Terex Corporation (NYSE:TEX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Terex Corporation (NYSE:TEX) have been given a consensus rating of “Moderate Buy” by the eleven analysts that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $75.30.

Several research firms have issued reports on TEX. Raymond James Financial upgraded shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price objective for the company in a research note on Monday, May 11th. JPMorgan Chase & Co. reduced their target price on shares of Terex from $76.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 price target on shares of Terex in a research report on Wednesday, May 6th. Citigroup raised Terex from a “neutral” rating to a “buy” rating and raised their price objective for the company from $73.00 to $75.00 in a research report on Monday, March 9th. Finally, Evercore restated an “outperform” rating and set a $81.00 price objective on shares of Terex in a research note on Monday, May 11th.

Insiders Place Their Bets

In other Terex news, insider Joshua Gross sold 5,874 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 48,706 shares in the company, valued at $2,996,880.18. This represents a 10.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Terex

Several hedge funds and other institutional investors have recently bought and sold shares of TEX. Millennium Management LLC grew its position in shares of Terex by 1,086.3% during the first quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company’s stock worth $9,674,000 after buying an additional 234,470 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Terex by 427.2% during the 1st quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 2,841 shares during the last quarter. Goldman Sachs Group Inc. boosted 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 acquiring an additional 40,077 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Terex by 0.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,210 shares of the industrial products company’s stock worth $7,375,000 after acquiring an additional 1,597 shares in the last quarter. Finally, Intech Investment Management LLC increased its position in shares of Terex by 47.4% in the 1st quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company’s stock worth $1,719,000 after purchasing an additional 14,629 shares during the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Terex Stock Performance

Shares of NYSE:TEX opened at $66.41 on Wednesday. The business has a 50-day moving average of $61.31 and a two-hundred day moving average of $59.81. The firm has a market capitalization of $7.58 billion, a PE ratio of 31.90, a P/E/G ratio of 1.02 and a beta of 1.53. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.84 and a quick ratio of 0.88. Terex has a 12 month low of $41.70 and a 12 month high of $71.50.

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

Terex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Monday, June 8th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, June 8th. Terex’s dividend payout ratio (DPR) is presently 32.54%.

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.