Terex Corporation (NYSE:TEX) Receives $76.73 Average PT from Brokerages

Terex Corporation (NYSE:TEX) has earned an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $76.7273.

A number of research firms recently weighed in on TEX. JPMorgan Chase & Co. lowered their price target on shares of Terex from $76.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Truist Financial increased their price objective on shares of Terex from $82.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. DA Davidson assumed coverage on shares of Terex in a research note on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 target price on the stock. Zacks Research upgraded Terex from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Terex in a research report on Monday, April 20th.

Terex Stock Up 0.7%

NYSE TEX opened at $64.69 on Friday. The business has a fifty day moving average price of $63.70 and a 200 day moving average price of $62.03. Terex has a one year low of $41.70 and a one year high of $74.69. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.84. The company has a market cap of $7.39 billion, a P/E ratio of 30.95, a P/E/G ratio of 1.01 and a beta of 1.49.

Terex (NYSE:TEX) last announced 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. Terex had a return on equity of 13.43% and a net margin of 1.87%.The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter last year, the firm posted $0.83 EPS. The firm’s revenue for the quarter was up 41.1% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. Research analysts anticipate that Terex will post 4.84 EPS for the current fiscal year.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 11th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. Terex’s payout ratio is 32.54%.

Insider Transactions at Terex

In other Terex news, insider Joshua Gross sold 5,874 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $61.53, for a total value of $361,427.22. Following the completion of the sale, the insider directly owned 48,706 shares in the company, valued at $2,996,880.18. This represents a 10.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TEX. Dimensional Fund Advisors LP increased its position in Terex by 29.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,442,435 shares of the industrial products company’s stock worth $262,527,000 after purchasing an additional 1,008,444 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Terex by 17.9% in the 4th quarter. Wellington Management Group LLP now owns 2,798,109 shares of the industrial products company’s stock valued at $149,363,000 after purchasing an additional 425,322 shares during the last quarter. Morgan Stanley grew its stake in shares of Terex by 77.2% in the 4th quarter. Morgan Stanley now owns 1,669,042 shares of the industrial products company’s stock valued at $89,094,000 after buying an additional 727,277 shares during the period. Invesco Ltd. grew its stake in shares of Terex by 1.0% in the 4th quarter. Invesco Ltd. now owns 1,620,342 shares of the industrial products company’s stock valued at $86,494,000 after buying an additional 16,377 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Terex by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,616,942 shares of the industrial products company’s stock worth $86,326,000 after buying an additional 6,707 shares during the last quarter. Institutional investors and hedge funds 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.