Trex (NYSE:TREX) Given New $46.00 Price Target at Barclays

Trex (NYSE:TREX) had its target price boosted by Barclays from $42.00 to $46.00 in a research report released on Thursday morning,Benzinga reports. Barclays currently has an underweight rating on the construction company’s stock.

TREX has been the subject of several other research reports. Citigroup restated a “neutral” rating and issued a $52.00 price objective (up from $43.00) on shares of Trex in a research report on Wednesday, July 15th. Stifel Nicolaus set a $55.00 price objective on Trex and gave the stock a “buy” rating in a report on Monday, October 19th. Melius Research initiated coverage on Trex in a research report on Tuesday, October 6th. They issued a “buy” rating and a $62.00 price objective on the stock. UBS Group reiterated a “buy” rating and issued a $61.00 price objective (up from $59.00) on shares of Trex in a research report on Tuesday, July 14th. Finally, DA Davidson reissued a “buy” rating and issued a $55.00 target price on shares of Trex in a research note on Tuesday, July 14th. Thirteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Trex presently has an average rating of “Moderate Buy” and a consensus target price of $55.18.

Trex Trading Down 1.8%

Shares of NYSE TREX opened at $56.13 on Thursday. Trex has a 1-year low of $29.77 and a 1-year high of $60.21. The company has a market cap of $5.83 billion, a PE ratio of 32.63, a P/E/G ratio of 3.32 and a beta of 1.46. The company has a 50-day moving average of $46.14 and a two-hundred day moving average of $43.37.

Trex (NYSE:TREX) last announced its earnings results on Wednesday, November 4th. The construction company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. Trex had a net margin of 13.89% and a return on equity of 18.27%. The company had revenue of $359.50 million for the quarter, compared to analyst estimates of $314.86 million. During the same period in the prior year, the business earned $0.51 earnings per share. Trex’s quarterly revenue was up 26.0% on a year-over-year basis. As a group, equities research analysts forecast that Trex will post 1.77 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Jefferies Financial Group Inc. acquired a new stake in shares of Trex during the 3rd quarter worth approximately $6,810,000. AlphaCore Capital LLC raised its stake in shares of Trex by 95.1% during the third quarter. AlphaCore Capital LLC now owns 8,732 shares of the construction company’s stock worth $380,000 after buying an additional 4,257 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Trex by 10.3% during the third quarter. Parallel Advisors LLC now owns 4,103 shares of the construction company’s stock worth $179,000 after buying an additional 382 shares during the last quarter. Platform Technology Partners acquired a new position in Trex in the third quarter valued at approximately $209,000. Finally, Chicago Partners Investment Group LLC lifted its holdings 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 buying an additional 247 shares during the period. Institutional investors 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 record third-quarter revenue of $359.5 million, up 26% year over year, and earnings of $0.55 per share, beating analyst estimates. The company also raised its 2026 sales outlook to $1.296 billion–$1.306 billion and set a goal of reaching $2 billion in revenue by 2030. Trex third-quarter results Trex outlook
• Positive Sentiment: Bank of America upgraded TREX from “underperform” to “buy” and raised its target from $46 to $65. Truist also raised its target, from $60 to $75, while maintaining a “buy” rating. Bank of America rating Truist rating
• Neutral Sentiment: Citigroup raised its target from $52 to $59 but kept a “neutral” rating, suggesting a more measured view of upside after the recent rally. Citigroup rating
• Negative Sentiment: Barclays raised its target from $42 to $46 but maintained an “underweight” rating; its target remains well below the cited share price. TREX is also trading near its 12-month high, which may leave the stock vulnerable to profit-taking or disappointment if growth slows. Barclays rating

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.