Terex Corporation (NYSE:TEX) Receives $52.22 Average Target Price from Brokerages

Shares of Terex Corporation (NYSE:TEX) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $52.2222.

A number of equities research analysts have issued reports on the company. Truist Financial set a $62.00 target price on Terex in a research report on Monday, August 4th. JPMorgan Chase & Co. upped their target price on Terex from $43.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 10th. Wall Street Zen raised Terex from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. UBS Group upped their target price on Terex from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, July 10th. Finally, The Goldman Sachs Group raised Terex from a “neutral” rating to a “buy” rating and increased their price objective for the company from $45.00 to $60.00 in a research report on Tuesday, May 27th.

Terex Trading Down 0.8%

Shares of NYSE TEX opened at $52.75 on Monday. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 5.36 and a beta of 1.65. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.11 and a current ratio of 2.08. The business has a 50 day simple moving average of $50.73 and a 200 day simple moving average of $44.67. Terex has a 52 week low of $31.53 and a 52 week high of $58.66.

Terex (NYSE:TEX) last announced its earnings results on Thursday, July 31st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.05. The firm had revenue of $1.49 billion during 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%.The company’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.16 earnings per share. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. On average, research analysts predict that Terex will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Monday, August 11th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, August 11th. Terex’s dividend payout ratio is currently 25.37%.

Insider Buying and Selling at Terex

In other news, VP Scott Posner sold 5,000 shares of the 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Terex

Several hedge funds have recently modified their holdings of the business. Nomura Holdings Inc. bought a new stake in shares of Terex in the second quarter valued at approximately $321,000. Castleark Management LLC bought a new stake in shares of Terex in the second quarter valued at approximately $3,912,000. Tower Research Capital LLC TRC boosted its position in shares of Terex by 244.0% in the second quarter. Tower Research Capital LLC TRC now owns 12,333 shares of the industrial products company’s stock valued at $576,000 after acquiring an additional 8,748 shares during the period. Corient Private Wealth LLC bought a new position in Terex in the second quarter worth $333,000. Finally, Lazard Asset Management LLC lifted its position in Terex by 8.8% in the second quarter. Lazard Asset Management LLC now owns 12,017 shares of the industrial products company’s stock worth $560,000 after purchasing an additional 969 shares during the period. 92.88% of the stock is owned by 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.