Terex (NYSE:TEX) Raised to Strong-Buy at DA Davidson

Terex (NYSE:TEX) was upgraded by investment analysts at DA Davidson to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on the company. Raymond James Financial upgraded Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 target price on the stock in a research note on Monday, May 11th. JPMorgan Chase & Co. dropped their price objective on shares of Terex from $76.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research report on Monday, April 20th. Zacks Research raised shares of Terex from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Barclays started coverage on shares of Terex in a research report on Tuesday, March 31st. They issued an “overweight” rating and a $65.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Terex has an average rating of “Moderate Buy” and a consensus target price of $75.82.

Terex Stock Performance

Shares of TEX stock opened at $70.03 on Wednesday. The company has a market cap of $8.00 billion, a P/E ratio of 33.51, a PEG ratio of 1.06 and a beta of 1.53. The business has a 50 day moving average of $61.96 and a two-hundred day moving average of $60.67. Terex has a 52 week low of $41.70 and a 52 week high of $71.50. The company has a quick ratio of 0.88, a current ratio of 1.84 and a debt-to-equity ratio of 0.57.

Terex (NYSE:TEX) last announced its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.20. Terex had a return on equity of 13.43% and a net margin of 1.87%.The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the prior year, the firm earned $0.83 EPS. The business’s quarterly revenue 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, analysts anticipate that Terex will post 4.87 EPS for the current year.

Insider Buying and Selling at Terex

In related news, insider Joshua Gross sold 5,874 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were 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 of the company’s stock, valued at $2,996,880.18. This represents a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Terex

Large investors have recently bought and sold shares of the stock. Millennium Management LLC boosted its holdings in shares of Terex by 1,086.3% in the first quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company’s stock valued at $9,674,000 after acquiring an additional 234,470 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Terex by 427.2% during the first quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 2,841 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Terex by 3.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company’s stock worth $41,263,000 after purchasing an additional 40,077 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Terex by 0.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,210 shares of the industrial products company’s stock worth $7,375,000 after purchasing an additional 1,597 shares during the period. Finally, Intech Investment Management LLC boosted its stake in Terex by 47.4% during the 1st quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company’s stock valued at $1,719,000 after purchasing an additional 14,629 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

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.