Trex (NYSE:TREX) Stock Moved Up to “Buy” by Bank of America

Bank of America upgraded shares of Trex (NYSE:TREX) from an underperform rating to a buy rating in a report released on Thursday, Marketbeat Ratings reports. The firm currently has $65.00 target price on the construction company’s stock, up from their previous target price of $46.00.

A number of other research analysts also recently weighed in on TREX. Weiss Ratings upgraded shares of Trex from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. DA Davidson reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Trex in a research note on Tuesday, July 14th. The Goldman Sachs Group reiterated a “buy” rating and issued a $56.00 price objective (up from $49.00) on shares of Trex in a report on Friday, July 10th. Wall Street Zen upgraded shares of Trex from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Zacks Research downgraded shares of Trex from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.18.

Trex Stock Performance

Shares of TREX opened at $56.13 on Thursday. The firm has a market cap of $5.83 billion, a PE ratio of 32.63, a PEG ratio of 3.32 and a beta of 1.46. The firm’s 50 day moving average price is $46.14 and its 200 day moving average price is $43.37. Trex has a twelve month low of $29.77 and a twelve month high of $60.21.

Trex (NYSE:TREX) last posted its earnings results on Wednesday, November 4th. The construction company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 13.89% and a return on equity of 18.27%. The company’s revenue was up 26.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 earnings per share. On average, sell-side analysts anticipate that Trex will post 1.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trex

A number of large investors have recently added to or reduced their stakes in the stock. Junto Capital Management LP acquired a new position in Trex during the second quarter valued at approximately $20,074,000. Corient Private Wealth LP raised its position in shares of Trex by 433.0% in the second quarter. Corient Private Wealth LP now owns 87,744 shares of the construction company’s stock valued at $4,391,000 after purchasing an additional 71,282 shares during the period. Legal & General Group Plc acquired a new stake in shares of Trex in the second quarter worth $6,757,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Trex in the second quarter worth $3,176,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Trex in the second quarter worth $31,997,000. Institutional investors own 95.96% of the company’s stock.

Key Headlines Impacting Trex

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. The company also raised its 2026 sales outlook to $1.296 billion–$1.306 billion and set a goal of reaching $2 billion in revenue by 2030. Trex third-quarter results Trex outlook
• Positive Sentiment: Bank of America upgraded TREX from “underperform” to “buy” and raised its target from $46 to $65. Truist also raised its target, from $60 to $75, while maintaining a “buy” rating. Bank of America rating Truist rating
• Neutral Sentiment: Citigroup raised its target from $52 to $59 but kept a “neutral” rating, suggesting a more measured view of upside after the recent rally. Citigroup rating
• Negative Sentiment: Barclays raised its target from $42 to $46 but maintained an “underweight” rating; its target remains well below the cited share price. TREX is also trading near its 12-month high, which may leave the stock vulnerable to profit-taking or disappointment if growth slows. Barclays rating

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.