Trex (NYSE:TREX) Stock Price Expected to Rise, Citigroup Analyst Says

Key Points

• Citigroup raised its Trex price target from $52 to $59 but kept a neutral rating, implying 5.11% upside from the prior close.
• Trex beat quarterly expectations, reporting earnings of $0.55 per share versus $0.48 expected and revenue of $359.5 million, up 26% year over year.
• Analyst views are broadly positive but mixed: MarketBeat reported a “Moderate Buy” consensus and an average price target of $54.33, while other firms issued targets as high as $75.

Trex (NYSE:TREX - Get Free Report) had its price objective raised by stock analysts at Citigroup from $52.00 to $59.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a "neutral" rating on the construction company's stock. Citigroup's price target would indicate a potential upside of 5.11% from the company's previous close.

TREX has been the topic of several other reports. Truist Financial lifted their price target on shares of Trex from $60.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft upgraded shares of Trex from a "hold" rating to a "buy" rating and increased their price objective for the stock from $53.00 to $57.00 in a research note on Thursday, October 8th. UBS Group restated a "buy" rating and issued a $61.00 price objective (up from $59.00) on shares of Trex in a report on Tuesday, July 14th. Weiss Ratings raised Trex from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, September 1st. Finally, Wall Street Zen upgraded Trex from a "sell" rating to a "hold" rating in a report on Sunday, July 12th. Thirteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $54.33.

Trex Stock Performance

NYSE TREX traded down $1.02 during trading hours on Thursday, reaching $56.13. 4,957,113 shares of the company's stock were exchanged, compared to its average volume of 1,956,074. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 33.41, a price-to-earnings-growth ratio of 2.90 and a beta of 1.46. The company's 50-day moving average is $45.95 and its two-hundred day moving average is $43.31. Trex has a one year low of $29.77 and a one year high of $60.21.

Trex (NYSE:TREX - Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The construction company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.07. The company had revenue of $359.50 million for the quarter, compared to analyst estimates of $314.86 million. Trex had a return on equity of 18.03% and a net margin of 14.68%. The company's quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 earnings per share. Research analysts predict that Trex will post 1.77 earnings per share for the current fiscal year.

Insider Transactions at Trex

In other news, SVP Amy M. Fernandez sold 1,050 shares of Trex stock in a transaction on Friday, August 7th. The stock was sold at an average price of $50.07, for a total transaction of $52,573.50. Following the completion of the sale, the senior vice president 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.93% of the stock is owned by company insiders.

Institutional Trading of Trex

Institutional investors have recently modified their holdings of the stock. AlphaCore Capital LLC raised its stake in shares of Trex by 95.1% during the third quarter. AlphaCore Capital LLC now owns 8,732 shares of the construction company's stock worth $380,000 after acquiring an additional 4,257 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Trex by 10.3% in the 3rd quarter. Parallel Advisors LLC now owns 4,103 shares of the construction company's stock valued at $179,000 after purchasing an additional 382 shares in the last quarter. Platform Technology Partners purchased a new stake in shares of Trex in the 3rd quarter valued at $209,000. Chicago Partners Investment Group LLC boosted its stake 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 purchasing an additional 247 shares in the last quarter. Finally, Associated Banc Corp bought a new position in shares of Trex during the 3rd quarter valued at $217,000. 95.96% of the stock is currently owned by institutional investors.

Trending Headlines about Trex

Here are the key news stories impacting Trex this week:

• Positive Sentiment: Trex reported Q3 EPS of $0.55, ahead of consensus estimates of roughly $0.48–$0.49, while revenue of $359.5 million exceeded expectations of about $315 million and rose 26% year over year. The company also cited record revenue for a second consecutive quarter. Trex Q3 results
• Positive Sentiment: Management raised its 2026 sales outlook to $1.296 billion–$1.306 billion and set a goal of reaching $2 billion in revenue by 2030. Its distribution strategy and the ramp-up of a new Arkansas facility are key parts of the growth outlook. Trex outlook
• Positive Sentiment: Bank of America upgraded Trex from “underperform” to “buy” and raised its price target to $65. Truist also maintained a “buy” rating while lifting its target to $75. Bank of America rating Truist rating
• Neutral Sentiment: Shares had surged following the earnings report, and coverage asking whether Trex is fully valued points to valuation as a potential consideration after the rally. Valuation discussion
• Negative Sentiment: Barclays remains “underweight” despite raising its target to $46, a level below the stock’s recent $56.13 quote. Its cautious stance contrasts with the bullish upgrades and flags potential downside. Barclays price target

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.

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