Trex (NYSE:TREX) Upgraded by Loop Capital to Buy Rating

Loop Capital upgraded shares of Trex (NYSE:TREX) from a hold rating to a buy rating in a report released on Wednesday morning, Marketbeat.com reports. They currently have $53.00 price objective on the construction company’s stock, up from their prior price objective of $45.00.

TREX has been the topic of a number of other research reports. Vertical Research lowered Trex from a “buy” rating to a “hold” rating and set a $32.00 target price on the stock. in a research note on Wednesday, November 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of Trex in a report on Monday, December 29th. Wall Street Zen downgraded Trex from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Zelman & Associates lowered Trex from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 5th. Finally, Wolfe Research raised shares of Trex from a “peer perform” rating to an “outperform” rating and set a $47.00 target price for the company in a research note on Wednesday, January 7th. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $47.38.

Trex Trading Up 0.7%

NYSE:TREX opened at $41.73 on Wednesday. The firm has a 50-day moving average price of $40.43 and a two-hundred day moving average price of $45.61. Trex has a twelve month low of $29.77 and a twelve month high of $68.78. The company has a market capitalization of $4.48 billion, a P/E ratio of 23.58 and a beta of 1.58.

Trex (NYSE:TREX) last announced its quarterly 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 company had revenue of $161.13 million for the quarter, compared to the consensus estimate of $144.39 million. Trex had a net margin of 16.22% and a return on equity of 20.57%. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 earnings per share. On average, equities research analysts predict that Trex will post 2.04 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. AQR Capital Management LLC increased its position in Trex by 3.2% during the first quarter. AQR Capital Management LLC now owns 5,642 shares of the construction company’s stock worth $320,000 after purchasing an additional 177 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Trex by 91.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 822,772 shares of the construction company’s stock valued at $47,803,000 after purchasing an additional 392,715 shares during the last quarter. CWM LLC grew its stake in shares of Trex by 16.8% during the 2nd quarter. CWM LLC now owns 1,141 shares of the construction company’s stock valued at $62,000 after buying an additional 164 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Trex by 4.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 385,301 shares of the construction company’s stock worth $20,953,000 after buying an additional 15,476 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Trex by 3.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 16,294 shares of the construction company’s stock worth $886,000 after buying an additional 615 shares during the period. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

More Trex News

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.