Analysts Set Terex Corporation (NYSE:TEX) PT at $76.73

Terex Corporation (NYSE:TEX) has been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $76.7273.

TEX has been the subject of several research reports. Raymond James Financial upgraded shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price target for the company in a research report on Monday, May 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 price objective on shares of Terex in a research report on Wednesday, May 6th. Truist Financial boosted their target price on shares of Terex from $82.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. JPMorgan Chase & Co. reduced their target price on shares of Terex from $76.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. Finally, DA Davidson initiated coverage on shares of Terex in a research report on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 target price for the company.

Terex Stock Performance

Terex stock traded up $3.09 during mid-day trading on Friday, reaching $67.72. 961,575 shares of the company’s stock were exchanged, compared to its average volume of 1,492,543. The business’s fifty day simple moving average is $63.84 and its 200 day simple moving average is $62.07. The firm has a market capitalization of $7.73 billion, a PE ratio of 32.40, a P/E/G ratio of 1.06 and a beta of 1.49. Terex has a one year low of $41.70 and a one year high of $74.69. The company has a quick ratio of 0.88, a current ratio of 1.84 and a debt-to-equity ratio of 0.57.

Terex (NYSE:TEX) last announced its quarterly earnings data on Friday, May 1st. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.20. Terex had a return on equity of 13.43% and a net margin of 1.87%.The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The business’s revenue for the quarter was up 41.1% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, sell-side analysts expect that Terex will post 4.84 earnings per share for the current year.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 11th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.68 annualized dividend and a yield of 1.0%. Terex’s dividend payout ratio is presently 32.54%.

Insiders Place Their Bets

In other Terex news, insider Joshua Gross sold 5,874 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $61.53, for a total value of $361,427.22. Following the completion of the sale, the insider directly owned 48,706 shares of the company’s stock, valued at $2,996,880.18. This trade represents a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Terex

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in shares of Terex by 7.6% in the second quarter. GAMMA Investing LLC now owns 2,290 shares of the industrial products company’s stock valued at $166,000 after acquiring an additional 161 shares during the period. UMB Bank n.a. increased its holdings in Terex by 15.0% during the 4th quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 189 shares during the period. M&T Bank Corp increased its holdings in Terex by 3.1% during the 2nd quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock worth $350,000 after acquiring an additional 225 shares during the period. Perigon Wealth Management LLC lifted its stake in Terex by 2.5% in the 4th quarter. Perigon Wealth Management LLC now owns 9,246 shares of the industrial products company’s stock worth $494,000 after purchasing an additional 228 shares in the last quarter. Finally, Drum Hill Capital LLC lifted its stake in Terex by 0.6% in the 4th quarter. Drum Hill Capital LLC now owns 48,067 shares of the industrial products company’s stock worth $2,566,000 after purchasing an additional 278 shares in the last quarter. 92.88% of the stock is currently owned by institutional investors.

Terex Company Profile

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.