Terex (NYSE:TEX) Price Target Raised to $70.00 at Wells Fargo & Company

Terex (NYSE:TEX) had its target price lifted by Wells Fargo & Company from $56.00 to $70.00 in a report released on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the industrial products company’s stock.

TEX has been the subject of several other research reports. UBS Group decreased their price target on Terex from $52.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Raymond James Financial raised shares of Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Monday, October 27th. Truist Financial raised their target price on shares of Terex from $72.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup restated a “neutral” rating on shares of Terex in a research report on Thursday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a report on Wednesday, January 21st. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.70.

Terex Price Performance

NYSE TEX opened at $69.27 on Friday. The company has a 50-day moving average price of $57.77 and a two-hundred day moving average price of $52.88. Terex has a 52 week low of $31.53 and a 52 week high of $71.50. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 6.80 and a beta of 1.68. The company has a current ratio of 2.30, a quick ratio of 1.20 and a debt-to-equity ratio of 1.23.

Terex (NYSE:TEX) last issued its quarterly earnings data on Wednesday, February 11th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.12. Terex had a return on equity of 16.51% and a net margin of 4.08%.The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the firm posted $0.77 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. Analysts forecast that Terex will post 4.83 EPS for the current year.

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. Terex’s payout ratio is currently 28.94%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its holdings in shares of Terex by 565.8% in the third quarter. Smartleaf Asset Management LLC now owns 486 shares of the industrial products company’s stock valued at $25,000 after buying an additional 413 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Terex by 167.0% during 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. Hantz Financial Services Inc. grew its holdings in shares of Terex by 6,800.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 690 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 680 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Terex by 56.4% during the second 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 period. Finally, Strs Ohio purchased a new stake in shares of Terex during the first quarter valued at $30,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

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.