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

Trex (NYSE:TREX) had its target price raised by analysts at Truist Financial from $60.00 to $75.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Truist Financial‘s price objective suggests a potential upside of 36.67% from the company’s current price.

TREX has been the subject of a number of other reports. Melius Research began coverage on shares of Trex in a research report on Tuesday, October 6th. They issued a “buy” rating and a $62.00 price target for the company. Weiss Ratings raised Trex from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. DA Davidson reiterated a “buy” rating and set a $55.00 target price on shares of Trex in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft upgraded Trex from a “hold” rating to a “buy” rating and lifted their target price for the stock from $53.00 to $57.00 in a research report on Thursday, October 8th. Finally, UBS Group reissued a “buy” rating and issued a $61.00 target price (up from $59.00) on shares of Trex in a report on Tuesday, July 14th. Thirteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $55.18.

Trex Trading Down 2.0%

TREX stock traded down $1.13 during trading on Thursday, hitting $54.88. 2,434,295 shares of the company’s stock were exchanged, compared to its average volume of 1,677,417. The business has a 50-day moving average price of $46.31 and a two-hundred day moving average price of $43.43. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 31.91, a PEG ratio of 2.93 and a beta of 1.46. Trex has a 52-week low of $29.77 and a 52-week high of $60.21.

Trex (NYSE:TREX) last released its quarterly earnings data on Wednesday, November 4th. The construction company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. Trex had a net margin of 14.68% and a return on equity of 18.03%. The company had revenue of $359.50 million for the quarter, compared to analysts’ expectations of $314.86 million. During the same quarter last year, the company earned $0.51 earnings per share. The firm’s revenue for the quarter was up 26.0% on a year-over-year basis. On average, equities research analysts anticipate that Trex will post 1.82 earnings per share for the current fiscal year.

Institutional Trading of Trex

A number of large investors have recently bought and sold shares of TREX. Versant Capital Management Inc purchased a new position in Trex during the 2nd quarter worth $58,000. Ascentis Independent Advisors purchased a new stake in shares of Trex in the first quarter valued at about $44,000. Elevation Wealth Partners LLC raised its holdings in shares of Trex by 250.7% in the third quarter. Elevation Wealth Partners LLC now owns 1,224 shares of the construction company’s stock valued at $53,000 after buying an additional 875 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Trex by 104.7% in the third quarter. GAMMA Investing LLC now owns 1,269 shares of the construction company’s stock valued at $55,000 after buying an additional 649 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Trex by 76.0% during the second quarter. IFP Advisors Inc now owns 1,584 shares of the construction company’s stock worth $79,000 after buying an additional 684 shares during the period. Institutional investors and hedge funds own 95.96% of the company’s stock.

Key Trex News

Here are the key news stories impacting Trex this week:

• Positive Sentiment: Trex reported Q3 EPS of $0.55, above the $0.48 consensus, and revenue of $359.5 million versus estimates of $314.9 million. Sales rose 26% year over year, and coverage noted the company reached a new one-year high following the results. Trex Shares Rise After Higher 3Q Profit, Sales
• 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. A Q3 analysis highlighted volume-driven growth and a distribution transition as supports for the outlook. Trex targets $2B revenue by 2030 and raises 2026 outlook Q3 deep dive on growth and outlook
• Positive Sentiment: Bank of America upgraded Trex from “underperform” to “buy” and raised its target to $65. Truist also reiterated a “buy” rating and lifted its target to $75, reinforcing the bullish view of the earnings and outlook. Bank of America upgrade coverage Truist price target update
• Neutral Sentiment: Citigroup raised its target from $52 to $59 but kept a “neutral” rating, suggesting some upside while stopping short of a bullish endorsement. Citigroup price target update
• Negative Sentiment: Barclays raised its target from $42 to $46 but maintained an “underweight” rating, indicating it sees the shares as overvalued at recent levels. A separate valuation article also questions whether the post-results gains leave Trex fully valued. Barclays price target update Is Trex fully valued?

Trex Company Profile

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.