Terex (NYSE:TEX) Price Target Raised to $82.00

Terex (NYSE:TEX) had its price target boosted by Truist Financial from $72.00 to $82.00 in a research report sent to investors on Thursday, MarketBeat reports. The brokerage currently has a buy rating on the industrial products company’s stock.

TEX has been the subject of a number of other reports. Wall Street Zen downgraded shares of Terex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 21st. Wells Fargo & Company lifted their price objective on Terex from $50.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Raymond James Financial raised Terex from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a report on Monday, October 27th. Citigroup reaffirmed a “neutral” rating on shares of Terex in a research note on Thursday. Finally, UBS Group reduced their price objective on shares of Terex from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.70.

Terex Stock Performance

TEX opened at $69.27 on Thursday. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.30 and a quick ratio of 1.20. The company has a market capitalization of $4.54 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 7.18 and a beta of 1.68. The business has a fifty day simple moving average of $57.77 and a 200 day simple moving average of $52.90. Terex has a 1 year low of $31.53 and a 1 year high of $71.50.

Terex (NYSE:TEX) last announced its earnings results on Wednesday, February 11th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.12. Terex had a net margin of 4.08% and a return on equity of 16.51%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the business posted $0.77 earnings per share. Terex’s quarterly revenue was up 6.2% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. Research analysts expect that Terex will post 4.83 EPS for the current year.

Terex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. Terex’s payout ratio is 20.42%.

Institutional Trading of Terex

A number of hedge funds have recently added to or reduced their stakes in TEX. Kestra Advisory Services LLC increased its holdings in shares of Terex by 4.9% during the fourth quarter. Kestra Advisory Services LLC now owns 7,083 shares of the industrial products company’s stock worth $378,000 after buying an additional 328 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in Terex by 0.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 39,396 shares of the industrial products company’s stock worth $2,103,000 after acquiring an additional 328 shares during the last quarter. Segall Bryant & Hamill LLC increased its holdings in Terex by 23.6% in the 4th quarter. Segall Bryant & Hamill LLC now owns 118,609 shares of the industrial products company’s stock worth $6,331,000 after purchasing an additional 22,625 shares in the last quarter. Bridgewater Associates LP bought a new position in Terex in the fourth quarter valued at about $1,862,000. Finally, UMB Bank n.a. boosted its stake in shares of Terex by 15.0% during the fourth quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 189 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

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.