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

Shares of Terex Corporation (NYSE:TEX) have been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $57.30.

A number of research firms have recently weighed in on TEX. Morgan Stanley set a $47.00 price objective on Terex and gave the company an “equal weight” rating in a research report on Tuesday. Wall Street Zen upgraded shares of Terex from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Raymond James Financial upgraded Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research note on Monday, October 27th. Citigroup dropped their price objective on Terex from $58.00 to $52.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Truist Financial set a $62.00 price target on Terex in a report on Monday, August 4th.

Terex Trading Down 0.1%

Shares of Terex stock opened at $45.99 on Tuesday. Terex has a 1-year low of $31.53 and a 1-year high of $58.66. The company’s fifty day simple moving average is $52.51 and its 200-day simple moving average is $48.57. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.08 and a quick ratio of 1.11. The stock has a market capitalization of $3.02 billion, a PE ratio of 17.16, a P/E/G ratio of 5.69 and a beta of 1.66.

Terex (NYSE:TEX) last announced its earnings results on Thursday, October 30th. The industrial products company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.28. Terex had a return on equity of 15.95% and a net margin of 3.46%.The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the firm earned $1.46 EPS. Terex’s revenue for the quarter was up 14.4% compared to the same quarter last year. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. As a group, equities analysts anticipate that Terex will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Monday, November 10th will be given a dividend of $0.17 per share. The ex-dividend date is Monday, November 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.5%. Terex’s dividend payout ratio is currently 28.94%.

Insider Buying and Selling at Terex

In other news, Director Andra Rush purchased 2,120 shares of the business’s stock in a transaction on Friday, October 31st. The stock was acquired at an average price of $46.59 per share, for a total transaction of $98,770.80. Following the acquisition, the director directly owned 25,428 shares of the company’s stock, valued at $1,184,690.52. This represents a 9.10% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Scott Posner sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $50.50, for a total value of $252,500.00. Following the sale, the vice president directly owned 70,308 shares in the company, valued at $3,550,554. This trade represents a 6.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Terex

Several hedge funds have recently made changes to their positions in TEX. Fifth Third Bancorp raised its holdings in Terex by 22.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,104 shares of the industrial products company’s stock valued at $52,000 after buying an additional 199 shares during the period. M&T Bank Corp increased its position in Terex by 3.1% during the second quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock valued at $350,000 after acquiring an additional 225 shares during the last quarter. Rise Advisors LLC raised its stake in shares of Terex by 65.3% in the second quarter. Rise Advisors LLC now owns 610 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 241 shares during the period. Bessemer Group Inc. raised its stake in shares of Terex by 56.4% in the second quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 259 shares during the period. Finally, California State Teachers Retirement System boosted its stake in shares of Terex by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 61,731 shares of the industrial products company’s stock worth $2,882,000 after purchasing an additional 287 shares during the period. 92.88% of the stock is currently 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.