Terex Corporation (NYSE:TEX – Get Free Report) has received an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $78.9091.
A number of equities analysts recently weighed in on TEX shares. Raymond James Financial raised Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price target for the company in a report on Monday, May 11th. Morgan Stanley restated an “overweight” rating and issued a $86.00 price objective on shares of Terex in a research report on Monday, August 3rd. Barclays upped their target price on Terex from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Wall Street Zen raised shares of Terex from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Evercore restated an “outperform” rating and set a $81.00 price objective on shares of Terex in a research report on Monday, May 11th.
Read Our Latest Stock Report on TEX
Terex Stock Performance
Terex (NYSE:TEX – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.14. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Terex had a net margin of 2.23% and a return on equity of 12.24%. The firm’s revenue for the quarter was up 50.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.49 earnings per share. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. On average, research analysts predict that Terex will post 5 earnings per share for the current year.
Terex Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 11th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, August 11th. Terex’s dividend payout ratio is 34.69%.
Institutional Investors Weigh In On Terex
Several institutional investors have recently bought and sold shares of TEX. Millennium Management LLC lifted its position 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 lifted its holdings in Terex by 427.2% in the 1st quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 2,841 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Terex by 3.8% during the 1st 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Terex by 0.8% during 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 buying an additional 1,597 shares in the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of Terex by 47.4% in the first quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company’s stock worth $1,719,000 after buying an additional 14,629 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.
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