Barclays Forecasts Strong Price Appreciation for Trex (NYSE:TREX) Stock

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

TREX has been the topic of a number of other research reports. Bank of America upgraded shares of Trex from an “underperform” rating to a “buy” rating and upped their target price for the company from $46.00 to $65.00 in a research note on Thursday. Weiss Ratings raised Trex from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Truist Financial upped their price objective on shares of Trex from $60.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup reaffirmed a “neutral” rating and issued a $52.00 price target (up from $43.00) on shares of Trex in a research note on Wednesday, July 15th. Finally, Zacks Research downgraded Trex from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Thirteen equities research 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.94.

Trex Stock Performance

TREX traded down $0.27 during trading on Thursday, hitting $56.88. 2,527,021 shares of the stock were exchanged, compared to its average volume of 1,944,002. Trex has a 1 year low of $29.77 and a 1 year high of $60.21. The firm has a 50 day simple moving average of $45.95 and a 200 day simple moving average of $43.31. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 2.90 and a beta of 1.46.

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

Insider Activity at Trex

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 transaction of $52,573.50. Following the transaction, the senior vice president owned 67,794 shares in the company, valued at $3,394,445.58. The trade was a 1.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.93% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Trex during the 2nd quarter worth $525,081,000. Bank of America Corp DE acquired a new position in shares of Trex in the 2nd quarter valued at approximately $94,851,000. Wellington Management Group LLP increased its holdings in Trex by 18.2% in the second quarter. Wellington Management Group LLP now owns 9,877,116 shares of the construction company’s stock valued at $494,251,000 after buying an additional 1,518,338 shares during the last quarter. Fort Washington Investment Advisors Inc. OH bought a new position in shares of Trex in the 3rd quarter worth about $32,858,000. Finally, Freestone Grove Partners LP bought a new position in Trex in the 2nd quarter worth about $36,197,000. 95.96% of the stock is owned by hedge funds and other institutional investors.

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.

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.