Shares of Terex Corporation (NYSE:TEX – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $75.64.
Several equities analysts have issued reports on TEX shares. DA Davidson assumed coverage on Terex in a research note on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 target price on the stock. Barclays boosted 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. Wall Street Zen lowered shares of Terex from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Truist Financial lowered their price target on shares of Terex from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Terex in a report on Friday, July 17th.
View Our Latest Research Report on Terex
Hedge Funds Weigh In On Terex
A number of large investors have recently made changes to their positions in TEX. Ancora Advisors LLC purchased a new stake in shares of Terex during the 2nd quarter valued at $29,000. Essential Partners LLC grew its stake in Terex by 171.2% during the 1st quarter. Essential Partners LLC now owns 564 shares of the industrial products company’s stock worth $33,000 after buying an additional 356 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Terex during the 2nd quarter worth $35,000. Optiver Holding B.V. grew its stake in Terex by 67.5% during the 1st quarter. Optiver Holding B.V. now owns 782 shares of the industrial products company’s stock worth $46,000 after buying an additional 315 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC acquired a new position in Terex during the 1st quarter valued at about $47,000. 92.88% of the stock is owned by institutional investors and hedge funds.
Terex Stock Up 1.0%
Shares of NYSE TEX opened at $52.73 on Tuesday. The company has a current ratio of 1.82, a quick ratio of 0.93 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $6.03 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 0.95 and a beta of 1.47. The stock’s fifty day simple moving average is $60.23 and its two-hundred day simple moving average is $62.35. Terex has a 12-month low of $41.70 and a 12-month high of $74.69.
Terex (NYSE:TEX – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.23 by $0.14. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.14 billion. Terex had a return on equity of 12.24% and a net margin of 2.23%. 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 EPS. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. As a group, analysts expect that Terex will post 4.98 EPS for the current fiscal year.
Terex Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Monday, November 9th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, November 9th. Terex’s dividend payout ratio (DPR) is 34.69%.
About Terex
Terex Corporation is a global manufacturer of equipment used in construction, infrastructure development, utilities, recycling, and materials processing. The company designs, manufactures and supports machinery that helps customers lift, move, process and manage materials in a range of industrial and commercial applications.
Terex operates primarily through its Materials Processing and Aerial Work Platforms segments. Its product portfolio includes crushing and screening equipment, conveyors, washing and recycling systems, material handlers, rough-terrain and telescopic handlers, aerial work platforms, utility equipment and related aftermarket parts and services.
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