Terex (NYSE:TEX) Given New $52.00 Price Target at Citigroup

Terex (NYSE:TEX) had its price objective cut by Citigroup from $58.00 to $52.00 in a report issued on Monday,Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

A number of other equities research analysts have also recently issued reports on TEX. Raymond James Financial upgraded shares of Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Monday, October 27th. Wall Street Zen upgraded shares of Terex from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Terex in a research report on Wednesday, October 8th. UBS Group boosted their target price on shares of Terex from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, July 10th. Finally, Truist Financial set a $62.00 target price on shares of Terex in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $55.60.

Terex Trading Down 0.1%

Shares of NYSE:TEX opened at $45.99 on Monday. The stock has a market capitalization of $3.02 billion, a PE ratio of 17.16, a P/E/G ratio of 5.69 and a beta of 1.66. Terex has a 1 year low of $31.53 and a 1 year high of $58.66. The firm has a fifty day moving average price of $52.51 and a 200 day moving average price of $48.57. The company has a current ratio of 2.08, a quick ratio of 1.11 and a debt-to-equity ratio of 1.31.

Terex (NYSE:TEX) last issued its quarterly earnings data on Thursday, October 30th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.28. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Terex had a net margin of 3.46% and a return on equity of 15.95%. Terex’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.46 earnings per share. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. Analysts expect that Terex will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Monday, November 10th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.5%. Terex’s dividend payout ratio is currently 28.94%.

Insider Transactions at Terex

In related news, Director Andra Rush acquired 2,120 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was acquired at an average price of $46.59 per share, with a total value of $98,770.80. Following the completion of the transaction, the director owned 25,428 shares of the company’s stock, valued at approximately $1,184,690.52. This represents a 9.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Scott Posner sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $50.50, for a total transaction of $252,500.00. Following the transaction, the vice president directly owned 70,308 shares of the company’s stock, valued at $3,550,554. This represents a 6.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TEX. Fifth Third Bancorp raised its position in Terex by 22.0% in the second quarter. Fifth Third Bancorp now owns 1,104 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 199 shares in the last quarter. M&T Bank Corp raised its position in Terex by 3.1% in the second quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock worth $350,000 after purchasing an additional 225 shares in the last quarter. Rise Advisors LLC raised its position in Terex by 65.3% in the second quarter. Rise Advisors LLC now owns 610 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 241 shares in the last quarter. Bessemer Group Inc. raised its position in Terex by 56.4% in the second quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 259 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in Terex by 0.5% in the second quarter. California State Teachers Retirement System now owns 61,731 shares of the industrial products company’s stock worth $2,882,000 after purchasing an additional 287 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex Company Profile

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.