Terex (NYSE:TEX) Earns Overweight Rating from Analysts at Barclays

Barclays began coverage on shares of Terex (NYSE:TEX) in a report released on Tuesday, Marketbeat reports. The firm issued an overweight rating and a $65.00 price objective on the industrial products company’s stock.

A number of other brokerages have also weighed in on TEX. Wells Fargo & Company increased their target price on shares of Terex from $56.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. JPMorgan Chase & Co. assumed coverage on shares of Terex in a research report on Wednesday, March 4th. They issued a “neutral” rating and a $76.00 price target on the stock. Citigroup upgraded shares of Terex from a “neutral” rating to a “buy” rating and upped their price target for the company from $73.00 to $75.00 in a research note on Monday, March 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a report on Wednesday, January 21st. Finally, Zacks Research lowered shares of Terex from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $72.18.

Terex Stock Performance

NYSE:TEX opened at $58.43 on Tuesday. The company has a market capitalization 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. The business has a fifty day simple moving average of $62.73 and a two-hundred day simple moving average of $55.82. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.30 and a quick ratio of 1.36. Terex has a 1 year low of $31.53 and a 1 year high of $71.50.

Terex (NYSE:TEX) last issued its quarterly earnings results on Wednesday, February 11th. The industrial products company reported $1.12 EPS for the quarter, meeting analysts’ consensus estimates of $1.12. Terex had a return on equity of 16.51% and a net margin of 4.08%.The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. The business’s revenue for the quarter 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, analysts expect that Terex will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

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 $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, March 6th. Terex’s dividend payout ratio is presently 20.42%.

Insider Activity at Terex

In other 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 value of $829,495.20. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Terex

Several institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. lifted its holdings in shares of Terex by 15.0% during the 4th quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 189 shares during the last quarter. M&T Bank Corp raised its holdings 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 valued at $350,000 after buying an additional 225 shares in the last quarter. Perigon Wealth Management LLC raised its holdings 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 valued at $494,000 after buying an additional 228 shares in the last quarter. Waterfront Wealth Inc. lifted its position in Terex by 0.7% in the 3rd quarter. Waterfront Wealth Inc. now owns 39,694 shares of the industrial products company’s stock worth $2,106,000 after buying an additional 260 shares during the last quarter. Finally, Drum Hill Capital LLC lifted its position in Terex by 0.6% in the 4th quarter. Drum Hill Capital LLC now owns 48,067 shares of the industrial products company’s stock worth $2,566,000 after buying an additional 278 shares during 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.