Terex Corporation (NYSE:TEX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Terex Corporation (NYSE:TEX) have been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $73.9091.

A number of analysts have commented on the stock. Morgan Stanley restated an “overweight” rating and set a $84.00 price target on shares of Terex in a research report on Wednesday, May 6th. Evercore restated an “outperform” rating and set a $81.00 price target on shares of Terex in a research report on Monday, May 11th. Citigroup upgraded shares of Terex from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $73.00 to $75.00 in a research report on Monday, March 9th. Wells Fargo & Company boosted their price target on shares of Terex from $56.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Terex in a research report on Monday, April 20th.

Insider Activity at Terex

In related news, insider Joshua Gross sold 5,874 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $61.53, for a total value of $361,427.22. Following the sale, the insider directly owned 48,706 shares in the company, valued at $2,996,880.18. The trade was a 10.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is owned by insiders.

Institutional Trading of Terex

Hedge funds and other institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC raised its holdings in shares of Terex by 565.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 486 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 413 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Terex by 167.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 369 shares in the last quarter. Strs Ohio bought a new stake in shares of Terex in the 1st quarter worth approximately $30,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Terex in the 1st quarter worth approximately $47,000. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Terex by 856.2% in the 1st quarter. Capital Advisors Ltd. LLC now owns 851 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 762 shares in the last quarter. 92.88% of the stock is currently owned by institutional investors.

Terex Stock Up 3.9%

TEX stock opened at $57.53 on Friday. Terex has a 52 week low of $41.70 and a 52 week high of $71.50. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 27.52, a price-to-earnings-growth ratio of 0.86 and a beta of 1.57. The firm’s 50-day moving average is $60.69 and its two-hundred day moving average is $57.71. The company has a current ratio of 1.84, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57.

Terex (NYSE:TEX) last released its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.20. Terex had a net margin of 1.87% and a return on equity of 13.43%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the firm earned $0.83 EPS. Terex’s revenue was up 41.1% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, analysts forecast that Terex will post 4.87 earnings per share for the current fiscal year.

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.