Citigroup Raises Trex (NYSE:TREX) Price Target to $46.00

Trex (NYSE:TREX) had its price target raised by investment analysts at Citigroup from $39.00 to $46.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. Citigroup’s price target points to a potential upside of 9.57% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. Loop Capital raised shares of Trex from a “hold” rating to a “buy” rating and upped their price objective for the stock from $45.00 to $53.00 in a report on Wednesday. Wolfe Research upgraded shares of Trex from a “peer perform” rating to an “outperform” rating and set a $47.00 price target for the company in a report on Wednesday, January 7th. B. Riley Financial reaffirmed a “buy” rating and issued a $57.00 price target (down from $80.00) on shares of Trex in a research report on Wednesday, November 5th. Benchmark cut Trex from a “buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, Truist Financial decreased their target price on Trex from $75.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Ten equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Trex has an average rating of “Hold” and a consensus target price of $47.73.

Trex Trading Up 0.7%

NYSE TREX traded up $0.28 during trading on Thursday, hitting $41.98. 1,905,581 shares of the company traded hands, compared to its average volume of 2,074,576. Trex has a 12 month low of $29.77 and a 12 month high of $68.78. The business has a fifty day simple moving average of $40.43 and a 200 day simple moving average of $45.61. The company has a market capitalization of $4.50 billion, a P/E ratio of 23.72 and a beta of 1.58.

Trex (NYSE:TREX) last issued its quarterly earnings data on Tuesday, February 24th. The construction company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $161.13 million for the quarter, compared to the consensus estimate of $144.39 million. Trex had a return on equity of 20.57% and a net margin of 16.22%.The firm’s revenue was down 3.9% compared to the same quarter last year. During the same period last year, the business earned $0.09 EPS. Equities research analysts predict that Trex will post 2.04 EPS for the current fiscal year.

Institutional Trading of Trex

Hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. increased its position in shares of Trex by 1.9% during the third quarter. Alliancebernstein L.P. now owns 7,543,925 shares of the construction company’s stock valued at $389,795,000 after purchasing an additional 142,215 shares during the period. Wellington Management Group LLP lifted its position in Trex by 266.0% in the fourth quarter. Wellington Management Group LLP now owns 7,225,393 shares of the construction company’s stock worth $253,467,000 after purchasing an additional 5,251,297 shares during the period. AQR Capital Management LLC boosted its stake in Trex by 143.8% during the fourth quarter. AQR Capital Management LLC now owns 3,895,534 shares of the construction company’s stock worth $136,655,000 after buying an additional 2,297,533 shares in the last quarter. Morgan Stanley increased its holdings in Trex by 44.6% in the 4th quarter. Morgan Stanley now owns 2,313,285 shares of the construction company’s stock valued at $81,150,000 after buying an additional 713,054 shares during the period. Finally, American Century Companies Inc. increased its holdings in Trex by 2.5% in the 3rd quarter. American Century Companies Inc. now owns 2,191,472 shares of the construction company’s stock valued at $113,233,000 after buying an additional 53,554 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: Q4 beat and upbeat 2026 sales/EBITDA outlook — Trex reported Q4 revenue of $161.1M and EPS that beat expectations, and management gave a 2026 sales target of $1.185B–$1.23B with positive adjusted EBITDA guidance, supporting near‑term growth prospects. Q4 release
• Positive Sentiment: CEO succession appears orderly — longtime CEO Bryan Fairbanks will retire April 28; COO Adam D. Zambanini is named CEO, and market reaction to the transition has been supportive, reducing leadership‑risk uncertainty. Succession plan
• Positive Sentiment: Analyst upgrades and higher targets — Loop Capital upgraded TREX to Buy ($53 PT) and UBS raised its PT to $58, signaling institutional confidence that the company can capture decking/railing demand. Analyst notes
• Neutral Sentiment: Innovation and product traction — management emphasized new product launches (e.g., ignition‑resistant decking) and railing momentum, which could drive mid‑cycle share gains but will take time to materially lift top line. Product commentary
• Neutral Sentiment: Analyst views mixed on upside — some coverage (Seeking Alpha) calls Trex’s resilience credible but warns upside is “wobbly,” highlighting dependence on consumer remodel spending and housing/activity cycles. Seeking Alpha
• Negative Sentiment: Institutional selling — a fund disclosed shedding ~107,000 TREX shares (~$4.3M), which can pressure near‑term supply/demand and signal profit‑taking by large holders. Fund sale
• Negative Sentiment: Mixed analyst caution — Barclays raised its PT but kept an Underweight call, underscoring divergent broker views and ongoing uncertainty about durable demand recovery. Barclays note
• Negative Sentiment: Year‑over‑year softness persists — while Q4 beat, revenue and EPS were down YoY and management flagged one‑time costs tied to product/plant expansions; sustained YoY weakness could cap multiple expansion until demand proves durable. Earnings detail

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.