Terex (NYSE:TEX) Price Target Raised to $70.00

Terex (NYSE:TEX) had its price target raised by Wells Fargo & Company from $56.00 to $70.00 in a research report report published on Friday,Benzinga reports. The firm currently has an equal weight rating on the industrial products company’s stock.

A number of other research analysts also recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a research note on Wednesday, January 21st. Morgan Stanley raised shares of Terex from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $47.00 to $60.00 in a report on Wednesday, December 10th. Wall Street Zen downgraded shares of Terex from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 21st. Robert W. Baird set a $100.00 target price on shares of Terex in a research note on Thursday. Finally, UBS Group reduced their target price on shares of Terex from $52.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.70.

Terex Trading Up 5.6%

Shares of TEX stock opened at $69.27 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.20 and a current ratio of 2.30. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 1.41 and a beta of 1.68. Terex has a 52-week low of $31.53 and a 52-week high of $71.50. The company has a 50-day simple moving average of $57.77 and a two-hundred day simple moving average of $52.92.

Terex (NYSE:TEX) last posted its earnings results on Wednesday, February 11th. The industrial products company reported $1.12 EPS for the quarter, hitting the consensus estimate of $1.12. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Terex had a net margin of 4.08% and a return on equity of 16.51%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 EPS. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. Research analysts anticipate that Terex will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, March 6th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, March 6th. Terex’s dividend payout ratio (DPR) is currently 20.42%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC raised its holdings in Terex by 1,086.3% during the 1st quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company’s stock valued at $9,674,000 after acquiring an additional 234,470 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Terex by 427.2% during the 1st quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 2,841 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Terex by 3.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company’s stock worth $41,263,000 after purchasing an additional 40,077 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Terex by 0.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,210 shares of the industrial products company’s stock worth $7,375,000 after purchasing an additional 1,597 shares during the period. Finally, Intech Investment Management LLC boosted its stake in Terex by 47.4% in the 1st quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company’s stock worth $1,719,000 after purchasing an additional 14,629 shares during the period. 92.88% of the stock is owned by institutional investors.

Terex Company Profile

Terex Corporation is a global manufacturer of lifting and material-handling plant and equipment, serving a range of industries that includes construction, infrastructure, energy, manufacturing and shipping logistics. Its product portfolio encompasses aerial work platforms, rough terrain and tower cranes, port and cargo handling equipment, material processing machinery and utility products. These offerings are marketed under well-known brands such as Genie®, Terex® AWP, Terex® Cranes, Demag®, and Powerscreen®, and are designed to meet diverse application requirements from building sites to industrial facilities and ports.

Headquartered in Westport, Connecticut, Terex traces its roots back to 1933 and has grown through strategic acquisitions and organic expansion.