Terex Corporation (NYSE:TEX) Given Consensus Recommendation of “Hold” by Analysts

Terex Corporation (NYSE:TEX) has been assigned a consensus rating of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $69.00.

A number of analysts have issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Terex from $56.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Wall Street Zen lowered Terex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 21st. Zacks Research downgraded Terex from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Robert W. Baird set a $100.00 price target on Terex in a research note on Thursday, February 12th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Terex in a research note on Thursday, February 12th.

Terex Stock Up 0.8%

NYSE TEX opened at $68.73 on Monday. Terex has a 12 month low of $31.53 and a 12 month high of $71.50. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 1.23. The stock has a market cap of $7.81 billion, a PE ratio of 20.64, a P/E/G ratio of 1.39 and a beta of 1.62. The stock’s 50 day moving average is $61.12 and its 200 day moving average is $54.26.

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

Terex Announces Dividend

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

Insider Buying and Selling

In other Terex news, insider Kieran Hegarty sold 11,980 shares of Terex stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $69.24, for a total value of $829,495.20. Following the completion of the transaction, the insider directly owned 173,495 shares of the company’s stock, valued at $12,012,793.80. This trade represents a 6.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. UMB Bank n.a. increased its stake in Terex by 15.0% during the fourth quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 189 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of Terex by 3.1% in the 2nd quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock worth $350,000 after purchasing an additional 225 shares during the period. Perigon Wealth Management LLC increased its position in shares of Terex by 2.5% during the 4th quarter. Perigon Wealth Management LLC now owns 9,246 shares of the industrial products company’s stock valued at $494,000 after purchasing an additional 228 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Terex by 56.4% during the 2nd quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 259 shares during the last quarter. Finally, Waterfront Wealth Inc. raised its holdings in Terex by 0.7% during the 3rd quarter. Waterfront Wealth Inc. now owns 39,694 shares of the industrial products company’s stock valued at $2,106,000 after buying an additional 260 shares during the period. 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.