Truist Financial Issues Positive Forecast for Trex (NYSE:TREX) Stock Price

Trex (NYSE:TREX) had its price objective upped by Truist Financial from $60.00 to $75.00 in a report published on Thursday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

TREX has been the subject of a number of other reports. Barclays reaffirmed an “underweight” rating and issued a $42.00 price objective (up from $36.00) on shares of Trex in a research note on Tuesday, July 14th. Zacks Research lowered Trex from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Deutsche Bank Aktiengesellschaft upgraded Trex from a “hold” rating to a “buy” rating and raised their target price for the company from $53.00 to $57.00 in a report on Thursday, October 8th. Wall Street Zen raised Trex from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Stifel Nicolaus set a $55.00 target price on Trex and gave the company a “buy” rating in a research report on Monday, October 19th. Thirteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Trex currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.18.

Trex Stock Performance

NYSE:TREX opened at $56.13 on Thursday. Trex has a fifty-two week low of $29.77 and a fifty-two week high of $60.21. The company has a 50 day moving average price of $46.14 and a 200 day moving average price of $43.37. The stock has a market capitalization of $5.83 billion, a P/E ratio of 32.63, a PEG ratio of 3.32 and a beta of 1.46.

Trex (NYSE:TREX) last announced 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. Trex had a return on equity of 18.27% and a net margin of 13.89%. The company had revenue of $359.50 million for the quarter, compared to analyst estimates of $314.86 million. During the same quarter in the previous year, the company earned $0.51 earnings per share. The firm’s quarterly revenue was up 26.0% compared to the same quarter last year. Research analysts forecast that Trex will post 1.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trex

Several large investors have recently bought and sold shares of TREX. BlackRock Inc. bought a new position in Trex in the 2nd quarter worth about $525,081,000. Bank of America Corp DE acquired a new stake in shares of Trex in the second quarter valued at approximately $94,851,000. Wellington Management Group LLP raised its holdings in shares of Trex by 18.2% during 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 stake in shares of Trex during the third quarter valued at approximately $32,858,000. Finally, Freestone Grove Partners LP acquired a new position in shares of Trex during the second quarter worth approximately $36,197,000. Hedge funds and other institutional investors own 95.96% of the company’s stock.

More 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. 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.