Terex Corporation (NYSE:TEX) Given Average Recommendation of “Moderate Buy” by Brokerages

Terex Corporation (NYSE:TEX) has been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $57.7273.

Several research firms recently issued reports on TEX. Raymond James Financial upgraded Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a report on Monday, October 27th. UBS Group dropped their price target on Terex from $52.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Wells Fargo & Company started coverage on shares of Terex in a research note on Thursday, November 13th. They set an “equal weight” rating and a $50.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Terex from a “strong-buy” rating to a “buy” rating in a research note on Sunday.

Terex Trading Up 0.1%

TEX stock opened at $54.74 on Wednesday. Terex has a 52-week low of $31.53 and a 52-week high of $58.66. The company has a quick ratio of 1.20, a current ratio of 2.15 and a debt-to-equity ratio of 1.28. The firm has a market cap of $3.59 billion, a P/E ratio of 23.24, a PEG ratio of 5.47 and a beta of 1.70. The company’s 50-day simple moving average is $49.56 and its 200-day simple moving average is $50.07.

Terex (NYSE:TEX) last issued its quarterly earnings results on Thursday, October 30th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.28. Terex had a return on equity of 15.93% and a net margin of 2.92%.The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the business posted $1.46 earnings per share. Terex’s revenue for the quarter was up 14.4% on a year-over-year basis. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. As a group, equities analysts forecast that Terex will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Monday, November 10th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.68 dividend on an annualized basis and a yield of 1.2%. Terex’s payout ratio is 28.94%.

Insider Activity at Terex

In other news, Director Andra Rush acquired 2,120 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was purchased at an average price of $46.59 per share, with a total value of $98,770.80. Following the completion of the acquisition, the director owned 25,428 shares of the company’s stock, valued at $1,184,690.52. This trade represents a 9.10% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Terex

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Terex by 0.7% during the first quarter. Vanguard Group Inc. now owns 6,749,354 shares of the industrial products company’s stock worth $254,991,000 after acquiring an additional 44,254 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Terex by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,357,963 shares of the industrial products company’s stock worth $172,262,000 after purchasing an additional 110,928 shares during the last quarter. Wellington Management Group LLP purchased a new stake in Terex in the 3rd quarter valued at about $121,724,000. American Century Companies Inc. lifted its position in Terex by 1.4% in the first quarter. American Century Companies Inc. now owns 1,765,690 shares of the industrial products company’s stock valued at $66,708,000 after buying an additional 24,484 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Terex by 801.3% during the third quarter. Invesco Ltd. now owns 1,603,965 shares of the industrial products company’s stock worth $82,283,000 after buying an additional 1,425,996 shares during the period. Institutional investors and hedge funds own 92.88% of the company’s stock.

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.