Terex Corporation (NYSE:TEX) Receives $78.91 Consensus Target Price from Brokerages

Terex Corporation (NYSE:TEX) has received an average rating of “Moderate Buy” from the twelve analysts that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $78.9091.

Several research analysts have issued reports on TEX shares. Barclays boosted their target price on Terex from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Citigroup increased their target price on Terex from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a report on Friday, July 17th. Morgan Stanley reissued an “overweight” rating and issued a $86.00 price objective on shares of Terex in a research report on Monday, August 3rd. Finally, Evercore reiterated an “outperform” rating and issued a $81.00 price target on shares of Terex in a report on Monday, May 11th.

Institutional Investors Weigh In On Terex

A number of hedge funds have recently made changes to their positions in TEX. GAMMA Investing LLC lifted its stake in Terex by 7.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,290 shares of the industrial products company’s stock valued at $166,000 after acquiring an additional 161 shares during the period. UMB Bank n.a. boosted its stake in shares of Terex by 15.0% during the 4th quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 189 shares in the last quarter. M&T Bank Corp boosted its position in Terex by 3.1% during the second quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock worth $350,000 after purchasing an additional 225 shares in the last quarter. Kestra Advisory Services LLC grew its stake in Terex by 4.0% in the 1st quarter. Kestra Advisory Services LLC now owns 7,369 shares of the industrial products company’s stock valued at $436,000 after acquiring an additional 286 shares during the period. Finally, California State Teachers Retirement System grew its position in shares of Terex by 0.5% in the second quarter. California State Teachers Retirement System now owns 61,731 shares of the industrial products company’s stock valued at $2,882,000 after purchasing an additional 287 shares during the period. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Terex Price Performance

NYSE:TEX opened at $63.85 on Monday. The business’s 50-day simple moving average is $66.87 and its two-hundred day simple moving average is $63.92. The stock has a market cap of $7.30 billion, a PE ratio of 32.58, a P/E/G ratio of 0.97 and a beta of 1.51. Terex has a 52 week low of $41.70 and a 52 week high of $74.69. The company has a quick ratio of 0.93, a current ratio of 1.82 and a debt-to-equity ratio of 0.54.

Terex (NYSE:TEX) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 EPS for the quarter, topping 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 business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the previous year, the company earned $1.49 EPS. The business’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, analysts forecast that Terex will post 5 EPS for the current fiscal year.

Terex Dividend Announcement

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 $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, August 11th. Terex’s dividend payout ratio is presently 34.69%.

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.