Terex Corporation (NYSE:TEX) Receives Average Recommendation of “Hold” from Brokerages

Terex Corporation (NYSE:TEX) has received a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $69.00.

A number of research analysts have weighed in on TEX shares. Truist Financial increased their target price on Terex from $72.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Robert W. Baird set a $100.00 price target on shares of Terex in a research report on Thursday, February 12th. Zacks Research downgraded shares of Terex from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a research report on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of Terex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 21st.

Terex Price Performance

NYSE TEX opened at $68.73 on Monday. 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 stock has a 50-day moving average of $61.12 and a 200 day moving average of $54.26. Terex has a one year low of $31.53 and a one year high of $71.50. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 1.39 and a beta of 1.62.

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

Terex Dividend Announcement

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

Insiders Place Their Bets

In other Terex news, insider Kieran Hegarty sold 11,980 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $69.24, for a total transaction of $829,495.20. Following the completion of the sale, the insider owned 173,495 shares of the company’s stock, 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 document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Millennium Management LLC boosted its position in shares of Terex by 1,086.3% in 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 lifted 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 buying an additional 2,841 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in 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 buying an additional 40,077 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased 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 buying an additional 1,597 shares in the last quarter. Finally, Intech Investment Management LLC raised its holdings in Terex by 47.4% during the first quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company’s stock valued at $1,719,000 after acquiring an additional 14,629 shares during the period. 92.88% of the stock is currently 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.