Terex Corporation (NYSE:TEX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Terex Corporation (NYSE:TEX) have received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $78.9091.

A number of analysts have recently weighed in on TEX shares. Truist Financial upped their price target on shares of Terex from $92.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday. Raymond James Financial upgraded Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 target price for the company in a research report on Monday, May 11th. Barclays raised their target price on Terex from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. DA Davidson initiated coverage on shares of Terex in a report on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 price target for the company. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Terex from $80.00 to $68.00 and set a “neutral” rating for the company in a research report on Friday.

Terex Trading Up 2.4%

NYSE:TEX opened at $64.38 on Thursday. Terex has a 1 year low of $41.70 and a 1 year high of $74.69. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 0.98 and a beta of 1.51. The business has a fifty day moving average of $65.44 and a 200-day moving average of $63.18. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.93 and a current ratio of 1.82.

Terex (NYSE:TEX) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.14. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Terex had a net margin of 2.23% and a return on equity of 12.24%. The company’s revenue was up 50.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.49 earnings per share. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. Equities analysts predict that Terex will post 4.88 earnings per share for the current year.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. Terex’s dividend payout ratio (DPR) is currently 34.69%.

Institutional Investors Weigh In On Terex

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in shares of Terex by 29.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,442,435 shares of the industrial products company’s stock valued at $262,527,000 after acquiring an additional 1,008,444 shares in the last quarter. Wellington Management Group LLP grew its position in Terex by 17.9% during the 4th quarter. Wellington Management Group LLP now owns 2,798,109 shares of the industrial products company’s stock worth $149,363,000 after purchasing an additional 425,322 shares in the last quarter. Morgan Stanley grew its position in Terex by 77.2% during the 4th quarter. Morgan Stanley now owns 1,669,042 shares of the industrial products company’s stock worth $89,094,000 after purchasing an additional 727,277 shares in the last quarter. Invesco Ltd. raised its stake in Terex by 1.0% during the 4th quarter. Invesco Ltd. now owns 1,620,342 shares of the industrial products company’s stock valued at $86,494,000 after purchasing an additional 16,377 shares during the period. Finally, Geode Capital Management LLC raised its stake in Terex by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,616,942 shares of the industrial products company’s stock valued at $86,326,000 after purchasing an additional 6,707 shares during the period. 92.88% of the stock is 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.