Terex (NYSE:TEX) Downgraded to Hold Rating by Wall Street Zen

Terex (NYSE:TEX) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Several other analysts have also issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Terex in a report on Wednesday. Truist Financial set a $62.00 price target on Terex in a report on Monday, August 4th. UBS Group boosted their price target on Terex from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, July 10th. Finally, Citigroup boosted their price target on Terex from $55.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.67.

Terex Stock Down 6.7%

Terex stock opened at $50.52 on Friday. The stock has a market cap of $3.31 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 5.46 and a beta of 1.66. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.11 and a current ratio of 2.08. Terex has a one year low of $31.53 and a one year high of $58.66. The stock has a fifty day moving average of $51.40 and a 200 day moving average of $46.38.

Terex (NYSE:TEX) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.05. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Terex had a return on equity of 15.95% and a net margin of 3.46%.Terex’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.16 earnings per share. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. As a group, sell-side analysts predict that Terex will post 4.83 EPS for the current year.

Insider Buying and Selling at Terex

In other news, VP Scott Posner sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $50.50, for a total value of $252,500.00. Following the completion of the transaction, the vice president owned 70,308 shares of the company’s stock, valued at $3,550,554. This represents a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Terex

A number of hedge funds have recently made changes to their positions in TEX. Vanguard Group Inc. lifted its position in shares of Terex by 0.7% in the first quarter. Vanguard Group Inc. now owns 6,749,354 shares of the industrial products company’s stock worth $254,991,000 after buying an additional 44,254 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Terex by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,050,434 shares of the industrial products company’s stock worth $115,247,000 after buying an additional 87,194 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Terex by 8.8% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,338,868 shares of the industrial products company’s stock worth $88,362,000 after buying an additional 188,195 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Terex by 1.4% in the first quarter. American Century Companies Inc. now owns 1,765,690 shares of the industrial products company’s stock worth $66,708,000 after buying an additional 24,484 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Terex by 3.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company’s stock worth $41,263,000 after buying an additional 40,077 shares in the last quarter. Institutional investors own 92.88% of the company’s stock.

About Terex

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.