Terex Corporation (NYSE:TEX) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Terex Corporation (NYSE:TEX) have received an average rating of “Moderate Buy” from the twelve brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $72.90.

A number of brokerages have recently issued reports on TEX. Robert W. Baird set a $100.00 price target on Terex in a research report on Thursday, February 12th. Wells Fargo & Company upped their price objective on shares of Terex from $56.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Zacks Research downgraded shares of Terex from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Citigroup upgraded shares of Terex from a “neutral” rating to a “buy” rating and lifted their target price for the company from $73.00 to $75.00 in a research report on Monday, March 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Terex in a research note on Wednesday, January 21st.

Terex Stock Down 3.8%

TEX opened at $58.61 on Friday. The firm has a market capitalization of $6.66 billion, a P/E ratio of 17.60, a price-to-earnings-growth ratio of 1.23 and a beta of 1.62. Terex has a one year low of $31.53 and a one year high of $71.50. The company has a fifty day moving average price of $62.98 and a 200-day moving average price of $55.63. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.30 and a quick ratio of 1.36.

Terex (NYSE:TEX) last posted its quarterly earnings data on Wednesday, February 11th. The industrial products company reported $1.12 earnings per share (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 company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the company earned $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. Equities research analysts expect that Terex will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, March 6th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, March 6th. Terex’s payout ratio is currently 20.42%.

Insider Transactions at Terex

In related news, insider Kieran Hegarty sold 11,980 shares of the stock in a transaction 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 transaction, the insider owned 173,495 shares of the company’s stock, 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 through the SEC website. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Terex

Hedge funds and other institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in shares of Terex by 565.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 486 shares of the industrial products company’s stock valued at $25,000 after buying an additional 413 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Terex by 167.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after buying an additional 369 shares during the last quarter. Strs Ohio purchased a new stake in Terex in the first quarter worth approximately $30,000. Rise Advisors LLC grew its position in Terex by 108.9% during the third quarter. Rise Advisors LLC now owns 1,274 shares of the industrial products company’s stock valued at $65,000 after acquiring an additional 664 shares during the last quarter. Finally, UMB Bank n.a. grew its position in Terex by 15.0% during the fourth quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock valued at $77,000 after acquiring an additional 189 shares during the last quarter. 92.88% of the stock is currently owned by hedge funds and other 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.