Terex (NYSE:TEX) Upgraded by Citigroup to Buy Rating

Citigroup upgraded shares of Terex (NYSE:TEX) from a neutral rating to a buy rating in a research report released on Monday, MarketBeat Ratings reports. Citigroup currently has $75.00 price objective on the industrial products company’s stock, up from their previous price objective of $73.00.

TEX has been the topic of several other reports. Wells Fargo & Company lifted their target price on Terex from $56.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. JPMorgan Chase & Co. assumed coverage on Terex in a research report on Wednesday, March 4th. They set a “neutral” rating and a $76.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a report on Wednesday, January 21st. Robert W. Baird set a $100.00 price objective on Terex in a research report on Thursday, February 12th. Finally, Wall Street Zen cut Terex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 21st. Seven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Terex currently has a consensus rating of “Moderate Buy” and an average target price of $72.90.

Terex Stock Down 0.8%

Shares of NYSE:TEX opened at $61.54 on Monday. The company has a 50 day moving average price of $62.42 and a two-hundred day moving average price of $54.90. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.36 and a current ratio of 2.30. The company has a market capitalization of $7.00 billion, a PE ratio of 18.48, a PEG ratio of 1.26 and a beta of 1.62. Terex has a 52 week low of $31.53 and a 52 week high of $71.50.

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

Terex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be issued a $0.17 dividend. The ex-dividend date is Friday, March 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. Terex’s dividend payout ratio (DPR) is 20.42%.

Insider Activity at Terex

In other news, insider Kieran Hegarty sold 11,980 shares of the business’s stock in a transaction 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 sale, the insider owned 173,495 shares of the company’s stock, valued at $12,012,793.80. The trade was a 6.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Terex

Several institutional investors and hedge funds have recently added to or reduced their stakes in TEX. Smartleaf Asset Management LLC grew its holdings in shares of Terex by 565.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 486 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 413 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Terex by 167.0% during the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 369 shares in the last quarter. Strs Ohio acquired a new position in Terex during the first quarter valued at approximately $30,000. Rise Advisors LLC grew its stake in Terex by 108.9% in the third quarter. Rise Advisors LLC now owns 1,274 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 664 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Terex by 15.0% during the 4th 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 during the last quarter. 92.88% of the stock is owned by institutional investors.

About Terex

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.