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

Terex Corporation (NYSE:TEX) has earned an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $76.7273.

A number of equities research analysts recently weighed in on TEX shares. 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. Zacks Research upgraded shares of Terex from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. DA Davidson initiated coverage on shares of Terex in a research report on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 price target for the company. Evercore restated an “outperform” rating and issued a $81.00 price target on shares of Terex in a report on Monday, May 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a research report on Monday, April 20th.

Terex Stock Up 0.0%

Shares of NYSE TEX opened at $68.17 on Friday. The company has a current ratio of 1.84, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $7.78 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 1.07 and a beta of 1.49. The stock’s fifty day simple moving average is $63.40 and its two-hundred day simple moving average is $61.60. Terex has a 12-month low of $41.70 and a 12-month high of $74.69.

Terex (NYSE:TEX) last released its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.78 by $0.20. The firm had revenue of $1.73 billion during 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 business’s revenue for the quarter 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, analysts expect that Terex will post 4.84 EPS for the current fiscal year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 11th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Terex’s dividend payout ratio is presently 32.54%.

Insiders Place Their Bets

In other news, insider Joshua Gross sold 5,874 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $61.53, for a total transaction of $361,427.22. Following the completion of the sale, the insider owned 48,706 shares in the company, valued at approximately $2,996,880.18. This represents a 10.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TEX. UMB Bank n.a. raised its stake in Terex by 15.0% in the fourth quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock valued at $77,000 after buying an additional 189 shares during the last quarter. M&T Bank Corp grew its stake in shares of Terex by 3.1% during the second quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock worth $350,000 after acquiring an additional 225 shares during the last quarter. Perigon Wealth Management LLC grew its stake in shares of Terex by 2.5% during the fourth quarter. Perigon Wealth Management LLC now owns 9,246 shares of the industrial products company’s stock worth $494,000 after acquiring an additional 228 shares during the last quarter. Drum Hill Capital LLC increased its holdings in shares of Terex by 0.6% during the fourth quarter. Drum Hill Capital LLC now owns 48,067 shares of the industrial products company’s stock valued at $2,566,000 after acquiring an additional 278 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in shares of Terex by 4.0% during the first quarter. Kestra Advisory Services LLC now owns 7,369 shares of the industrial products company’s stock valued at $436,000 after acquiring an additional 286 shares in the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

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.