Trex (NYSE:TREX) Price Target Raised to $46.00 at Citigroup

Trex (NYSE:TREX) had its price objective raised by investment analysts at Citigroup from $39.00 to $46.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. Citigroup’s price target would suggest a potential upside of 9.57% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. lowered their target price on shares of Trex from $71.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Zacks Research raised shares of Trex from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. B. Riley Financial reissued a “buy” rating and issued a $57.00 target price (down from $80.00) on shares of Trex in a report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft lowered Trex from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a research report on Wednesday, November 5th. Finally, Robert W. Baird set a $48.00 price objective on Trex in a research report on Monday, January 12th. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Trex presently has an average rating of “Hold” and an average price target of $47.73.

Trex Price Performance

Shares of TREX traded up $0.28 during mid-day trading on Thursday, reaching $41.98. The company had a trading volume of 1,905,581 shares, compared to its average volume of 2,074,576. Trex has a twelve month low of $29.77 and a twelve month high of $68.78. The company’s 50-day moving average is $40.43 and its 200-day moving average is $45.61. The company has a market capitalization of $4.50 billion, a P/E ratio of 23.72 and a beta of 1.58.

Trex (NYSE:TREX) last announced its quarterly earnings results on Tuesday, February 24th. The construction company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.05. Trex had a return on equity of 20.57% and a net margin of 16.22%.The business had revenue of $161.13 million for the quarter, compared to analyst estimates of $144.39 million. During the same quarter in the previous year, the firm earned $0.09 EPS. Trex’s quarterly revenue was down 3.9% on a year-over-year basis. As a group, equities analysts expect that Trex will post 2.04 EPS for the current fiscal year.

Institutional Trading of Trex

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in shares of Trex by 3.2% during the first quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock worth $320,000 after buying an additional 177 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Trex by 91.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 822,772 shares of the construction company’s stock worth $47,803,000 after acquiring an additional 392,715 shares during the period. CWM LLC raised its position in shares of Trex by 16.8% during the 2nd quarter. CWM LLC now owns 1,141 shares of the construction company’s stock valued at $62,000 after acquiring an additional 164 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Trex by 4.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 385,301 shares of the construction company’s stock valued at $20,953,000 after purchasing an additional 15,476 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in shares of Trex by 3.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 16,294 shares of the construction company’s stock worth $886,000 after purchasing an additional 615 shares during the last quarter. 95.96% of the stock is owned by institutional investors.

Trex News Summary

Here are the key news stories impacting Trex this week:

• Positive Sentiment: Q4 beat and upbeat 2026 sales/EBITDA outlook — Trex reported Q4 revenue of $161.1M and EPS that beat expectations, and management gave a 2026 sales target of $1.185B–$1.23B with positive adjusted EBITDA guidance, supporting near‑term growth prospects. Q4 release
• Positive Sentiment: CEO succession appears orderly — longtime CEO Bryan Fairbanks will retire April 28; COO Adam D. Zambanini is named CEO, and market reaction to the transition has been supportive, reducing leadership‑risk uncertainty. Succession plan
• Positive Sentiment: Analyst upgrades and higher targets — Loop Capital upgraded TREX to Buy ($53 PT) and UBS raised its PT to $58, signaling institutional confidence that the company can capture decking/railing demand. Analyst notes
• Neutral Sentiment: Innovation and product traction — management emphasized new product launches (e.g., ignition‑resistant decking) and railing momentum, which could drive mid‑cycle share gains but will take time to materially lift top line. Product commentary
• Neutral Sentiment: Analyst views mixed on upside — some coverage (Seeking Alpha) calls Trex’s resilience credible but warns upside is “wobbly,” highlighting dependence on consumer remodel spending and housing/activity cycles. Seeking Alpha
• Negative Sentiment: Institutional selling — a fund disclosed shedding ~107,000 TREX shares (~$4.3M), which can pressure near‑term supply/demand and signal profit‑taking by large holders. Fund sale
• Negative Sentiment: Mixed analyst caution — Barclays raised its PT but kept an Underweight call, underscoring divergent broker views and ongoing uncertainty about durable demand recovery. Barclays note
• Negative Sentiment: Year‑over‑year softness persists — while Q4 beat, revenue and EPS were down YoY and management flagged one‑time costs tied to product/plant expansions; sustained YoY weakness could cap multiple expansion until demand proves durable. Earnings detail

About Trex

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company’s core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex’s product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.