Trex (NYSE:TREX) Price Target Raised to $58.00 at UBS Group

Trex (NYSE:TREX) had its price target increased by UBS Group from $52.00 to $58.00 in a report published on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the construction company’s stock.

Several other equities research analysts also recently weighed in on the stock. B. Riley Financial reaffirmed a “buy” rating and issued a $57.00 price objective (down from $80.00) on shares of Trex in a report on Wednesday, November 5th. Wolfe Research upgraded shares of Trex from a “peer perform” rating to an “outperform” rating and set a $47.00 price target on the stock in a research report on Wednesday, January 7th. Stifel Nicolaus set a $37.50 price target on shares of Trex and gave the stock a “hold” rating in a research note on Monday. The Goldman Sachs Group set a $54.00 price objective on shares of Trex and gave the company a “buy” rating in a research note on Tuesday, December 16th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $54.00 target price on shares of Trex in a report on Thursday, January 8th. Ten analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $47.38.

Trex Trading Up 0.7%

Shares of NYSE TREX opened at $41.73 on Wednesday. Trex has a 12-month low of $29.77 and a 12-month high of $68.78. The company has a market cap of $4.48 billion, a PE ratio of 23.58 and a beta of 1.58. The stock has a 50 day simple moving average of $40.43 and a 200-day simple moving average of $45.61.

Trex (NYSE:TREX) last posted its earnings results on Tuesday, February 24th. The construction company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.05. The firm had revenue of $161.13 million for the quarter, compared to analysts’ expectations 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 firm earned $0.09 EPS. Sell-side analysts forecast that Trex will post 2.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trex

Institutional investors and hedge funds have recently modified their holdings of the stock. Invesco Ltd. lifted its holdings in shares of Trex by 38.8% during the fourth quarter. Invesco Ltd. now owns 287,265 shares of the construction company’s stock valued at $10,077,000 after purchasing an additional 80,261 shares during the last quarter. Corient Private Wealth LLC increased its stake in Trex by 210.9% in the 4th quarter. Corient Private Wealth LLC now owns 12,052 shares of the construction company’s stock worth $423,000 after purchasing an additional 8,175 shares in the last quarter. Alberta Investment Management Corp acquired a new stake in Trex during the 4th quarter worth about $989,000. Mercer Global Advisors Inc. ADV lifted its stake in Trex by 100.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 47,017 shares of the construction company’s stock valued at $1,649,000 after buying an additional 23,612 shares in the last quarter. Finally, Kanen Wealth Management LLC acquired a new position in shares of Trex in the fourth quarter worth about $8,830,000. 95.96% of the stock is owned by institutional investors and hedge funds.

Trex News Summary

Here are the key news stories impacting Trex this week:

• Positive Sentiment: Q4 earnings beat and stronger-than-expected revenue — Trex reported Q4 EPS of $0.04 vs. a consensus loss of $0.01 and revenue of $161.13M vs. $144.39M expected, signaling demand resilience and margin improvement. MarketBeat Q4 Earnings
• Positive Sentiment: CEO succession announced with smooth transition — Trex named EVP/COO Adam D. Zambanini as incoming CEO on April 28; the market reaction indicates investors view the succession as orderly and confidence-preserving. BusinessWire CEO Succession
• Positive Sentiment: Analyst upgrades and higher price targets — Loop Capital upgraded TREX to Buy and raised its target to $53; UBS also raised its target to $58 (buy), boosting upside expectations. Loop Capital Upgrade UBS Note
• Neutral Sentiment: 2026 sales target set — Management outlined a 2026 revenue target of $1.185B–$1.23B and reiterated cautious optimism for the year; guidance is constructive but conservative. Seeking Alpha Guidance
• Neutral Sentiment: Market commentary highlights product innovation and seasonal dynamics — Analysts note new product launches (e.g., fire-resistant decking), improved retail placements, and one-time startup costs that pressured prior margins but could drive 2026 ROI. MarketBeat Analysis
• Negative Sentiment: Large institutional selling — Wasatch Advisors sold ~1.56M shares (~$63M), reflecting material portfolio repositioning that weighs on supply/demand and could pressure the stock. Fool: Wasatch Sale
• Negative Sentiment: Additional fund-level share reduction — A separate filing shows a fund sold ~107,000 TREX shares (~$4.3M), adding to near-term selling pressure. Fool: Fund Sells
• Negative Sentiment: Mixed analyst signals — Barclays raised its target to $39 but kept an Underweight rating, signaling some firms remain cautious on demand recovery. Benzinga: Barclays Note

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.