Analysts Set Terex Corporation (NYSE:TEX) Price Target at $57.73

Shares of Terex Corporation (NYSE:TEX) have been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $58.6364.

TEX has been the topic of a number of research reports. Morgan Stanley raised shares of Terex from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $47.00 to $60.00 in a report on Wednesday, December 10th. Raymond James Financial upgraded shares of Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research note on Monday, October 27th. UBS Group reduced their price objective on Terex from $52.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Wells Fargo & Company started coverage on Terex in a report on Thursday, November 13th. They issued an “equal weight” rating and a $50.00 target price on the stock. Finally, Wall Street Zen downgraded Terex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 21st.

Insider Transactions at Terex

In other news, Director Andra Rush bought 2,120 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were bought at an average price of $46.59 per share, for a total transaction of $98,770.80. Following the purchase, the director owned 25,428 shares in the company, valued at approximately $1,184,690.52. The trade was a 9.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Terex

A number of hedge funds and other institutional investors have recently modified their holdings of TEX. Dimensional Fund Advisors LP raised its holdings in Terex by 3.4% during the third quarter. Dimensional Fund Advisors LP now owns 3,357,963 shares of the industrial products company’s stock valued at $172,262,000 after acquiring an additional 110,928 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Terex during the third quarter worth about $121,724,000. Invesco Ltd. grew its position in shares of Terex by 801.3% during the third quarter. Invesco Ltd. now owns 1,603,965 shares of the industrial products company’s stock worth $82,283,000 after purchasing an additional 1,425,996 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Terex by 3.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company’s stock valued at $41,263,000 after purchasing an additional 40,077 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Terex by 1.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,076,696 shares of the industrial products company’s stock worth $55,235,000 after purchasing an additional 19,250 shares in the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

Terex Stock Performance

TEX stock opened at $60.67 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.15 and a quick ratio of 1.20. Terex has a 1 year low of $31.53 and a 1 year high of $62.23. The company has a market cap of $3.98 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 5.48 and a beta of 1.67. The stock’s fifty day moving average price is $50.57 and its 200-day moving average price is $51.12.

Terex (NYSE:TEX) last posted its earnings results on Thursday, October 30th. The industrial products company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.28. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.41 billion. Terex had a return on equity of 15.93% and a net margin of 2.92%.Terex’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.46 earnings per share. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. On average, equities analysts forecast that Terex will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Monday, November 10th were paid a dividend of $0.17 per share. The ex-dividend date was Monday, November 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. Terex’s payout ratio is 28.94%.

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.