Trex (NYSE:TREX) Given “Buy” Rating at DA Davidson

Trex (NYSE:TREX)‘s stock had its “buy” rating reiterated by investment analysts at DA Davidson in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $55.00 price objective on the construction company’s stock. DA Davidson’s price objective would indicate a potential upside of 21.98% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. UBS Group reiterated a “buy” rating and set a $59.00 price target (up from $58.00) on shares of Trex in a research note on Friday, May 8th. Wall Street Zen raised shares of Trex from a “sell” rating to a “hold” rating in a report on Sunday. Zelman & Associates upgraded shares of Trex from a “neutral” rating to an “outperform” rating and set a $50.00 target price for the company in a research note on Monday, May 18th. Barclays reissued an “underweight” rating and set a $42.00 price target (up from $36.00) on shares of Trex in a report on Tuesday. Finally, Bank of America reduced their price objective on Trex from $43.00 to $42.00 and set an “underperform” rating for the company in a research note on Monday, April 20th. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Trex presently has an average rating of “Hold” and an average price target of $48.42.

Trex Stock Performance

NYSE TREX traded down $0.81 on Tuesday, reaching $45.09. The stock had a trading volume of 706,721 shares, compared to its average volume of 1,951,746. The stock has a market cap of $4.68 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 9.58 and a beta of 1.46. Trex has a 12-month low of $29.77 and a 12-month high of $68.78. The business’s 50-day moving average price is $43.41 and its 200 day moving average price is $41.09.

Trex (NYSE:TREX) last announced its earnings results on Thursday, May 7th. The construction company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. The business had revenue of $343.40 million for the quarter, compared to analyst estimates of $339.99 million. Trex had a net margin of 16.25% and a return on equity of 19.66%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. On average, sell-side analysts predict that Trex will post 1.68 earnings per share for the current year.

Insider Transactions at Trex

In related news, SVP Jacob T. Rudolph sold 1,400 shares of the stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $50.00, for a total transaction of $70,000.00. Following the completion of the transaction, the senior vice president directly owned 36,631 shares of the company’s stock, valued at $1,831,550. This represents a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.93% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Trex

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new stake in shares of Trex in the 4th quarter valued at approximately $27,000. Clearstead Trust LLC acquired a new position in Trex during the fourth quarter worth $33,000. Versant Capital Management Inc acquired a new position in Trex during the second quarter worth $58,000. Ascentis Independent Advisors purchased a new position in Trex in the first quarter worth $44,000. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in Trex in the fourth quarter valued at $47,000. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trending Headlines about Trex

Here are the key news stories impacting Trex this week:

• Positive Sentiment: Truist Financial raised its price target on Trex to $60 from $55 and kept a Buy rating, implying meaningful upside from recent trading levels. Benzinga report on Truist price target raise
• Positive Sentiment: Trex said it is upgrading its North American distribution network and named Specialty Building Products (SBP) as its sole national distributor, a move that could improve reach and operational efficiency. Trex Company Upgrades Distribution Network; Raises Full Year Guidance
• Positive Sentiment: Management also raised full-year 2026 guidance, signaling confidence in demand and execution despite a mixed housing backdrop. Trex guidance update
• Neutral Sentiment: Stifel Nicolaus lifted its target to $47 from $44 but kept a Hold rating, reflecting a more cautious view even after the recent rally. Benzinga report on Stifel price target raise
• Neutral Sentiment: Trex also discussed strategic distribution network changes and preliminary quarterly results in a transcript, but the market focus appears to be on the distribution overhaul and guidance rather than detailed earnings figures. Seeking Alpha transcript

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.