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

Key Points

• Truist Financial raised its Trex price target from $60 to $75 and maintained a Buy rating, implying about 29.9% upside from the share price at the time of the report.
• Trex reported quarterly earnings of $0.55 per share, beating the $0.48 consensus estimate, while revenue of $359.5 million rose 26% year over year and topped forecasts.
• The company 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.

Trex (NYSE:TREX - Get Free Report) had its price objective upped by equities research analysts at Truist Financial from $60.00 to $75.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a "buy" rating on the construction company's stock. Truist Financial's price objective would suggest a potential upside of 29.86% from the company's current price.

A number of other equities research analysts have also weighed in on the stock. Weiss Ratings raised shares of Trex from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, September 1st. BMO Capital Markets set a $57.00 target price on Trex in a research note on Wednesday, August 5th. DA Davidson reaffirmed a "buy" rating and set a $55.00 price target on shares of Trex in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft upgraded 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 note on Thursday, October 8th. Finally, Citigroup reiterated a "neutral" rating and set a $52.00 price target (up from $43.00) on shares of Trex in a research note on Wednesday, July 15th. Thirteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $53.72.

Trex Stock Up 1.1%

Shares of Trex stock traded up $0.61 during midday trading on Thursday, hitting $57.76. The company had a trading volume of 1,234,894 shares, compared to its average volume of 1,936,287. The company has a fifty day simple moving average of $45.95 and a 200 day simple moving average of $43.31. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 34.31, a PEG ratio of 2.90 and a beta of 1.46. Trex has a 12-month low of $29.77 and a 12-month high of $60.21.

Trex (NYSE:TREX - Get Free Report) 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 net margin of 14.68% and a return on equity of 18.03%. The company had revenue of $359.50 million for the quarter, compared to the consensus estimate of $314.86 million. During the same quarter in the previous year, the firm earned $0.51 EPS. Trex's revenue was up 26.0% compared to the same quarter last year. As a group, analysts expect that Trex will post 1.77 EPS for the current year.

Insider Buying and Selling

In other Trex news, SVP Amy M. Fernandez sold 1,050 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $50.07, for a total transaction of $52,573.50. Following the sale, the senior vice president directly owned 67,794 shares of the company's stock, valued at approximately $3,394,445.58. This trade represents a 1.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.93% of the company's stock.

Hedge Funds Weigh In On Trex

Institutional investors and hedge funds have recently modified their holdings of the stock. Ascentis Independent Advisors acquired a new stake in shares of Trex in the first quarter valued at about $44,000. Elevation Wealth Partners LLC raised its position in shares of Trex by 250.7% during the 3rd quarter. Elevation Wealth Partners LLC now owns 1,224 shares of the construction company's stock worth $53,000 after purchasing an additional 875 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Trex by 104.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,269 shares of the construction company's stock worth $55,000 after purchasing an additional 649 shares during the last quarter. Versant Capital Management Inc purchased a new position in Trex in the 2nd quarter valued at about $58,000. Finally, Parallel Advisors LLC lifted its stake in Trex by 77.6% in the 1st quarter. Parallel Advisors LLC now owns 2,120 shares of the construction company's stock valued at $77,000 after buying an additional 926 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company's stock.

Key Trex News

Here are the key news stories impacting Trex this week:

• Positive Sentiment: Trex reported record third-quarter revenue of $359.5 million, up 26% year over year, and earnings of $0.55 per share, beating analyst estimates. Trex third-quarter results
• Positive Sentiment: The company 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. Management cited volume-driven growth, execution of its distribution strategy and the ramp-up of its Arkansas facility as support for its outlook. Trex outlook and revenue target
• Positive Sentiment: Bank of America upgraded TREX from “underperform” to “buy” and raised its price target to $65 from $46, signaling increased confidence in the shares. Bank of America upgrade
• Neutral Sentiment: A separate analysis raises the question of whether Trex is fully valued after record revenue and stronger guidance, highlighting valuation as a potential restraint on further gains. Trex valuation analysis

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.

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