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

Terex Corporation (NYSE:TEX) has been assigned an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $72.1818.

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Terex in a research note on Wednesday, March 4th. They set a “neutral” rating and a $76.00 price target for the company. Zacks Research downgraded shares of Terex from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Barclays began coverage on shares of Terex in a research report on Tuesday. They set an “overweight” rating and a $65.00 target price for the company. Wells Fargo & Company upped 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. Finally, Citigroup upgraded shares of Terex from a “neutral” rating to a “buy” rating and increased their price target for the company from $73.00 to $75.00 in a research report on Monday, March 9th.

Terex Stock Down 0.2%

TEX stock opened at $58.43 on Friday. 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 company’s 50-day moving average price is $62.73 and its 200 day moving average price is $55.82. Terex has a 52 week low of $31.53 and a 52 week high of $71.50. The company has a market cap of $6.64 billion, a P/E ratio of 17.55, a P/E/G ratio of 1.21 and a beta of 1.64.

Terex (NYSE:TEX) last posted its quarterly 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. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. Terex had a net margin of 4.08% and a return on equity of 16.51%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $0.77 EPS. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. On average, research analysts expect that Terex will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, March 6th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, March 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. Terex’s payout ratio is 20.42%.

Insider Activity

In related news, insider Kieran Hegarty sold 11,980 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $69.24, for a total transaction of $829,495.20. Following the sale, the insider owned 173,495 shares in the company, valued at approximately $12,012,793.80. This trade represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Terex

Several institutional investors have recently added to or reduced their stakes 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 buying an additional 413 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Terex by 167.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after buying an additional 369 shares during the period. Strs Ohio purchased a new position in shares of Terex in the 1st quarter worth $30,000. Rise Advisors LLC boosted its holdings in Terex by 108.9% in the third quarter. Rise Advisors LLC now owns 1,274 shares of the industrial products company’s stock valued at $65,000 after acquiring an additional 664 shares during the last quarter. Finally, UMB Bank n.a. grew its position 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 valued at $77,000 after acquiring an additional 189 shares during the period. 92.88% of the stock is currently owned by institutional investors and hedge funds.

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.