Trex (NYSE:TREX) Given New $60.00 Price Target at Truist Financial

Trex (NYSE:TREX) had its target price boosted by Truist Financial from $55.00 to $60.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

Several other research analysts have also recently issued reports on the company. The Goldman Sachs Group reissued a “buy” rating and issued a $56.00 price target (up from $49.00) on shares of Trex in a research note on Friday. 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 report on Monday, May 18th. Bank of America lowered their target price on shares of Trex from $43.00 to $42.00 and set an “underperform” rating on the stock in a research note on Monday, April 20th. Finally, Weiss Ratings upgraded shares of Trex from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Ten analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $48.53.

Trex Trading Down 4.2%

TREX opened at $43.97 on Tuesday. The business’s 50 day moving average is $43.53 and its 200-day moving average is $41.15. The stock has a market cap of $4.57 billion, a PE ratio of 24.56, a price-to-earnings-growth ratio of 9.32 and a beta of 1.46. Trex has a twelve month low of $29.77 and a twelve month high of $68.78.

Trex (NYSE:TREX) last issued its quarterly earnings data 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. Trex had a return on equity of 19.66% and a net margin of 16.25%.The business had revenue of $343.40 million during the quarter, compared to analyst estimates of $339.99 million. During the same period in the prior year, the company posted $0.60 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, analysts forecast that Trex will post 1.68 EPS for the current year.

Insider Buying and Selling at Trex

In other Trex news, SVP Jacob T. Rudolph sold 1,400 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $50.00, for a total transaction of $70,000.00. Following the sale, the senior vice president directly owned 36,631 shares of the company’s stock, valued at $1,831,550. The trade was a 3.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.93% of the stock is currently owned by company insiders.

Institutional Trading of Trex

Hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP grew its holdings in shares of Trex by 266.0% during the fourth quarter. Wellington Management Group LLP now owns 7,225,393 shares of the construction company’s stock valued at $253,467,000 after buying an additional 5,251,297 shares in the last quarter. AQR Capital Management LLC lifted its stake in Trex by 143.8% in the 4th quarter. AQR Capital Management LLC now owns 3,895,534 shares of the construction company’s stock worth $136,655,000 after acquiring an additional 2,297,533 shares in the last quarter. Norges Bank purchased a new position in Trex during the 4th quarter valued at about $62,904,000. Freestone Grove Partners LP acquired a new position in shares of Trex in the 4th quarter valued at about $53,951,000. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Trex by 120.6% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,326,379 shares of the construction company’s stock valued at $46,529,000 after purchasing an additional 725,090 shares during the period. Institutional investors and hedge funds own 95.96% of the company’s stock.

Trex News Summary

Here are the key news stories impacting Trex this week:

• Positive Sentiment: Trex announced a major distribution-network realignment, naming Specialty Building Products as its sole national distributor for decking and railing products across North America. The company also said the change comes with higher guidance for Q2 2026 and full-year 2026, suggesting stronger near-term revenue expectations and improved operating efficiency. Trex Company Upgrades Distribution Network; Raises Full Year Guidance
• Positive Sentiment: Several Wall Street firms raised price targets after the update, including Truist, Stifel, and DA Davidson. While Bank of America kept an underperform rating, the broader analyst response indicates the guidance and distribution changes may be better than expected.
• Neutral Sentiment: Trex also released a transcript discussing its strategic distribution changes and preliminary quarterly results, which investors may be parsing for details on margins, channel inventory, and execution risk. Trex Company, Inc. (TREX) Discusses Strategic Distribution Network Changes and Preliminary Quarterly Results Transcript
• Neutral Sentiment: Two articles about a T. rex fossil selling for $50 million are not related to Trex Company’s fundamentals and are unlikely to affect the stock.

Trex Company Profile

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.