Truist Financial Issues Positive Forecast for Terex (NYSE:TEX) Stock Price

Terex (NYSE:TEX) had its target price increased by analysts at Truist Financial from $82.00 to $92.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Truist Financial’s price target points to a potential upside of 33.46% from the stock’s current price.

A number of other brokerages also recently weighed in on TEX. DA Davidson began coverage on shares of Terex in a research note on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 target price for the company. Raymond James Financial raised shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price target for the company in a report on Monday, May 11th. Wall Street Zen cut shares of Terex from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Citigroup raised Terex from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $73.00 to $75.00 in a report on Monday, March 9th. Finally, JPMorgan Chase & Co. decreased their price objective on Terex from $76.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $76.73.

Terex Price Performance

NYSE:TEX opened at $68.93 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.84 and a debt-to-equity ratio of 0.57. The firm has a market cap of $7.87 billion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49. Terex has a 12 month low of $41.70 and a 12 month high of $74.69. The company’s 50-day moving average price is $63.11 and its two-hundred day moving average price is $61.43.

Terex (NYSE:TEX) last posted its quarterly earnings data on Friday, May 1st. The industrial products company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.20. Terex had a net margin of 1.87% and a return on equity of 13.43%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter last year, the business posted $0.83 earnings per share. The company’s revenue was up 41.1% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, equities analysts anticipate that Terex will post 4.84 EPS for the current fiscal year.

Insider Transactions at Terex

In other news, insider Joshua Gross sold 5,874 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 48,706 shares in the company, valued at approximately $2,996,880.18. The trade was a 10.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Terex

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings 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 in the last quarter. Strs Ohio bought a new stake in Terex during the 1st quarter worth approximately $30,000. Essential Partners LLC increased its stake in Terex by 171.2% during the 1st quarter. Essential Partners LLC now owns 564 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 356 shares in the last quarter. Optiver Holding B.V. raised its holdings in Terex by 67.5% during the 1st quarter. Optiver Holding B.V. now owns 782 shares of the industrial products company’s stock worth $46,000 after buying an additional 315 shares during the period. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in Terex during the 1st quarter worth approximately $47,000. 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.