Terex Corporation (NYSE:TEX) Receives $76.73 Average Target Price from Analysts

Terex Corporation (NYSE:TEX) has received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $76.7273.

Several equities research analysts recently issued reports on the company. DA Davidson started coverage on Terex in a report on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 price objective on the stock. Truist Financial raised their target price on Terex from $82.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Wall Street Zen lowered Terex from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Morgan Stanley reissued an “overweight” rating and issued a $84.00 price objective on shares of Terex in a research note on Wednesday, May 6th. Finally, Barclays began coverage on Terex in a report on Tuesday, March 31st. They issued an “overweight” rating and a $65.00 price objective on the stock.

Insider Transactions at Terex

In related news, insider Joshua Gross sold 5,874 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $61.53, for a total transaction of $361,427.22. Following the completion of the sale, the insider owned 48,706 shares of the company’s stock, valued at approximately $2,996,880.18. This represents a 10.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew 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 purchasing an additional 369 shares in the last quarter. Strs Ohio purchased a new position in Terex during the first quarter worth approximately $30,000. Essential Partners LLC boosted its stake in Terex by 171.2% during the first quarter. Essential Partners LLC now owns 564 shares of the industrial products company’s stock worth $33,000 after buying an additional 356 shares during the last quarter. Optiver Holding B.V. grew its holdings in Terex by 67.5% in the 1st quarter. Optiver Holding B.V. now owns 782 shares of the industrial products company’s stock valued at $46,000 after buying an additional 315 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in shares of Terex in the 1st quarter worth $47,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Terex Stock Performance

NYSE:TEX opened at $66.66 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.84. The stock has a market capitalization of $7.61 billion, a PE ratio of 31.89, a P/E/G ratio of 1.09 and a beta of 1.49. Terex has a fifty-two week low of $41.70 and a fifty-two week high of $74.69. The company has a fifty day moving average of $63.61 and a two-hundred day moving average of $61.88.

Terex (NYSE:TEX) last announced its earnings results on Friday, May 1st. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.20. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.70 billion. Terex had a net margin of 1.87% and a return on equity of 13.43%. The company’s revenue for the quarter was up 41.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.83 earnings per share. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. As a group, research analysts forecast that Terex will post 4.84 earnings per share for the current fiscal year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 11th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, August 11th. Terex’s dividend payout ratio (DPR) is currently 32.54%.

About Terex

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.