JPMorgan Chase & Co. Initiates Coverage on Terex (NYSE:TEX)

Equities researchers at JPMorgan Chase & Co. began coverage on shares of Terex (NYSE:TEX) in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The brokerage set a “neutral” rating and a $76.00 price target on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 15.45% from the company’s previous close.

Several other brokerages have also recently commented on TEX. Morgan Stanley reaffirmed an “overweight” rating and issued a $83.00 target price on shares of Terex in a research report on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research report on Wednesday, January 21st. Robert W. Baird set a $100.00 target price on shares of Terex in a research note on Thursday, February 12th. Zacks Research cut shares of Terex from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Finally, UBS Group decreased their price objective on Terex from $52.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $71.60.

Terex Stock Down 2.0%

TEX stock opened at $65.83 on Wednesday. Terex has a twelve month low of $31.53 and a twelve month high of $71.50. The company has a market cap of $7.48 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 1.36 and a beta of 1.62. The business’s 50-day simple moving average is $62.14 and its 200 day simple moving average is $54.66. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 1.23.

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

Insider Activity

In other news, insider Kieran Hegarty sold 11,980 shares of Terex stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $69.24, for a total value of $829,495.20. Following the completion of the transaction, the insider owned 173,495 shares in the company, valued at approximately $12,012,793.80. The trade was a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Terex

A number of hedge funds and other institutional investors have recently bought and sold shares of TEX. UMB Bank n.a. boosted its stake in Terex by 15.0% in the fourth quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock worth $77,000 after purchasing an additional 189 shares in the last quarter. M&T Bank Corp lifted its position in Terex by 3.1% during the 2nd quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock worth $350,000 after buying an additional 225 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in Terex by 2.5% during the 4th quarter. Perigon Wealth Management LLC now owns 9,246 shares of the industrial products company’s stock worth $494,000 after acquiring an additional 228 shares during the last quarter. Bessemer Group Inc. increased its position in Terex by 56.4% in the 2nd quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 259 shares in the last quarter. Finally, Waterfront Wealth Inc. raised its stake in shares of Terex by 0.7% in the third quarter. Waterfront Wealth Inc. now owns 39,694 shares of the industrial products company’s stock worth $2,106,000 after acquiring an additional 260 shares during the last quarter. 92.88% of the stock is owned by institutional investors and hedge funds.

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.