Brokerages Set Terex Corporation (NYSE:TEX) Price Target at $79.45

Terex Corporation (NYSE:TEX) has been given an average rating of “Moderate Buy” by the twelve ratings firms that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $78.9091.

A number of research analysts have commented on the company. Morgan Stanley reiterated an “overweight” rating and issued a $86.00 price objective on shares of Terex in a research report on Monday. DA Davidson began coverage on shares of Terex in a research report on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 price target for the company. Zacks Research raised shares of Terex from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Wall Street Zen upgraded Terex from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Truist Financial raised their target price on Terex from $92.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, July 31st.

Terex Trading Up 0.3%

TEX stock opened at $66.25 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.82 and a quick ratio of 0.93. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 33.80, a P/E/G ratio of 1.02 and a beta of 1.51. The business has a fifty day moving average price of $65.71 and a 200 day moving average price of $63.26. Terex has a fifty-two week low of $41.70 and a fifty-two week high of $74.69.

Terex (NYSE:TEX) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.14. The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Terex had a return on equity of 12.24% and a net margin of 2.23%.The firm’s revenue for the quarter was up 50.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.49 earnings per share. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. Analysts expect that Terex will post 4.93 EPS for the current fiscal year.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 11th will be paid 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 Tuesday, August 11th. Terex’s payout ratio is presently 34.69%.

Institutional Investors Weigh In On Terex

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in Terex by 7.6% during the second quarter. GAMMA Investing LLC now owns 2,290 shares of the industrial products company’s stock worth $166,000 after purchasing an additional 161 shares during the period. UMB Bank n.a. increased its holdings in Terex by 15.0% in the fourth quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock worth $77,000 after purchasing an additional 189 shares in the last quarter. M&T Bank Corp lifted its stake in Terex by 3.1% in the second quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock valued at $350,000 after buying an additional 225 shares during the period. Perigon Wealth Management LLC lifted its stake in Terex by 2.5% in the fourth quarter. Perigon Wealth Management LLC now owns 9,246 shares of the industrial products company’s stock valued at $494,000 after buying an additional 228 shares during the period. Finally, Drum Hill Capital LLC boosted its holdings in shares of Terex by 0.6% during the 4th quarter. Drum Hill Capital LLC now owns 48,067 shares of the industrial products company’s stock worth $2,566,000 after buying an additional 278 shares in the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.

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.