target Boost from Barclays

Trex (NYSE:TREX) had its price objective increased by investment analysts at Barclays from $42.00 to $46.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an “underweight” rating on the construction company’s stock. Barclays‘s target price points to a potential downside of 19.13% from the company’s current price.

TREX has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft raised shares of Trex from a “hold” rating to a “buy” rating and boosted their price target for the company from $53.00 to $57.00 in a research report on Thursday, October 8th. Stephens increased their target price on Trex from $45.00 to $50.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. BMO Capital Markets set a $57.00 price objective on Trex in a report on Wednesday, August 5th. Truist Financial upped their price objective on shares of Trex from $60.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $56.00 target price (up from $49.00) on shares of Trex in a research note on Friday, July 10th. Thirteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Trex presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.94.

Trex Stock Down 0.5%

Shares of TREX traded down $0.27 during trading hours on Thursday, reaching $56.88. 2,527,021 shares of the company traded hands, compared to its average volume of 1,944,002. The company’s fifty day moving average price is $45.95 and its two-hundred day moving average price is $43.31. Trex has a 12 month low of $29.77 and a 12 month high of $60.21. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 2.90 and a beta of 1.46.

Trex (NYSE:TREX) last released its earnings results 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 last year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. On average, analysts expect that Trex will post 1.77 EPS for the current year.

Insider Activity

In related news, SVP Amy M. Fernandez sold 1,050 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $50.07, for a total value of $52,573.50. Following the sale, the senior vice president directly owned 67,794 shares in the company, valued at approximately $3,394,445.58. The trade was a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.93% of the stock is currently owned by insiders.

Institutional Trading of Trex

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. AlphaCore Capital LLC grew its holdings in Trex by 95.1% in the 3rd quarter. AlphaCore Capital LLC now owns 8,732 shares of the construction company’s stock valued at $380,000 after buying an additional 4,257 shares in the last quarter. Parallel Advisors LLC raised its holdings in Trex by 10.3% in the third quarter. Parallel Advisors LLC now owns 4,103 shares of the construction company’s stock valued at $179,000 after acquiring an additional 382 shares in the last quarter. Platform Technology Partners purchased a new position in Trex in the third quarter valued at $209,000. Chicago Partners Investment Group LLC grew its position in shares of Trex by 1.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 21,868 shares of the construction company’s stock valued at $1,102,000 after buying an additional 247 shares during the last quarter. Finally, Associated Banc Corp purchased a new position in Trex during the 3rd quarter worth approximately $217,000. 95.96% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Trex

Here are the key news stories impacting Trex this week:

• Positive Sentiment: Trex reported Q3 revenue of $359.5 million, up 26% year over year and well above expectations, while adjusted earnings of $0.55 per share also topped estimates. The company described the quarter as a record, its second consecutive record quarter. Trex Shares Rise After Higher 3Q Profit, Sales
• Positive Sentiment: Management raised its 2026 sales outlook to $1.296 billion–$1.306 billion and set a longer-term goal of $2 billion in revenue by 2030. It cited execution of its distribution strategy and the ramp-up of its Arkansas facility as parts of the growth outlook. Trex raises sales outlook and sets 2030 revenue target
• Positive Sentiment: Bank of America upgraded TREX from “underperform” to “buy” and raised its price target to $65 from $46. Truist Financial also raised its target to $75 from $60 and maintained a “buy” rating, adding to the positive analyst sentiment.

Trex Company Profile

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.