Terex (NYSE:TEX) Issues Quarterly Earnings Results

Terex (NYSE:TEX) posted its earnings results on Thursday. The industrial products company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.01, Zacks reports. Terex had a net margin of 9.08% and a return on equity of 24.92%. During the same quarter in the prior year, the company posted $1.88 earnings per share. Terex updated its FY 2025 guidance to 4.700-5.100 EPS.

Terex Trading Down 2.9 %

Shares of TEX traded down $1.38 during mid-day trading on Thursday, hitting $46.61. The company had a trading volume of 1,592,709 shares, compared to its average volume of 740,192. The business’s 50-day simple moving average is $48.05 and its 200-day simple moving average is $52.29. The company has a quick ratio of 1.16, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. Terex has a 1-year low of $43.50 and a 1-year high of $68.08. The stock has a market cap of $3.11 billion, a PE ratio of 6.80, a P/E/G ratio of 4.51 and a beta of 1.54.

Terex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, March 7th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.46%. Terex’s dividend payout ratio is presently 9.93%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Robert W. Baird lowered their price target on shares of Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. lowered their price target on shares of Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Citigroup lowered their price target on shares of Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Finally, Truist Financial lowered their price target on shares of Terex from $65.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $56.63.

Insider Buying and Selling

In other Terex news, Director David A. Sachs purchased 20,000 shares of Terex stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of $49.75 per share, with a total value of $995,000.00. Following the completion of the transaction, the director now directly owns 137,500 shares in the company, valued at approximately $6,840,625. This represents a 17.02 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Simon Meester sold 9,877 shares of Terex stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total transaction of $505,109.78. Following the transaction, the chief executive officer now directly owns 127,858 shares in the company, valued at approximately $6,538,658.12. This trade represents a 7.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

About Terex

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.