Terex Corporation (NYSE:TEX – Free Report) – Stock analysts at Zacks Research increased their Q3 2028 earnings per share estimates for Terex in a research note issued on Wednesday, September 23rd. Zacks Research analyst Team now expects that the industrial products company will post earnings of $1.73 per share for the quarter, up from their prior estimate of $1.71. The consensus estimate for Terex’s current full-year earnings is $5.00 per share.
A number of other brokerages have also issued reports on TEX. Citigroup upped their price target on shares of Terex from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Barclays lifted their price objective on shares of Terex from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Morgan Stanley reissued an “overweight” rating and issued a $86.00 target price on shares of Terex in a research report on Monday, August 3rd. JPMorgan Chase & Co. reduced their target price on Terex from $80.00 to $68.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Finally, Truist Financial lifted their price target on Terex from $92.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $78.91.
Terex Stock Up 4.4%
TEX stock opened at $54.91 on Friday. The stock has a market capitalization of $6.27 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 0.80 and a beta of 1.47. Terex has a 52 week low of $41.70 and a 52 week high of $74.69. The company has a quick ratio of 0.93, a current ratio of 1.82 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average of $62.68 and a 200 day moving average of $62.72.
Terex (NYSE:TEX – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.14. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.14 billion. Terex had a net margin of 2.23% and a return on equity of 12.24%. The company’s revenue for the quarter was up 50.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.49 earnings per share. Terex has set its FY 2026 guidance at 4.700-5.100 EPS.
Institutional Trading of Terex
Several large investors have recently made changes to their positions in TEX. BlackRock Inc. acquired a new stake in shares of Terex in the second quarter worth $1,063,541,000. Freestone Grove Partners LP acquired a new position in Terex during the second quarter valued at $116,558,000. Arrowstreet Capital Limited Partnership lifted its position in Terex by 11,448.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,238,924 shares of the industrial products company’s stock valued at $73,220,000 after purchasing an additional 1,228,196 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Terex by 29.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,442,435 shares of the industrial products company’s stock valued at $262,527,000 after purchasing an additional 1,008,444 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Terex in the second quarter valued at $68,204,000. 92.88% of the stock is owned by hedge funds and other institutional investors.
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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