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

Trex (NYSE:TREX) had its price target upped by stock analysts at Truist Financial from $60.00 to $75.00 in a report released on Thursday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Truist Financial‘s price objective would indicate a potential upside of 29.86% from the stock’s previous close.

Several other research firms have also commented on TREX. Barclays reaffirmed an “underweight” rating and set a $42.00 price target (up from $36.00) on shares of Trex in a research report on Tuesday, July 14th. DA Davidson reissued a “buy” rating and set a $55.00 target price on shares of Trex in a research note on Tuesday, July 14th. Wall Street Zen upgraded Trex from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Stifel Nicolaus set a $55.00 price target on Trex and gave the stock a “buy” rating in a report on Monday, October 19th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Trex from a “hold” rating to a “buy” rating and upped their target price for the company from $53.00 to $57.00 in a research report on Thursday, October 8th. Thirteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $53.72.

Trex Price Performance

NYSE TREX traded up $0.61 during mid-day trading on Thursday, hitting $57.76. The stock had a trading volume of 1,234,894 shares, compared to its average volume of 1,936,287. The firm’s 50 day moving average is $45.95 and its 200 day moving average is $43.31. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 34.31, a PEG ratio of 2.90 and a beta of 1.46. Trex has a twelve month low of $29.77 and a twelve month high of $60.21.

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

Insider Transactions at Trex

In related news, SVP Amy M. Fernandez sold 1,050 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $50.07, for a total transaction of $52,573.50. Following the completion of the transaction, the senior vice president directly owned 67,794 shares of the company’s stock, valued at $3,394,445.58. The trade was a 1.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.93% of the company’s stock.

Institutional Trading of Trex

Several hedge funds have recently added to or reduced their stakes in the company. AlphaCore Capital LLC increased its holdings in shares of Trex by 95.1% in the 3rd quarter. AlphaCore Capital LLC now owns 8,732 shares of the construction company’s stock valued at $380,000 after acquiring an additional 4,257 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Trex by 10.3% in the third quarter. Parallel Advisors LLC now owns 4,103 shares of the construction company’s stock valued at $179,000 after purchasing an additional 382 shares in the last quarter. Platform Technology Partners acquired a new position in Trex in the third quarter valued at approximately $209,000. Chicago Partners Investment Group LLC increased its stake in Trex by 1.1% in the third quarter. Chicago Partners Investment Group LLC now owns 21,868 shares of the construction company’s stock valued at $1,102,000 after purchasing an additional 247 shares during the last quarter. Finally, Associated Banc Corp acquired a new stake in Trex during the third quarter worth approximately $217,000. Institutional investors and hedge funds own 95.96% of the company’s stock.

Key Stories 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. Trex third-quarter results
• Positive Sentiment: The company 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. Management cited volume-driven growth, execution of its distribution strategy and the ramp-up of its Arkansas facility as support for its outlook. Trex outlook and revenue target
• Positive Sentiment: Bank of America upgraded TREX from “underperform” to “buy” and raised its price target to $65 from $46, signaling increased confidence in the shares. Bank of America upgrade
• Neutral Sentiment: A separate analysis raises the question of whether Trex is fully valued after record revenue and stronger guidance, highlighting valuation as a potential restraint on further gains. Trex valuation analysis

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.