Trex (NYSE:TREX) PT Set at $65.00 by DA Davidson

Key Points

• DA Davidson has raised Trex's (NYSE:TREX) price target from $60.00 to $65.00, indicating a potential downside of 1.38% from its current price.
• Loop Capital also increased its target price for Trex to $66.00, while Citigroup lowered its target from $78.00 to $60.00, reflecting varied analyst sentiment toward the stock.
• TREX saw a share price increase of 2.5% to $65.91 on Tuesday, with a market capitalization of $7.07 billion.

Trex (NYSE:TREX - Get Free Report) has been given a $65.00 price objective by equities research analysts at DA Davidson in a report released on Tuesday, Marketbeat.com reports. The firm currently has a "neutral" rating on the construction company's stock. DA Davidson's price objective points to a potential upside of 7.40% from the company's current price. DA Davidson also issued estimates for Trex's Q3 2025 earnings at $0.56 EPS and FY2026 earnings at $2.43 EPS.

Several other research analysts also recently commented on the stock. Citigroup dropped their target price on shares of Trex from $78.00 to $60.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Loop Capital raised their price target on Trex from $62.00 to $66.00 and gave the company a "hold" rating in a report on Thursday, July 10th. BMO Capital Markets upgraded Trex from a "market perform" rating to an "outperform" rating and set a $72.00 price objective for the company in a research report on Thursday, April 17th. UBS Group restated a "neutral" rating and set a $74.00 target price (up from $72.00) on shares of Trex in a report on Tuesday. Finally, Baird R W raised Trex from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Trex has a consensus rating of "Hold" and a consensus price target of $71.93.

Trex Trading Down 1.5%

NYSE TREX traded down $0.94 during mid-day trading on Tuesday, reaching $60.52. 234,181 shares of the company's stock traded hands, compared to its average volume of 1,600,704. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 34.84, a P/E/G ratio of 2.50 and a beta of 1.51. The company has a fifty day simple moving average of $59.57 and a 200-day simple moving average of $60.44. Trex has a 1-year low of $49.01 and a 1-year high of $80.74.

Trex (NYSE:TREX - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The construction company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.02. The company had revenue of $387.80 million for the quarter, compared to analysts' expectations of $377.49 million. Trex had a net margin of 16.53% and a return on equity of 21.27%. The business's revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS. Equities research analysts forecast that Trex will post 2.04 earnings per share for the current fiscal year.

Insider Transactions at Trex

In other news, SVP Amy M. Fernandez sold 2,366 shares of Trex stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $61.17, for a total transaction of $144,728.22. Following the sale, the senior vice president owned 24,569 shares of the company's stock, valued at approximately $1,502,885.73. The trade was a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jacob T. Rudolph sold 1,500 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $60.27, for a total transaction of $90,405.00. Following the sale, the senior vice president directly owned 27,527 shares of the company's stock, valued at $1,659,052.29. This represents a 5.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,404 shares of company stock valued at $333,842 over the last quarter. Insiders own 0.71% of the company's stock.

Institutional Trading of Trex

Institutional investors and hedge funds have recently modified their holdings of the stock. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Trex by 4.9% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 40,773 shares of the construction company's stock worth $2,217,000 after buying an additional 1,894 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Trex by 12.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,305 shares of the construction company's stock worth $560,000 after buying an additional 1,109 shares in the last quarter. Pembroke Management LTD lifted its stake in Trex by 23.7% in the second quarter. Pembroke Management LTD now owns 427,238 shares of the construction company's stock valued at $23,233,000 after purchasing an additional 81,970 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Trex by 4.1% in the second quarter. ProShare Advisors LLC now owns 4,754 shares of the construction company's stock valued at $259,000 after purchasing an additional 189 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Trex in the second quarter worth $3,015,000. 95.96% of the stock is owned by institutional investors.

About Trex

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.