Terex (NYSE:TEX) Upgraded to “Strong-Buy” at DA Davidson

DA Davidson upgraded shares of Terex (NYSE:TEX) to a strong-buy rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Several other analysts also recently weighed in on TEX. Raymond James Financial raised shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 target price on the stock in a report on Monday, May 11th. JPMorgan Chase & Co. cut their price target on shares of Terex from $76.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Zacks Research upgraded shares of Terex from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Evercore reiterated an “outperform” rating and set a $81.00 target price on shares of Terex in a research report on Monday, May 11th. Finally, Wall Street Zen downgraded Terex from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Terex has an average rating of “Moderate Buy” and a consensus price target of $75.82.

Terex Price Performance

Terex stock opened at $70.03 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.84 and a quick ratio of 0.88. The business has a 50 day simple moving average of $61.96 and a 200-day simple moving average of $60.67. Terex has a 12 month low of $41.70 and a 12 month high of $71.50. The stock has a market capitalization of $8.00 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 1.06 and a beta of 1.53.

Terex (NYSE:TEX) last posted its quarterly earnings data on Friday, May 1st. The industrial products company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.20. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.70 billion. Terex had a net margin of 1.87% and a return on equity of 13.43%. Terex’s quarterly revenue was up 41.1% on a year-over-year basis. During the same period last year, the firm posted $0.83 EPS. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. Equities analysts predict that Terex will post 4.87 earnings per share for the current year.

Terex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 8th were issued a $0.17 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. Terex’s dividend payout ratio is currently 32.54%.

Insiders Place Their Bets

In related news, insider Joshua Gross sold 5,874 shares of Terex stock in a transaction on Monday, May 4th. The stock was sold at an average price of $61.53, for a total transaction of $361,427.22. Following the completion of the transaction, the insider directly owned 48,706 shares of the company’s stock, valued at approximately $2,996,880.18. The trade was a 10.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP purchased a new stake in shares of Terex in the 3rd quarter worth about $121,724,000. Invesco Ltd. increased its holdings in Terex by 801.3% during the 3rd quarter. Invesco Ltd. now owns 1,603,965 shares of the industrial products company’s stock valued at $82,283,000 after acquiring an additional 1,425,996 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in Terex during the fourth quarter worth about $69,802,000. Arrowstreet Capital Limited Partnership raised its position in Terex by 11,448.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,238,924 shares of the industrial products company’s stock worth $73,220,000 after acquiring an additional 1,228,196 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Terex by 29.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,442,435 shares of the industrial products company’s stock valued at $262,527,000 after purchasing an additional 1,008,444 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

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.