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

Shares of Terex Corporation (NYSE:TEX) have been given an average recommendation of “Moderate Buy” by the twelve brokerages that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $78.9091.

TEX has been the subject of several research analyst reports. Citigroup boosted their price objective on shares of Terex from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. DA Davidson initiated coverage on Terex in a research report on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a research note on Friday, July 17th. Wall Street Zen upgraded Terex from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, JPMorgan Chase & Co. lowered their target price on Terex from $80.00 to $68.00 and set a “neutral” rating for the company in a research note on Friday, July 31st.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. CenterBook Partners LP acquired a new stake in shares of Terex in the 4th quarter valued at about $934,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Terex in the fourth quarter valued at about $5,055,000. Y Intercept Hong Kong Ltd bought a new position in shares of Terex during the first quarter valued at about $6,439,000. Fieldview Capital Management LLC bought a new stake in Terex in the 4th quarter worth about $1,898,000. Finally, Norges Bank purchased a new stake in Terex in the 4th quarter valued at about $33,828,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Terex Trading Down 0.1%

Shares of Terex stock opened at $58.84 on Friday. Terex has a 52-week low of $41.70 and a 52-week high of $74.69. The stock has a market cap of $6.72 billion, a PE ratio of 30.02, a PEG ratio of 0.89 and a beta of 1.50. The firm has a 50-day moving average of $64.10 and a 200-day moving average of $63.05. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.93 and a current ratio of 1.82.

Terex (NYSE:TEX) last posted its quarterly earnings data 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 firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.14 billion. Terex had a net margin of 2.23% and a return on equity of 12.24%. The business’s revenue for the quarter was up 50.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.49 EPS. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. As a group, sell-side analysts forecast that Terex will post 5 EPS for the current year.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, August 11th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, August 11th. Terex’s dividend payout ratio is currently 34.69%.

Terex Company Profile

Terex Corporation (NYSE:TEX) is a global manufacturer of equipment used in construction, infrastructure development, utilities, quarrying, mining, recycling and other industrial applications. The company operates through two principal business segments: Aerial Work Platforms and Materials Processing.

Through its Genie brand, Terex produces aerial work platforms and related equipment, including boom lifts, scissor lifts, telehandlers and vertical mast lifts. Its Materials Processing segment supplies machinery used to crush, screen, wash, convey and process materials, along with equipment for recycling, wood processing and environmental applications.