Terex (NYSE:TEX) Hits New 12-Month High – What’s Next?

Terex Corporation (NYSE:TEX)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $60.45 and last traded at $60.1310, with a volume of 59543 shares changing hands. The stock had previously closed at $59.70.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Terex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 21st. Wells Fargo & Company initiated coverage on shares of Terex in a research note on Thursday, November 13th. They set an “equal weight” rating and a $50.00 price target for the company. UBS Group lowered their price objective on Terex from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Citigroup cut their target price on Terex from $58.00 to $52.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Finally, Raymond James Financial raised Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research note on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $57.73.

Terex Trading Up 1.1%

The company’s fifty day moving average price is $49.99 and its two-hundred day moving average price is $50.94. The company has a quick ratio of 1.20, a current ratio of 2.15 and a debt-to-equity ratio of 1.28. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 5.37 and a beta of 1.67.

Terex (NYSE:TEX) last announced its earnings results on Thursday, October 30th. The industrial products company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.22 by $0.28. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.41 billion. Terex had a return on equity of 15.93% and a net margin of 2.92%.During the same period in the previous year, the business earned $1.46 EPS. Terex’s revenue was up 14.4% compared to the same quarter last year. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. Research analysts expect that Terex Corporation will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Monday, November 10th were paid a $0.17 dividend. The ex-dividend date was Monday, November 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. Terex’s dividend payout ratio (DPR) is 28.94%.

Insider Activity

In related news, Director Andra Rush purchased 2,120 shares of Terex stock in a transaction that occurred on Friday, October 31st. The shares were acquired at an average price of $46.59 per share, for a total transaction of $98,770.80. Following the transaction, the director directly owned 25,428 shares in the company, valued at approximately $1,184,690.52. This represents a 9.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Terex

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP bought a new position in shares of Terex in the third quarter worth about $121,724,000. Invesco Ltd. increased its holdings in shares of Terex by 801.3% in the third quarter. Invesco Ltd. now owns 1,603,965 shares of the industrial products company’s stock valued at $82,283,000 after purchasing an additional 1,425,996 shares in the last quarter. UBS Group AG raised its position in Terex by 168.5% in the 3rd quarter. UBS Group AG now owns 964,495 shares of the industrial products company’s stock worth $49,479,000 after purchasing an additional 605,337 shares during the last quarter. Norges Bank bought a new position in Terex in the 2nd quarter worth approximately $24,870,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Terex by 44.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,027,830 shares of the industrial products company’s stock worth $51,176,000 after buying an additional 315,331 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

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.