Citigroup Issues Positive Forecast for Trex (NYSE:TREX) Stock Price

Trex (NYSE:TREX) had its price objective raised by Citigroup from $52.00 to $59.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a neutral rating on the construction company’s stock.

Several other research firms also recently commented on TREX. Bank of America upgraded shares of Trex from an “underperform” rating to a “buy” rating and upped their price objective for the company from $46.00 to $65.00 in a report on Thursday. Barclays raised their target price on shares of Trex from $42.00 to $46.00 and gave the stock an “underweight” rating in a research note on Thursday. Truist Financial lifted their target price on shares of Trex from $60.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday. Stifel Nicolaus set a $55.00 target price on shares of Trex and gave the stock a “buy” rating in a report on Monday, October 19th. Finally, Wall Street Zen upgraded shares of Trex from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Thirteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $55.18.

Trex Price Performance

Shares of NYSE:TREX opened at $56.13 on Thursday. The company’s 50-day moving average price is $46.14 and its two-hundred day moving average price is $43.37. Trex has a one year low of $29.77 and a one year high of $60.21. The stock has a market capitalization of $5.83 billion, a PE ratio of 32.63, a price-to-earnings-growth ratio of 3.32 and a beta of 1.46.

Trex (NYSE:TREX) last released its quarterly earnings data on Wednesday, November 4th. The construction company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.48 by $0.07. Trex had a return on equity of 18.27% and a net margin of 13.89%. The company had revenue of $359.50 million during the quarter, compared to the consensus estimate of $314.86 million. During the same quarter in the prior year, the firm posted $0.51 EPS. The firm’s revenue for the quarter was up 26.0% compared to the same quarter last year. On average, analysts anticipate that Trex will post 1.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TREX. Chicago Partners Investment Group LLC increased its position in Trex by 1.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 21,868 shares of the construction company’s stock worth $1,102,000 after buying an additional 247 shares during the period. Citizens Financial Group Inc. RI boosted its position in shares of Trex by 5.5% in the third quarter. Citizens Financial Group Inc. RI now owns 5,369 shares of the construction company’s stock valued at $234,000 after acquiring an additional 280 shares during the period. Parallel Advisors LLC boosted its position in shares of Trex by 10.3% in the third quarter. Parallel Advisors LLC now owns 4,103 shares of the construction company’s stock valued at $179,000 after acquiring an additional 382 shares during the period. Byrne Asset Management LLC boosted its position in shares of Trex by 21.0% in the third quarter. Byrne Asset Management LLC now owns 3,686 shares of the construction company’s stock valued at $160,000 after acquiring an additional 639 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Trex by 104.7% in the third quarter. GAMMA Investing LLC now owns 1,269 shares of the construction company’s stock valued at $55,000 after acquiring an additional 649 shares in the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Trex

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.