Analysts Set Terex Corporation (NYSE:TEX) Price Target at $57.73

Terex Corporation (NYSE:TEX) has been given an average recommendation of “Moderate Buy” by the thirteen analysts that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given 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 $57.7273.

TEX has been the topic of several research analyst reports. UBS Group cut their target price on Terex from $52.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Morgan Stanley upgraded Terex from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $47.00 to $60.00 in a report on Wednesday, December 10th. Wall Street Zen upgraded shares of Terex from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 13th. Raymond James Financial raised shares of Terex from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research note on Monday, October 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a research note on Wednesday, October 8th.

Insider Buying and Selling at Terex

In other news, Director Andra Rush purchased 2,120 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were acquired 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 $1,184,690.52. This trade represents a 9.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Terex

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Terex by 0.7% in the first quarter. Vanguard Group Inc. now owns 6,749,354 shares of the industrial products company’s stock valued at $254,991,000 after acquiring an additional 44,254 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Terex by 3.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,357,963 shares of the industrial products company’s stock valued at $172,262,000 after buying an additional 110,928 shares in the last quarter. Wellington Management Group LLP bought a new stake in Terex during the 3rd quarter valued at $121,724,000. American Century Companies Inc. lifted its position in shares of Terex by 1.4% during 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 in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Terex by 801.3% in the third quarter. Invesco Ltd. now owns 1,603,965 shares of the industrial products company’s stock worth $82,283,000 after acquiring an additional 1,425,996 shares during the period. Institutional investors own 92.88% of the company’s stock.

Terex Trading Up 1.1%

NYSE:TEX opened at $53.94 on Wednesday. Terex has a 52 week low of $31.53 and a 52 week high of $58.66. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.20 and a current ratio of 2.15. The firm’s fifty day moving average is $49.50 and its 200-day moving average is $49.89. The firm has a market cap of $3.54 billion, a P/E ratio of 22.95, a P/E/G ratio of 5.34 and a beta of 1.70.

Terex (NYSE:TEX) last released its earnings results on Thursday, October 30th. The industrial products company reported $1.50 earnings per share (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 for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the business earned $1.46 earnings per share. Terex’s revenue for the quarter was up 14.4% on a year-over-year basis. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. Equities analysts expect that Terex will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Monday, November 10th were paid a $0.17 dividend. The ex-dividend date was Monday, November 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.3%. Terex’s dividend payout ratio is presently 28.94%.

Terex Company Profile

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.