Trex (NYSE:TREX) Raised to Buy at Bank of America

Trex (NYSE:TREX) was upgraded by Bank of America from an “underperform” rating to a “buy” rating in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a $65.00 target price on the construction company’s stock. Bank of America‘s price target suggests a potential upside of 13.36% from the stock’s current price.

A number of other analysts have also commented on the company. Zacks Research lowered Trex from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. BMO Capital Markets set a $57.00 price objective on Trex in a research note on Wednesday, August 5th. Melius Research assumed coverage on Trex in a research report on Tuesday, October 6th. They set a “buy” rating and a $62.00 target price for the company. Truist Financial lifted their target price on Trex from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, Citigroup reiterated a “neutral” rating and set a $52.00 target price (up from $43.00) on shares of Trex in a research note on Wednesday, July 15th. Thirteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $52.89.

Trex Stock Performance

NYSE:TREX opened at $57.34 on Thursday. Trex has a 52 week low of $29.77 and a 52 week high of $58.70. The firm has a 50-day moving average price of $45.95 and a two-hundred day moving average price of $43.31. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 28.41, a price-to-earnings-growth ratio of 2.90 and a beta of 1.46.

Trex (NYSE:TREX) last announced its earnings results 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. The firm had revenue of $359.50 million for the quarter, compared to the consensus estimate of $314.86 million. Trex had a return on equity of 18.03% and a net margin of 14.68%. The company’s revenue was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 EPS. As a group, sell-side analysts forecast that Trex will post 1.77 earnings per share for the current year.

Insiders Place Their Bets

In other Trex news, SVP Amy M. Fernandez sold 1,050 shares of the 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 approximately $3,394,445.58. This represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.93% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Trex in the 2nd quarter valued at about $525,081,000. Bank of America Corp DE bought a new position in Trex during the second quarter worth about $94,851,000. Wellington Management Group LLP boosted its position in Trex by 18.2% during the second quarter. Wellington Management Group LLP now owns 9,877,116 shares of the construction company’s stock worth $494,251,000 after purchasing an additional 1,518,338 shares during the period. Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Trex in the third quarter worth about $32,858,000. Finally, Freestone Grove Partners LP purchased a new position in shares of Trex in the second quarter worth about $36,197,000. 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: For Q3 2026, Trex reported adjusted earnings of $0.55 per share, above estimates of roughly $0.48–$0.49 and up from $0.51 a year earlier. Revenue reached $359.5 million, beating the $314.9 million consensus estimate and rising 26% year over year. The company also cited record third-quarter revenue for a second consecutive quarter. Trex Q3 results
• Positive Sentiment: Trex raised its 2026 sales outlook to $1.296 billion–$1.306 billion and set a goal of reaching $2 billion in revenue by 2030, signaling stronger near- and longer-term growth expectations. Trex sales outlook and 2030 target
• Positive Sentiment: Management said the company is executing an enhanced distribution strategy and ramping up its Arkansas manufacturing facility—initiatives that may support future growth and capacity. Q3 2026 earnings call summary

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.