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

Trex (NYSE:TREX) had its price objective boosted by Citigroup from $39.00 to $46.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a neutral rating on the construction company’s stock.

A number of other research firms have also recently commented on TREX. Benchmark cut Trex from a “buy” rating to a “hold” rating in a research note on Wednesday, February 11th. BMO Capital Markets reiterated an “outperform” rating and issued a $54.00 price objective on shares of Trex in a report on Thursday, January 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Trex in a report on Monday, December 29th. The Goldman Sachs Group set a $54.00 target price on Trex and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Finally, Stifel Nicolaus set a $37.50 price target on shares of Trex and gave the company a “hold” rating in a research report on Monday. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $47.73.

Trex Trading Up 0.5%

Shares of TREX opened at $41.91 on Thursday. The stock has a 50-day moving average price of $40.55 and a 200-day moving average price of $45.58. The company has a market cap of $4.49 billion, a PE ratio of 23.68 and a beta of 1.58. Trex has a 12-month low of $29.77 and a 12-month high of $68.78.

Trex (NYSE:TREX) last announced its earnings results on Tuesday, February 24th. The construction company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. The business had revenue of $161.13 million during the quarter, compared to analyst estimates of $144.39 million. Trex had a net margin of 16.22% and a return on equity of 20.29%. Trex’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 earnings per share. As a group, analysts predict that Trex will post 2.04 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Invesco Ltd. raised its holdings in Trex by 38.8% during the 4th quarter. Invesco Ltd. now owns 287,265 shares of the construction company’s stock valued at $10,077,000 after buying an additional 80,261 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Trex by 210.9% during the fourth quarter. Corient Private Wealth LLC now owns 12,052 shares of the construction company’s stock valued at $423,000 after acquiring an additional 8,175 shares during the last quarter. Alberta Investment Management Corp purchased a new stake in shares of Trex during the fourth quarter worth about $989,000. Mercer Global Advisors Inc. ADV grew its stake in shares of Trex by 100.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 47,017 shares of the construction company’s stock worth $1,649,000 after purchasing an additional 23,612 shares during the last quarter. Finally, Kanen Wealth Management LLC purchased a new position in Trex during the 4th quarter valued at about $8,830,000. 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: Q4 earnings beat and upbeat commentary: Trex reported Q4 revenue and EPS above expectations, highlighted strong momentum in new products (24% of 2025 sales) and raised 2026 sales/EBITDA targets — a key reason investors are buying the stock. Q4 Earnings Surprise Could Offer Trex Stock a Path to Recovery
• Positive Sentiment: UBS raised its price target to $58 and keeps a buy stance — a material upside signal from a major shop that supports further upside for TREX. UBS price target raise
• Positive Sentiment: Loop Capital upgraded TREX to Buy and lifted its target to $53 — another bullish analyst move that likely adds buying pressure. Loop Capital Upgrades Trex to Buy
• Neutral Sentiment: Citigroup raised its price target to $46 but kept a Neutral rating — the PT bump helps sentiment but the Neutral stance tempers conviction. Citigroup price target raise
• Neutral Sentiment: CEO transition announced: longtime CEO Bryan Fairbanks will retire in April with COO Adam Zambanini named successor — investors have so far reacted positively to the internal succession, but leadership changes carry execution risk. Trex announces leadership transition
• Neutral Sentiment: Analyst and commentary take: several analysts and outlets note Trex’s resilience and innovation but warn upside is uncertain without stronger consumer demand — useful context that may limit speculative rallies. Trex Company: Resilience Is Well-Founded, But Upside Is Wobbly
• Negative Sentiment: Barclays raised its target but kept an Underweight rating — a signal that some firms still expect downside relative to peers, which can cap rallies. Barclays underweight/target update
• Negative Sentiment: Institutional selling: a fund disclosed selling ~107,000 TREX shares (~$4.3M) in an SEC filing — notable selling by an institutional holder that could weigh on near-term supply/demand dynamics. Fund Sheds 107,000 Shares of TREX

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.