Brokerages Set Terex Corporation (NYSE:TEX) Price Target at $69.00

Terex Corporation (NYSE:TEX) has been assigned an average rating of “Hold” from the twelve analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $71.60.

A number of analysts recently issued reports on the company. Wall Street Zen cut Terex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 21st. UBS Group reduced their price objective on Terex from $52.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Citigroup reissued a “neutral” rating on shares of Terex in a report on Thursday, February 12th. Robert W. Baird set a $100.00 target price on shares of Terex in a report on Thursday, February 12th. Finally, Zacks Research downgraded shares of Terex from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th.

Terex Trading Up 1.0%

Shares of Terex stock opened at $67.21 on Monday. 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 has a fifty day simple moving average of $61.91 and a 200-day simple moving average of $54.59. The stock has a market cap of $7.64 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 1.35 and a beta of 1.62. Terex has a 12-month low of $31.53 and a 12-month high of $71.50.

Terex (NYSE:TEX) last announced its quarterly earnings results on Wednesday, February 11th. The industrial products company reported $1.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.12. Terex had a net margin of 4.08% and a return on equity of 16.51%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the company earned $0.77 earnings per share. Terex’s quarterly revenue was up 6.2% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. On average, equities analysts forecast that Terex will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. Terex’s dividend payout ratio (DPR) is currently 20.42%.

Insider Buying and Selling

In other Terex news, insider Kieran Hegarty sold 11,980 shares of Terex stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $69.24, for a total value of $829,495.20. Following the transaction, the insider directly owned 173,495 shares in the company, valued at approximately $12,012,793.80. This trade represents a 6.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Terex

Several hedge funds have recently made changes to their positions in the company. UMB Bank n.a. lifted its position 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 purchasing an additional 189 shares during the period. M&T Bank Corp boosted its position in shares of Terex by 3.1% during the 2nd quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock worth $350,000 after purchasing an additional 225 shares in the last quarter. Perigon Wealth Management LLC grew its stake in shares of Terex by 2.5% during the 4th quarter. Perigon Wealth Management LLC now owns 9,246 shares of the industrial products company’s stock worth $494,000 after purchasing an additional 228 shares during the period. Bessemer Group Inc. increased its holdings in shares of Terex by 56.4% in the 2nd quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 259 shares in the last quarter. Finally, Waterfront Wealth Inc. increased its holdings in shares of Terex by 0.7% in the 3rd quarter. Waterfront Wealth Inc. now owns 39,694 shares of the industrial products company’s stock valued at $2,106,000 after purchasing an additional 260 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

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.