Terex (NYSE:TEX) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of Terex (NYSE:TEX) from a hold rating to a strong sell rating in a report released on Tuesday,Zacks.com reports.

TEX has been the topic of several other research reports. UBS Group decreased their price target on shares of Terex from $52.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Citigroup reaffirmed a “neutral” rating on shares of Terex in a research report on Thursday, February 12th. Robert W. Baird set a $100.00 price target on Terex in a report on Thursday, February 12th. Truist Financial lifted their target price on shares of Terex from $72.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research report on Wednesday, January 21st. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $69.00.

Terex Stock Performance

Shares of NYSE:TEX opened at $68.96 on Tuesday. The firm has a 50 day moving average of $59.25 and a 200 day moving average of $53.41. Terex has a 52 week low of $31.53 and a 52 week high of $71.50. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 1.40 and a beta of 1.68. The company has a quick ratio of 1.20, a current ratio of 2.30 and a debt-to-equity ratio of 1.23.

Terex (NYSE:TEX) last posted its earnings results on Wednesday, February 11th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the firm posted $0.77 earnings per share. The firm’s quarterly revenue 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, sell-side analysts predict that Terex will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, March 6th. Terex’s dividend payout ratio is 20.42%.

Insiders Place Their Bets

In other Terex news, insider Kieran Hegarty sold 11,980 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $69.24, for a total transaction of $829,495.20. Following the completion of the sale, the insider directly owned 173,495 shares in the company, valued at $12,012,793.80. This represents a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.90% of the company’s stock.

Institutional Trading of Terex

Several hedge funds and other institutional investors have recently made changes to their positions in TEX. Millennium Management LLC grew its stake in Terex by 1,086.3% during the first quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company’s stock worth $9,674,000 after purchasing an additional 234,470 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Terex by 427.2% during the first quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 2,841 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Terex by 3.8% in 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 grew its holdings in shares of Terex by 0.8% during the first 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 valued at $7,375,000 after buying an additional 1,597 shares during the last quarter. Finally, Intech Investment Management LLC increased its holdings in Terex by 47.4% during 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 in the last quarter. 92.88% of the stock is currently 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.