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

Shares of Terex Corporation (NYSE:TEX) have earned a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $78.9091.

A number of analysts have recently commented on TEX shares. Raymond James Financial upgraded Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price target on the stock in a report on Monday, May 11th. Evercore reissued an “outperform” rating and issued a $81.00 target price on shares of Terex in a research report on Monday, May 11th. Citigroup boosted their target price on Terex from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. reduced their price target on Terex from $80.00 to $68.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Finally, Truist Financial raised their price target on shares of Terex from $92.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, July 31st.

Terex Stock Down 1.1%

Terex stock opened at $63.85 on Monday. The company has a 50 day moving average of $66.87 and a 200-day moving average of $63.90. The company has a quick ratio of 0.93, a current ratio of 1.82 and a debt-to-equity ratio of 0.54. Terex has a twelve month low of $41.70 and a twelve month high of $74.69. The stock has a market capitalization of $7.30 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 0.98 and a beta of 1.51.

Terex (NYSE:TEX) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.14 billion. Terex had a net margin of 2.23% and a return on equity of 12.24%. The firm’s quarterly revenue was up 50.5% on a year-over-year basis. During the same period last year, the business posted $1.49 earnings per share. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. On average, equities research analysts anticipate that Terex will post 5 EPS for the current fiscal year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 11th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, August 11th. Terex’s payout ratio is presently 34.69%.

Hedge Funds Weigh In On Terex

A number of large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its position in shares of Terex by 167.0% in the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 369 shares during the last quarter. Ancora Advisors LLC acquired a new position in Terex during the second quarter valued at approximately $29,000. Strs Ohio acquired a new position in Terex during the first quarter valued at approximately $30,000. Essential Partners LLC grew its stake in Terex by 171.2% in the first quarter. Essential Partners LLC now owns 564 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 356 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Terex in the second quarter valued at approximately $35,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

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.