Trex (NYSE:TREX – Get Free Report) had its price target increased by analysts at Bank of America from $42.00 to $44.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “underperform” rating on the construction company’s stock. Bank of America‘s price target suggests a potential downside of 2.41% from the company’s current price.
TREX has been the subject of several other research reports. Weiss Ratings raised shares of Trex from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $56.00 price objective (up from $49.00) on shares of Trex in a research report on Friday. Wall Street Zen upgraded Trex from a “sell” rating to a “hold” rating in a research note on Sunday. Stifel Nicolaus boosted their target price on Trex from $44.00 to $47.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, Citigroup restated a “neutral” rating and set a $43.00 target price (down from $46.00) on shares of Trex in a research note on Monday, May 11th. Ten investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Trex has a consensus rating of “Hold” and a consensus price target of $48.42.
Trex Stock Down 1.8%
Trex (NYSE:TREX – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The construction company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.51 by $0.08. The business had revenue of $343.40 million during the quarter, compared to analyst estimates of $339.99 million. Trex had a net margin of 16.25% and a return on equity of 19.66%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share. As a group, equities analysts anticipate that Trex will post 1.68 earnings per share for the current year.
Insider Buying and Selling at Trex
In other news, SVP Jacob T. Rudolph sold 1,400 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $50.00, for a total transaction of $70,000.00. Following the sale, the senior vice president owned 36,631 shares of the company’s stock, valued at approximately $1,831,550. This trade represents a 3.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.93% of the company’s stock.
Hedge Funds Weigh In On Trex
Several hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new stake in Trex during the fourth quarter worth approximately $27,000. Clearstead Trust LLC acquired a new position in shares of Trex in the 4th quarter valued at $33,000. Versant Capital Management Inc acquired a new stake in shares of Trex in the second quarter valued at approximately $58,000. Ascentis Independent Advisors purchased a new position in shares of Trex during the first quarter worth approximately $44,000. Finally, Eurizon Capital SGR S.p.A. purchased a new position in shares of Trex during the fourth quarter worth approximately $47,000. 95.96% of the stock is currently owned by hedge funds and other institutional investors.
Key Stories Impacting Trex
Here are the key news stories impacting Trex this week:
- Positive Sentiment: Truist Financial raised its price target on Trex to $60 from $55 and kept a Buy rating, implying meaningful upside from recent trading levels. Benzinga report on Truist price target raise
- Positive Sentiment: Trex said it is upgrading its North American distribution network and named Specialty Building Products (SBP) as its sole national distributor, a move that could improve reach and operational efficiency. Trex Company Upgrades Distribution Network; Raises Full Year Guidance
- Positive Sentiment: Management also raised full-year 2026 guidance, signaling confidence in demand and execution despite a mixed housing backdrop. Trex guidance update
- Neutral Sentiment: Stifel Nicolaus lifted its target to $47 from $44 but kept a Hold rating, reflecting a more cautious view even after the recent rally. Benzinga report on Stifel price target raise
- Neutral Sentiment: Trex also discussed strategic distribution network changes and preliminary quarterly results in a transcript, but the market focus appears to be on the distribution overhaul and guidance rather than detailed earnings figures. Seeking Alpha transcript
About Trex
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.
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