Terex (NYSE:TEX – Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 4.700-5.100 for the period, compared to the consensus estimate of 4.870. The company issued revenue guidance of $7.9 billion-$8.2 billion, compared to the consensus revenue estimate of $7.9 billion.
Analysts Set New Price Targets
TEX has been the subject of a number of research analyst reports. Zacks Research raised shares of Terex from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Truist Financial boosted their price target on Terex from $92.00 to $96.00 and gave the company a “buy” rating in a report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Terex in a research note on Friday, July 17th. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 price objective on shares of Terex in a research report on Wednesday, May 6th. Finally, Wall Street Zen lowered Terex from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $79.82.
Get Our Latest Stock Analysis on Terex
Terex Stock Up 3.3%
Terex (NYSE:TEX – Get Free Report) last posted its 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. 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 1.87% and a return on equity of 13.43%. The business’s revenue for the quarter was up 50.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.49 earnings per share. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. Equities analysts forecast that Terex will post 4.85 earnings per share for the current fiscal year.
Terex Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 11th will be given 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 is Tuesday, August 11th. Terex’s dividend payout ratio is presently 32.54%.
Insider Activity
In related news, insider Joshua Gross sold 5,874 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $61.53, for a total value of $361,427.22. Following the completion of the transaction, the insider owned 48,706 shares of the company’s stock, valued at approximately $2,996,880.18. This represents a 10.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.60% of the company’s stock.
Key Stories Impacting Terex
Here are the key news stories impacting Terex this week:
- Positive Sentiment: Q2 results exceeded expectations. Terex reported adjusted EPS of $1.37, ahead of the roughly $1.23–$1.25 consensus, while revenue reached $2.24 billion versus estimates of $2.14 billion. Sales rose 50.5% year over year, helped in part by the REV Group acquisition. Terex Reports Second Quarter 2026 Results
- Positive Sentiment: Management raised its 2026 outlook. Terex now expects revenue of $7.9 billion to $8.2 billion and adjusted EBITDA of $960 million to $1.0 billion. The company also reported $2.0 billion of bookings, up 25.2% on a pro forma basis, and a $6.9 billion backlog, supporting visibility into future demand. Terex posts strong Q2 results, raises 2026 outlook
- Positive Sentiment: Truist became more bullish. The firm raised its price target from $92 to $96 and maintained a “Buy” rating, implying substantial potential upside based on the referenced trading level.
- Positive Sentiment: REV Group integration expands Terex’s vehicle portfolio. Terex completed the previously announced REV Group acquisition, adding specialized vehicle offerings serving emergency services and other essential markets. Investors may view the transaction as a catalyst for broader sales and cross-selling opportunities. Terex Completes REV Group Acquisition, Enhancing Vehicle Portfolio
- Neutral Sentiment: Reported growth benefited from the acquisition. Pro forma sales increased 8.5%, a more moderate rate than the reported 50.5% increase, while the 90% book-to-bill ratio indicates shipments exceeded new orders during the quarter.
- Negative Sentiment: GAAP profitability declined year over year. Net income rose to $110 million, but GAAP EPS fell to $0.96 from $1.09, and adjusted EPS declined from $1.49. Continued integration costs or weaker margins could limit the upside from the stronger revenue outlook.
- Negative Sentiment: Insider selling is a cautionary signal. Reported insider transactions showed six sales and no purchases over the past six months, though these trades do not necessarily indicate a change in management’s business outlook.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in Terex by 167.0% in the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 369 shares in the last quarter. Strs Ohio acquired a new position in Terex in the 1st quarter worth approximately $30,000. UMB Bank n.a. boosted its stake in Terex by 15.0% in the 4th 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 during the period. Quarry LP purchased a new position in Terex during the 4th quarter worth approximately $88,000. Finally, Empowered Funds LLC acquired a new stake in Terex during the 4th quarter valued at $108,000. 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.
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