Terex (NYSE:TEX) Price Target Raised to $96.00 at Truist Financial

Terex (NYSE:TEX) had its price objective lifted by Truist Financial from $92.00 to $96.00 in a research note released on Friday,Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

A number of other brokerages have also weighed in on TEX. Barclays raised their price target on shares of Terex from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a report on Friday, July 17th. Wall Street Zen lowered Terex from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. lifted their target price on Terex from $69.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Finally, Evercore restated an “outperform” rating and set a $81.00 target price on shares of Terex in a research report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.73.

Terex Stock Up 1.1%

Shares of NYSE:TEX opened at $62.89 on Friday. Terex has a 12 month low of $41.70 and a 12 month high of $74.69. The company’s 50-day moving average price is $65.31 and its two-hundred day moving average price is $63.14. The company has a quick ratio of 0.88, a current ratio of 1.82 and a debt-to-equity ratio of 0.54. The firm has a market cap of $7.18 billion, a P/E ratio of 32.09, a P/E/G ratio of 0.97 and a beta of 1.49.

Terex (NYSE:TEX) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.14. Terex had a net margin of 2.23% and a return on equity of 12.24%. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter last year, the company posted $1.49 EPS. The company’s quarterly revenue was up 50.5% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. As a group, research analysts forecast that Terex will post 4.85 EPS for the current fiscal year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 11th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. Terex’s payout ratio is currently 32.54%.

Insider Buying and Selling at Terex

In related news, insider Joshua Gross sold 5,874 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $61.53, for a total transaction of $361,427.22. Following the completion of the sale, the insider directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Terex

A number of hedge funds and other institutional investors have recently bought and sold shares of TEX. Wellington Management Group LLP acquired a new stake in Terex during the 3rd quarter worth $121,724,000. Invesco Ltd. lifted its stake in shares of Terex by 801.3% in the 3rd 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 during the period. Schonfeld Strategic Advisors LLC acquired a new position in shares of Terex in the 4th quarter valued at $69,802,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Terex by 11,448.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,238,924 shares of the industrial products company’s stock valued at $73,220,000 after purchasing an additional 1,228,196 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Terex by 29.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,442,435 shares of the industrial products company’s stock worth $262,527,000 after purchasing an additional 1,008,444 shares during the last quarter. 92.88% of the stock is owned by institutional investors.

Trending Headlines about Terex

Here are the key news stories impacting Terex this week:

• Positive Sentiment: Results exceeded expectations: Terex reported second-quarter adjusted EPS of $1.37, above the $1.23–$1.25 analyst consensus, while revenue reached $2.24 billion versus expectations of approximately $2.14 billion. Sales increased 50.5% year over year, helped by the REV Group acquisition. Terex Reports Second Quarter 2026 Results
• Positive Sentiment: Raised 2026 outlook: Management increased its full-year sales forecast to $7.9 billion–$8.2 billion and adjusted EBITDA guidance to $960 million–$1.0 billion. The EPS outlook is $4.70–$5.10, broadly in line with the $4.87 consensus estimate. Terex posts strong Q2 results, raises 2026 outlook
• Positive Sentiment: Demand indicators improved: Pro forma sales rose 8.5%, bookings increased 25.2% year over year, and backlog stood at $6.9 billion. These figures support expectations for continued revenue visibility across Terex’s end markets. Terex Q2 Sales Rise 50.5% to $2.2 Billion
• Positive Sentiment: Analyst support remains: Truist raised its price target to $96 and maintained a “buy” rating, implying substantial potential upside from recent trading levels.
• Neutral Sentiment: REV Group integration: Terex completed its acquisition of REV Group, expanding its specialized vehicle portfolio. The deal adds growth opportunities but also leaves investors focused on integration execution and potential synergies. Terex Completes REV Group Acquisition
• Negative Sentiment: Mixed valuation signals: JPMorgan lowered its price target from $80 to $68 and shifted to a “neutral” rating, suggesting limited upside after the earnings reaction. Reports also highlighted that adjusted EPS declined from $1.49 a year earlier, while recent insider transactions were exclusively sales.

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.