Terex (NYSE:TEX) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Terex (NYSE:TEX) from a buy rating to a hold rating in a research report report published on Saturday.

TEX has been the subject of a number of other research reports. Citigroup boosted their price target on Terex from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. Truist Financial set a $62.00 price objective on shares of Terex in a report on Monday, August 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a research note on Wednesday. Finally, UBS Group upped their price target on shares of Terex from $48.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Terex currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.67.

Terex Trading Down 6.7%

Terex stock opened at $50.52 on Friday. The company has a quick ratio of 1.11, a current ratio of 2.08 and a debt-to-equity ratio of 1.31. The firm has a 50-day moving average price of $51.40 and a two-hundred day moving average price of $46.42. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 5.09 and a beta of 1.66. Terex has a 52-week low of $31.53 and a 52-week high of $58.66.

Terex (NYSE:TEX) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.05. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. Terex had a return on equity of 15.95% and a net margin of 3.46%.The business’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.16 earnings per share. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. Sell-side analysts expect that Terex will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Monday, August 11th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.3%. Terex’s dividend payout ratio is currently 25.37%.

Insider Buying and Selling

In other Terex news, VP Scott Posner sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $50.50, for a total transaction of $252,500.00. Following the completion of the sale, the vice president directly owned 70,308 shares of the company’s stock, valued at approximately $3,550,554. This represents a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Terex

Several hedge funds have recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in shares of Terex by 83.0% in the first quarter. UMB Bank n.a. now owns 732 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 332 shares in the last quarter. Rise Advisors LLC lifted its holdings 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 purchasing an additional 241 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in 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 acquiring an additional 369 shares in the last quarter. Private Trust Co. NA lifted its stake in Terex by 128.0% in the 1st quarter. Private Trust Co. NA now owns 773 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 434 shares in the last quarter. Finally, Strs Ohio purchased a new stake in Terex in the 1st quarter worth about $30,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

About Terex

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.