Terex Corporation (NYSE:TEX) Given Average Rating of “Moderate Buy” by Analysts

Terex Corporation (NYSE:TEX) has been given a consensus rating of “Moderate Buy” by the eleven brokerages that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $75.30.

A number of brokerages recently commented on TEX. Robert W. Baird set a $100.00 price target on Terex in a research note on Thursday, February 12th. JPMorgan Chase & Co. lowered their price target on shares of Terex from $76.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. Evercore reissued an “outperform” rating and set a $81.00 price target on shares of Terex in a research report on Monday, May 11th. Zacks Research raised Terex from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a research report on Monday, April 20th.

Terex Stock Up 1.6%

Shares of NYSE TEX opened at $63.71 on Wednesday. Terex has a one year low of $41.70 and a one year high of $71.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.84 and a quick ratio of 0.88. The firm’s 50 day simple moving average is $60.81 and its two-hundred day simple moving average is $59.14. The stock has a market capitalization of $7.28 billion, a P/E ratio of 30.48, a PEG ratio of 0.98 and a beta of 1.53.

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

Terex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Monday, June 8th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, June 8th. Terex’s payout ratio is currently 32.54%.

Insider Activity

In other news, insider Joshua Gross sold 5,874 shares of Terex stock in a transaction dated 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 of the company’s stock, valued at $2,996,880.18. The trade was a 10.76% decrease in their position. The transaction was disclosed in a document filed 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

A number of large investors have recently made changes to their positions in TEX. Smartleaf Asset Management LLC grew its stake in shares of Terex by 565.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 486 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 413 shares during the period. EverSource Wealth Advisors LLC grew its stake 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 during the period. Strs Ohio bought a new stake in shares of Terex during the 1st quarter valued at about $30,000. Essential Partners LLC grew its stake in shares of Terex by 171.2% during the 1st quarter. Essential Partners LLC now owns 564 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 356 shares during the period. Finally, Optiver Holding B.V. grew its stake in shares of Terex by 67.5% during the 1st quarter. Optiver Holding B.V. now owns 782 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 315 shares during the period. 92.88% of the stock is currently owned by institutional investors.

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.