Terex (NYSE:TEX) Upgraded at Citigroup

Citigroup upgraded shares of Terex (NYSE:TEX) from a neutral rating to a buy rating in a report published on Monday morning, Marketbeat Ratings reports. Citigroup currently has $75.00 price objective on the industrial products company’s stock, up from their previous price objective of $73.00.

Other analysts have also issued reports about the stock. Wall Street Zen lowered shares of Terex from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research report on Wednesday, January 21st. Zacks Research downgraded shares of Terex from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Morgan Stanley restated an “overweight” rating and issued a $83.00 price objective on shares of Terex in a report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. started coverage on shares of Terex in a research report on Wednesday, March 4th. They set a “neutral” rating and a $76.00 price objective for the company. Seven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $72.90.

Terex Trading Down 2.0%

TEX opened at $62.57 on Monday. The stock has a market capitalization of $7.11 billion, a PE ratio of 18.79, a P/E/G ratio of 1.30 and a beta of 1.62. Terex has a one year low of $31.53 and a one year high of $71.50. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.36 and a current ratio of 2.30. The business’s 50 day moving average price is $62.81 and its 200 day moving average price is $55.04.

Terex (NYSE:TEX) last posted its 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 company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the business earned $0.77 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. As a group, equities research analysts expect that Terex will post 4.83 EPS for the current year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th. Terex’s dividend payout ratio is currently 20.42%.

Insider Buying and Selling at Terex

In related news, insider Kieran Hegarty sold 11,980 shares of Terex 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 owned 173,495 shares in the company, valued at approximately $12,012,793.80. The trade was a 6.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Terex

Hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its stake in shares of Terex by 565.8% in the third quarter. Smartleaf Asset Management LLC now owns 486 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 413 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Terex by 167.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 369 shares in the last quarter. Strs Ohio purchased a new stake in Terex during the 1st quarter worth about $30,000. Rise Advisors LLC increased its stake in shares of Terex by 108.9% during the third quarter. Rise Advisors LLC now owns 1,274 shares of the industrial products company’s stock worth $65,000 after buying an additional 664 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of Terex by 15.0% in the 4th 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 in the last quarter. 92.88% of the stock is currently 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.