Terex Corporation (NYSE:TEX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Terex Corporation (NYSE:TEX) have been given an average rating of “Moderate Buy” by the thirteen brokerages that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $57.7273.

TEX has been the topic of a number of research reports. Morgan Stanley upgraded Terex from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $47.00 to $60.00 in a research note on Wednesday, December 10th. Wells Fargo & Company assumed coverage on shares of Terex in a research report on Thursday, November 13th. They set an “equal weight” rating and a $50.00 target price for the company. Citigroup cut their price objective on shares of Terex from $58.00 to $52.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded Terex from a “buy” rating to a “strong-buy” rating in a research report on Saturday.

Insider Buying and Selling

In related news, Director Andra Rush bought 2,120 shares of Terex 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 acquisition, the director directly owned 25,428 shares of the company’s stock, valued at $1,184,690.52. This represents a 9.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Terex

Large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in Terex by 565.8% during 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 in the last quarter. Rise Advisors LLC boosted its holdings in Terex by 65.3% in the 2nd quarter. Rise Advisors LLC now owns 610 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 241 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Terex by 167.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 369 shares in the last quarter. Strs Ohio purchased a new position in shares of Terex during the 1st quarter valued at $30,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of Terex by 6,800.0% in the second quarter. Hantz Financial Services Inc. now owns 690 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 680 shares during the period. 92.88% of the stock is currently owned by institutional investors.

Terex Stock Up 1.6%

Terex stock opened at $53.06 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 2.15 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $3.48 billion, a P/E ratio of 22.58, a P/E/G ratio of 5.26 and a beta of 1.70. The firm has a 50 day moving average price of $49.48 and a 200-day moving average price of $49.78. Terex has a twelve month low of $31.53 and a twelve month high of $58.66.

Terex (NYSE:TEX) last announced its quarterly earnings data 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. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period 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. As a group, equities analysts predict that Terex will post 4.83 EPS for the current year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Monday, November 10th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.68 dividend on an annualized basis and a yield of 1.3%. Terex’s dividend payout ratio is 28.94%.

About Terex

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.