Terex Corporation (NYSE:TEX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Terex Corporation (NYSE:TEX) has received a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $57.7273.

A number of brokerages have recently issued reports on TEX. Wells Fargo & Company began coverage on shares of Terex in a report on Thursday, November 13th. They set an “equal weight” rating and a $50.00 price objective for the company. UBS Group cut their price target on Terex from $52.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Raymond James Financial raised Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research note on Monday, October 27th. Wall Street Zen upgraded Terex from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Morgan Stanley upgraded Terex from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $47.00 to $60.00 in a report on Wednesday, December 10th.

Insider Buying and Selling at Terex

In other news, Director Andra Rush purchased 2,120 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were acquired at an average cost of $46.59 per share, for a total transaction of $98,770.80. Following the completion of the acquisition, the director owned 25,428 shares in the company, valued at $1,184,690.52. This trade represents a 9.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Terex

Several hedge funds have recently modified their holdings of TEX. CIBC Bancorp USA Inc. purchased a new position in shares of Terex in the 3rd quarter worth approximately $353,000. Coldstream Capital Management Inc. bought a new stake in Terex during the third quarter worth $212,000. Danske Bank A S purchased a new position in Terex in the third quarter worth $1,044,000. Castleark Management LLC boosted its position in Terex by 17.4% in the third quarter. Castleark Management LLC now owns 98,375 shares of the industrial products company’s stock worth $5,047,000 after purchasing an additional 14,595 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new position in Terex in the 3rd quarter valued at $2,179,000. Institutional investors own 92.88% of the company’s stock.

Terex Trading Up 1.6%

Shares of Terex stock opened at $53.06 on Wednesday. The stock has a market capitalization of $3.48 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 5.26 and a beta of 1.70. Terex has a 52 week low of $31.53 and a 52 week high of $58.66. The stock has a 50 day moving average price of $49.48 and a two-hundred day moving average price of $49.78. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.20 and a current ratio of 2.15.

Terex (NYSE:TEX) last issued its earnings results 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. Terex had a return on equity of 15.93% and a net margin of 2.92%.The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the business earned $1.46 EPS. Terex’s quarterly revenue was up 14.4% compared to the same quarter last year. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. As a group, equities analysts anticipate that Terex will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Monday, November 10th will be issued a $0.17 dividend. The ex-dividend date is Monday, November 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.3%. Terex’s dividend payout ratio is currently 28.94%.

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.