Terex (NYSE:TEX) Reaches New 12-Month High – Here’s What Happened

Shares of Terex Corporation (NYSE:TEX) hit a new 52-week high during trading on Thursday . The company traded as high as $62.51 and last traded at $62.1020, with a volume of 298674 shares trading hands. The stock had previously closed at $60.49.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TEX. Wall Street Zen lowered shares of Terex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a report on Wednesday, October 8th. Raymond James Financial upgraded Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research note on Monday, October 27th. Wells Fargo & Company initiated coverage on Terex in a report on Thursday, November 13th. They set an “equal weight” rating and a $50.00 price objective on the stock. Finally, Citigroup lifted their target price on Terex from $52.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Terex presently has an average rating of “Moderate Buy” and a consensus target price of $58.64.

Terex Stock Up 1.8%

The company has a 50 day moving average of $52.31 and a 200-day moving average of $51.58. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.15 and a quick ratio of 1.20. The company has a market cap of $4.04 billion, a P/E ratio of 26.19, a price-to-earnings-growth ratio of 5.33 and a beta of 1.67.

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

Insider Transactions at Terex

In related news, Director Andra Rush purchased 2,120 shares of the business’s stock in a transaction on Friday, October 31st. The stock was acquired at an average price of $46.59 per share, with a total value of $98,770.80. Following the purchase, the director directly owned 25,428 shares in the company, valued at approximately $1,184,690.52. This represents 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 available through this link. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TEX. Smartleaf Asset Management LLC increased its stake in Terex by 565.8% in the third quarter. Smartleaf Asset Management LLC now owns 486 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 413 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Terex by 167.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 369 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of Terex by 6,800.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 690 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 680 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Terex by 56.4% during the 2nd quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company’s stock valued at $34,000 after buying an additional 259 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of Terex during the 1st quarter valued at about $30,000. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

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.