Terex (NYSE:TEX) Now Covered by Analysts at Barclays

Barclays started coverage on shares of Terex (NYSE:TEX) in a report published on Tuesday morning. The brokerage issued an overweight rating and a $65.00 price target on the industrial products company’s stock.

Several other equities analysts have also recently weighed in on the company. Morgan Stanley reiterated an “overweight” rating and set a $83.00 price objective on shares of Terex in a report on Tuesday, February 17th. Wells Fargo & Company raised their target price on shares of Terex from $56.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. Citigroup raised shares of Terex from a “neutral” rating to a “buy” rating and lifted their price target for the company from $73.00 to $75.00 in a research note on Monday, March 9th. Robert W. Baird set a $100.00 price target on shares of Terex in a report on Thursday, February 12th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Terex in a research report on Wednesday, March 4th. They set a “neutral” rating and a $76.00 price objective for the company. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $72.18.

Terex Price Performance

TEX opened at $59.19 on Tuesday. The stock has a market cap of $6.73 billion, a P/E ratio of 17.77, a P/E/G ratio of 1.10 and a beta of 1.62. Terex has a 12 month low of $31.53 and a 12 month high of $71.50. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 1.23. The company has a fifty day simple moving average of $62.80 and a 200 day simple moving average of $55.77.

Terex (NYSE:TEX) last posted its earnings results on Wednesday, February 11th. The industrial products company reported $1.12 earnings per share for the quarter, hitting 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 for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the company posted $0.77 earnings per share. 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 expect that Terex will post 4.83 EPS for the current year.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Friday, March 6th were issued a dividend of $0.17 per share. The ex-dividend date was 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 presently 20.42%.

Insider Transactions at Terex

In related news, insider Kieran Hegarty sold 11,980 shares of Terex stock in a transaction that occurred on Tuesday, February 17th. The stock was 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 approximately $12,012,793.80. This trade represents a 6.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Terex

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in Terex by 68.0% during the second quarter. JPMorgan Chase & Co. now owns 704,844 shares of the industrial products company’s stock worth $32,909,000 after purchasing an additional 285,186 shares during the last quarter. Ballast Asset Management LP grew its position in Terex by 57.0% in the third quarter. Ballast Asset Management LP now owns 85,795 shares of the industrial products company’s stock valued at $4,401,000 after purchasing an additional 31,145 shares in the last quarter. Retirement Systems of Alabama increased its stake in Terex by 48.4% in the 3rd quarter. Retirement Systems of Alabama now owns 119,014 shares of the industrial products company’s stock valued at $6,105,000 after buying an additional 38,836 shares during the last quarter. Citigroup Inc. increased its stake in Terex by 253.8% in the 3rd quarter. Citigroup Inc. now owns 259,094 shares of the industrial products company’s stock valued at $13,292,000 after buying an additional 185,863 shares during the last quarter. Finally, Minneapolis Portfolio Management Group LLC lifted its position in Terex by 42.6% during the 3rd quarter. Minneapolis Portfolio Management Group LLC now owns 647,289 shares of the industrial products company’s stock worth $33,206,000 after buying an additional 193,260 shares in 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.