Fintel reports that on April 24, 2023, Loop Capital upgraded their outlook for TREX (NYSE:TREX) from Hold to Buy .
Analyst Price Forecast Suggests 5.60% Upside
As of April 24, 2023, the average one-year price target for TREX is 58.28. The forecasts range from a low of 43.43 to a high of $74.55. The average price target represents an increase of 5.60% from its latest reported closing price of 55.19.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for TREX is 1,085MM, a decrease of 1.90%. The projected annual non-GAAP EPS is 1.62.
What is the Fund Sentiment?
There are 930 funds or institutions reporting positions in TREX. This is a decrease of 16 owner(s) or 1.69% in the last quarter. Average portfolio weight of all funds dedicated to TREX is 0.27%, an increase of 5.21%. Total shares owned by institutions decreased in the last three months by 1.17% to 127,767K shares. 
The put/call ratio of TREX is 0.27, indicating a bullish outlook.
What are Other Shareholders Doing?
Wasatch Advisors holds 6,151K shares representing 5.65% ownership of the company. In it's prior filing, the firm reported owning 5,463K shares, representing an increase of 11.18%. The firm increased its portfolio allocation in TREX by 5.07% over the last quarter.
Clearbridge Investments holds 4,511K shares representing 4.15% ownership of the company. In it's prior filing, the firm reported owning 4,517K shares, representing a decrease of 0.12%. The firm decreased its portfolio allocation in TREX by 5.75% over the last quarter.
PRNHX - T. Rowe Price New Horizons Fund holds 3,574K shares representing 3.29% ownership of the company. In it's prior filing, the firm reported owning 5,306K shares, representing a decrease of 48.47%. The firm decreased its portfolio allocation in TREX by 45.25% over the last quarter.
Bamco holds 3,513K shares representing 3.23% ownership of the company. In it's prior filing, the firm reported owning 3,446K shares, representing an increase of 1.91%. The firm increased its portfolio allocation in TREX by 2.08% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 3,389K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 3,222K shares, representing an increase of 4.92%. The firm decreased its portfolio allocation in TREX by 11.56% 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.
See all TREX regulatory filings.This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
