Terex Corporation (NYSE:TEX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Terex Corporation (NYSE:TEX) have been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $72.1818.

A number of equities research analysts have recently weighed in on TEX shares. Morgan Stanley reiterated an “overweight” rating and issued a $83.00 price objective on shares of Terex in a research report on Tuesday, February 17th. Wells Fargo & Company raised their price target on Terex from $56.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Barclays assumed coverage on shares of Terex in a report on Tuesday. They issued an “overweight” rating and a $65.00 price target on the stock. Zacks Research lowered shares of Terex from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Finally, 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 target price for the company.

Insiders Place Their Bets

In other Terex news, insider Kieran Hegarty sold 11,980 shares of Terex stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $69.24, for a total transaction of $829,495.20. Following the sale, the insider directly owned 173,495 shares of the company’s stock, valued at approximately $12,012,793.80. The trade was a 6.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Terex

Hedge funds have recently made changes to their positions in the company. UMB Bank n.a. raised its holdings in Terex by 15.0% in the fourth quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock worth $77,000 after purchasing an additional 189 shares in the last quarter. M&T Bank Corp grew its position in shares of Terex by 3.1% in the 2nd quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock worth $350,000 after buying an additional 225 shares during the period. Perigon Wealth Management LLC grew its position in shares of Terex by 2.5% in the 4th quarter. Perigon Wealth Management LLC now owns 9,246 shares of the industrial products company’s stock worth $494,000 after buying an additional 228 shares during the period. Waterfront Wealth Inc. increased its stake in shares of 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 acquiring an additional 260 shares in the last quarter. Finally, Drum Hill Capital LLC lifted its position in Terex by 0.6% during the 4th quarter. Drum Hill Capital LLC now owns 48,067 shares of the industrial products company’s stock valued at $2,566,000 after acquiring an additional 278 shares during the period. 92.88% of the stock is currently owned by institutional investors.

Terex Price Performance

TEX stock opened at $59.19 on Friday. The firm’s 50-day moving average price is $62.80 and its two-hundred day moving average price is $55.77. Terex has a 12-month low of $31.53 and a 12-month high of $71.50. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.10 and a beta of 1.62. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 1.23.

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

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Friday, March 6th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, March 6th. Terex’s dividend payout ratio is presently 20.42%.

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.