Terex Corporation (NYSE:TEX) Stock Rated “Moderate Buy” by Wall Street Analysts

Terex Corporation (NYSE:TEX) has received an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $75.64.

A number of analysts have commented on TEX shares. Barclays lifted their target price on shares of Terex from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Morgan Stanley reissued an “overweight” rating and issued a $86.00 price target on shares of Terex in a research note on Monday, August 3rd. Citigroup reduced their price target on Terex from $80.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Truist Financial decreased their price objective on Terex from $96.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Finally, Wall Street Zen cut Terex from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th.

Terex Price Performance

Shares of NYSE:TEX opened at $50.72 on Tuesday. The firm has a market capitalization of $5.80 billion, a PE ratio of 25.88, a PEG ratio of 0.93 and a beta of 1.47. The company has a current ratio of 1.82, a quick ratio of 0.93 and a debt-to-equity ratio of 0.54. Terex has a 1-year low of $41.70 and a 1-year high of $74.69. The business’s 50 day moving average is $59.59 and its 200-day moving average is $62.26.

Terex (NYSE:TEX) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14. Terex had a net margin of 2.23% and a return on equity of 12.24%. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter last year, the company earned $1.49 earnings per share. The company’s revenue for the quarter was up 50.5% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. Sell-side analysts predict that Terex will post 4.98 earnings per share for the current year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Monday, November 9th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, November 9th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. Terex’s dividend payout ratio (DPR) is currently 34.69%.

Institutional Trading of Terex

A number of institutional investors have recently modified their holdings of TEX. BlackRock Inc. acquired a new stake in Terex during the second quarter worth about $1,063,541,000. Freestone Grove Partners LP bought a new position in Terex in the 2nd quarter valued at about $116,558,000. Arrowstreet Capital Limited Partnership increased its holdings in Terex by 11,448.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,238,924 shares of the industrial products company’s stock valued at $73,220,000 after buying an additional 1,228,196 shares during the period. Dimensional Fund Advisors LP increased its holdings in 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 buying an additional 1,008,444 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Terex in the 2nd quarter valued at approximately $68,204,000. 92.88% of the stock is currently owned by institutional investors.

About Terex

Terex Corporation (NYSE:TEX) is a global manufacturer of equipment used in construction, infrastructure development, utilities, recycling and material processing. The company designs and produces machinery intended to help customers build, maintain and improve transportation networks, commercial sites, utility systems and industrial facilities.

Terex operates primarily through its Aerial Work Platforms and Materials Processing businesses. Its products include aerial lifts, telehandlers and other access equipment, as well as crushing, screening, conveying, washing, recycling and environmental-processing machinery.