Terex (NYSE:TEX) Shares Gap Down – Should You Sell?

Terex Corporation (NYSE:TEX)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $62.20, but opened at $59.00. Terex shares last traded at $62.7630, with a volume of 213,741 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Truist Financial lifted their price target on Terex from $72.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Barclays began coverage on Terex in a research report on Tuesday, March 31st. They set an “overweight” rating and a $65.00 price objective for the company. JPMorgan Chase & Co. dropped their price objective on Terex from $76.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. Robert W. Baird set a $100.00 price objective on Terex in a research report on Thursday, February 12th. Finally, Citigroup upgraded Terex from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $73.00 to $75.00 in a research report on Monday, March 9th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Terex presently has an average rating of “Moderate Buy” and an average target price of $70.73.

Terex Trading Down 0.7%

The stock has a market cap of $7.03 billion, a PE ratio of 18.64, a PEG ratio of 1.23 and a beta of 1.64. The business has a 50-day moving average of $62.01 and a 200 day moving average of $57.09. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.36 and a current ratio of 2.30.

Terex (NYSE:TEX) last posted its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.78 by $0.20. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Terex had a return on equity of 16.51% and a net margin of 4.08%.The firm’s revenue was up 41.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 EPS. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. Equities research analysts predict that Terex Corporation will post 4.84 EPS for the current fiscal year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Friday, March 6th were issued a $0.17 dividend. The ex-dividend date was Friday, March 6th. This represents a $0.68 annualized dividend and a yield of 1.1%. Terex’s payout ratio is 20.42%.

Insider Buying and Selling

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

Institutional Trading of Terex

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in Terex by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,433,991 shares of the industrial products company’s stock valued at $183,308,000 after buying an additional 76,028 shares during the period. Wellington Management Group LLP lifted its stake in shares of Terex by 17.9% in the 4th quarter. Wellington Management Group LLP now owns 2,798,109 shares of the industrial products company’s stock valued at $149,363,000 after purchasing an additional 425,322 shares in the last quarter. Morgan Stanley lifted its stake in shares of Terex by 77.2% in the 4th quarter. Morgan Stanley now owns 1,669,042 shares of the industrial products company’s stock valued at $89,094,000 after purchasing an additional 727,277 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Terex by 1.0% in the 4th quarter. Invesco Ltd. now owns 1,620,342 shares of the industrial products company’s stock valued at $86,494,000 after purchasing an additional 16,377 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Terex by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,616,942 shares of the industrial products company’s stock valued at $86,326,000 after purchasing an additional 6,707 shares in the last quarter. Hedge funds and other 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.