Terex Corporation (NYSE:TEX) Given Consensus Rating of “Moderate Buy” by Analysts

Terex Corporation (NYSE:TEX) has received an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $75.30.

Several equities analysts have recently weighed in on the company. Barclays assumed coverage on Terex in a research report on Tuesday, March 31st. They issued an “overweight” rating and a $65.00 price target for the company. Zacks Research upgraded Terex from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Raymond James Financial upgraded Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 target price for the company in a research report on Monday, May 11th. JPMorgan Chase & Co. reduced their target price on Terex from $76.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. Finally, Wall Street Zen lowered Terex from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th.

Insider Transactions at Terex

In other Terex news, insider Joshua Gross sold 5,874 shares of Terex stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $61.53, for a total transaction of $361,427.22. Following the completion of the sale, the insider owned 48,706 shares of the company’s stock, valued at $2,996,880.18. The trade was a 10.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Terex

Several hedge funds have recently added to or reduced their stakes in the company. Capricorn Fund Managers Ltd purchased a new position in Terex during the 4th quarter valued at about $6,939,000. Lodge Hill Capital LLC increased its holdings in Terex by 53.7% during the 3rd quarter. Lodge Hill Capital LLC now owns 529,450 shares of the industrial products company’s stock valued at $27,161,000 after purchasing an additional 185,000 shares during the period. Citigroup Inc. increased its holdings in Terex by 253.8% during the 3rd quarter. Citigroup Inc. now owns 259,094 shares of the industrial products company’s stock valued at $13,292,000 after purchasing an additional 185,863 shares during the period. Victory Capital Management Inc. increased its holdings in Terex by 1.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,076,696 shares of the industrial products company’s stock valued at $55,235,000 after purchasing an additional 19,250 shares during the period. Finally, SG Americas Securities LLC increased its holdings in Terex by 147.8% during the 4th quarter. SG Americas Securities LLC now owns 40,032 shares of the industrial products company’s stock valued at $2,137,000 after purchasing an additional 23,875 shares during the period. Institutional investors own 92.88% of the company’s stock.

Terex Price Performance

Shares of NYSE TEX opened at $63.79 on Wednesday. The stock has a market cap of $7.29 billion, a PE ratio of 30.52, a price-to-earnings-growth ratio of 0.99 and a beta of 1.53. Terex has a fifty-two week low of $41.70 and a fifty-two week high of $71.50. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.84. The stock has a fifty day moving average of $61.05 and a 200-day moving average of $59.54.

Terex (NYSE:TEX) last announced its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.20. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Terex had a return on equity of 13.43% and a net margin of 1.87%.The firm’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 earnings per share. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. Equities research analysts anticipate that Terex will post 4.87 earnings per share for the current year.

Terex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Monday, June 8th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.68 annualized dividend and a yield of 1.1%. Terex’s payout ratio is 32.54%.

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.