Terex (NYSE:TEX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Terex (NYSE:TEX) from a hold rating to a buy rating in a research note released on Sunday.

A number of other brokerages have also recently weighed in on TEX. Citigroup lifted their price target on Terex from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a research note on Wednesday, October 8th. UBS Group lifted their target price on Terex from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, July 10th. Finally, Truist Financial set a $62.00 target price on Terex in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $54.67.

Terex Price Performance

Shares of Terex stock opened at $55.03 on Friday. The company’s 50-day moving average price is $52.10 and its two-hundred day moving average price is $47.21. The stock has a market cap of $3.61 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 5.58 and a beta of 1.66. Terex has a 52 week low of $31.53 and a 52 week high of $58.66. The company has a current ratio of 2.08, a quick ratio of 1.11 and a debt-to-equity ratio of 1.31.

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

Terex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Monday, November 10th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.2%. Terex’s payout ratio is presently 25.37%.

Insider Activity at Terex

In related news, VP Scott Posner sold 5,000 shares of the business’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 completion of the sale, the vice president owned 70,308 shares of the company’s stock, valued at approximately $3,550,554. The trade was a 6.64% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Terex

Several large investors have recently made changes to their positions in the company. Fifth Third Bancorp grew its stake in shares of Terex by 22.0% in 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 in the last quarter. M&T Bank Corp lifted its holdings in Terex by 3.1% in the 2nd quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock worth $350,000 after purchasing an additional 225 shares during the last quarter. Rise Advisors LLC lifted its holdings in Terex by 65.3% in the 2nd quarter. Rise Advisors LLC now owns 610 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 241 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Terex by 56.4% in the 2nd quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 259 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in Terex by 0.5% in 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 last quarter. 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.