Brokerages Set Terex Corporation (NYSE:TEX) Price Target at $75.30

Shares of Terex Corporation (NYSE:TEX) have received an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $75.30.

TEX has been the topic of a number of analyst reports. Wall Street Zen cut Terex from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. cut their target price on Terex from $76.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Wells Fargo & Company upped their target price on Terex from $56.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Barclays initiated coverage on Terex in a research note on Tuesday, March 31st. They set an “overweight” rating and a $65.00 target price on the stock. Finally, Zacks Research raised Terex from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th.

Terex Trading Up 1.6%

Shares of NYSE TEX opened at $63.79 on Wednesday. The business’s 50 day moving average is $61.05 and its two-hundred day moving average is $59.44. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.84 and a quick ratio of 0.88. Terex has a 1-year low of $41.70 and a 1-year high of $71.50. The stock has a market capitalization of $7.29 billion, a P/E ratio of 30.52, a PEG ratio of 0.98 and a beta of 1.53.

Terex (NYSE:TEX) last issued 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 return on equity of 13.43% and a net margin of 1.87%.The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the previous year, the firm posted $0.83 earnings per share. The firm’s revenue for the quarter was up 41.1% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. As a group, research analysts expect that Terex will post 4.87 EPS for the current year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Monday, June 8th will be issued a $0.17 dividend. The ex-dividend date is Monday, June 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. Terex’s payout ratio is presently 32.54%.

Insider Activity

In related news, insider Joshua Gross sold 5,874 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $61.53, for a total value of $361,427.22. Following the completion of the sale, the insider owned 48,706 shares in the company, valued at approximately $2,996,880.18. The trade was a 10.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Trading of Terex

A number of large investors have recently modified their holdings of the company. UMB Bank n.a. boosted its holdings in shares of 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 holdings in shares of Terex by 3.1% in the second quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock valued at $350,000 after purchasing an additional 225 shares during the period. Perigon Wealth Management LLC boosted its holdings in shares of Terex by 2.5% in the fourth quarter. Perigon Wealth Management LLC now owns 9,246 shares of the industrial products company’s stock valued at $494,000 after purchasing an additional 228 shares during the period. Drum Hill Capital LLC boosted its holdings in shares of Terex by 0.6% in the fourth quarter. Drum Hill Capital LLC now owns 48,067 shares of the industrial products company’s stock valued at $2,566,000 after purchasing an additional 278 shares during the period. Finally, Kestra Advisory Services LLC boosted its holdings in shares of Terex by 4.0% in the first quarter. Kestra Advisory Services LLC now owns 7,369 shares of the industrial products company’s stock valued at $436,000 after purchasing an additional 286 shares during the period. 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.