Terex (NYSE:TEX) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Terex (NYSE:TEX) from a buy rating to a strong-buy rating in a research report released on Saturday morning.

Several other research firms have also commented on TEX. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research report on Wednesday, October 8th. Raymond James Financial raised Terex from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research report on Monday, October 27th. Citigroup lowered their price target on Terex from $58.00 to $52.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Wells Fargo & Company started coverage on shares of Terex in a research note on Thursday, November 13th. They set an “equal weight” rating and a $50.00 price objective for the company. Finally, Morgan Stanley raised shares of Terex from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $47.00 to $60.00 in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Terex currently has an average rating of “Moderate Buy” and an average price target of $57.73.

Terex Trading Down 2.0%

TEX stock opened at $51.47 on Friday. The firm has a fifty day moving average price of $49.51 and a 200 day moving average price of $49.66. Terex has a fifty-two week low of $31.53 and a fifty-two week high of $58.66. The firm has a market cap of $3.38 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 5.19 and a beta of 1.70. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.20 and a current ratio of 2.15.

Terex (NYSE:TEX) last released its quarterly earnings data on Thursday, October 30th. The industrial products company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.22 by $0.28. Terex had a net margin of 2.92% and a return on equity of 15.93%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business earned $1.46 earnings per share. Terex’s quarterly revenue was up 14.4% compared to the same quarter last year. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. Sell-side analysts anticipate that Terex will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Monday, November 10th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, November 10th. Terex’s dividend payout ratio (DPR) is 28.94%.

Insider Activity

In related news, Director Andra Rush purchased 2,120 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were purchased at an average cost of $46.59 per share, for a total transaction of $98,770.80. Following the completion of the acquisition, the director owned 25,428 shares in the company, valued at approximately $1,184,690.52. This trade represents a 9.10% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Terex

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Terex by 0.7% in the first quarter. Vanguard Group Inc. now owns 6,749,354 shares of the industrial products company’s stock worth $254,991,000 after purchasing an additional 44,254 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Terex by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,357,963 shares of the industrial products company’s stock worth $172,262,000 after buying an additional 110,928 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Terex during the third quarter valued at $121,724,000. Fuller & Thaler Asset Management Inc. increased its stake in shares of Terex by 8.8% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,338,868 shares of the industrial products company’s stock valued at $88,362,000 after buying an additional 188,195 shares during the period. Finally, American Century Companies Inc. lifted its stake in Terex by 1.4% in the first quarter. American Century Companies Inc. now owns 1,765,690 shares of the industrial products company’s stock worth $66,708,000 after acquiring an additional 24,484 shares during the period. 92.88% of the stock is owned by hedge funds and other institutional investors.

Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.