Fintel reports that on April 17, 2025, BMO Capital upgraded their outlook for Trex (NYSE:TREX) from Market Perform to Outperform.
Analyst Price Forecast Suggests 37.48% Upside
As of April 2, 2025, the average one-year price target for Trex is $76.44/share. The forecasts range from a low of $61.61 to a high of $94.50. The average price target represents an increase of 37.48% from its latest reported closing price of $55.60 / share.
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The projected annual revenue for Trex is 1,338MM, an increase of 16.20%. The projected annual non-GAAP EPS is 1.81.
What is the Fund Sentiment?
There are 931 funds or institutions reporting positions in Trex. This is an decrease of 38 owner(s) or 3.92% in the last quarter. Average portfolio weight of all funds dedicated to TREX is 0.24%, an increase of 1.17%. Total shares owned by institutions increased in the last three months by 4.72% to 136,803K shares. 
The put/call ratio of TREX is 0.56, indicating a bullish outlook.
What are Other Shareholders Doing?
Alliancebernstein holds 10,819K shares representing 10.09% ownership of the company. In its prior filing, the firm reported owning 7,001K shares , representing an increase of 35.29%. The firm increased its portfolio allocation in TREX by 61.89% over the last quarter.
Wasatch Advisors holds 4,600K shares representing 4.29% ownership of the company. In its prior filing, the firm reported owning 4,076K shares , representing an increase of 11.37%. The firm increased its portfolio allocation in TREX by 18.16% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 3,478K shares representing 3.24% ownership of the company. In its prior filing, the firm reported owning 3,398K shares , representing an increase of 2.29%. The firm increased its portfolio allocation in TREX by 1.90% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,348K shares representing 3.12% ownership of the company. In its prior filing, the firm reported owning 3,435K shares , representing a decrease of 2.60%. The firm decreased its portfolio allocation in TREX by 0.42% over the last quarter.
Clearbridge Investments holds 3,347K shares representing 3.12% ownership of the company. In its prior filing, the firm reported owning 3,924K shares , representing a decrease of 17.22%. The firm decreased its portfolio allocation in TREX by 8.85% over the last quarter.
TREX Background Information
(This description is provided by the company.)
Trex Company, Inc. [NYSE: TREX] is the world's largest manufacturer of high-performance wood-alternative decking and railing, with more than 25 years of product experience. Stocked in more than 6,700 retail locations worldwide, Trex outdoor living products offer a wide range of style options with fewer ongoing maintenance requirements than wood, as well as a truly environmentally responsible choice.
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This story originally appeared on Fintel.
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