Zacks Research Downgrades Terex (NYSE:TEX) to Strong Sell

Terex (NYSE:TEX) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

Other analysts have also issued research reports about the company. Raymond James Financial upgraded Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a report on Monday, October 27th. Wells Fargo & Company increased their target price on shares of Terex from $56.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a report on Wednesday, January 21st. Morgan Stanley restated an “overweight” rating and set a $83.00 price objective on shares of Terex in a report on Tuesday. Finally, UBS Group decreased their target price on Terex from $52.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $69.00.

Terex Price Performance

Shares of NYSE TEX traded up $0.19 during midday trading on Tuesday, reaching $69.25. 164,107 shares of the stock traded hands, compared to its average volume of 2,287,819. The stock has a market capitalization of $4.54 billion, a PE ratio of 20.68, a P/E/G ratio of 1.41 and a beta of 1.68. The company’s 50 day moving average is $58.92 and its 200 day moving average is $53.30. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.30 and a quick ratio of 1.20. Terex has a one year low of $31.53 and a one year high of $71.50.

Terex (NYSE:TEX) last released its quarterly earnings data on Wednesday, February 11th. The industrial products company reported $1.12 EPS for the quarter, meeting the consensus estimate of $1.12. Terex had a net margin of 4.08% and a return on equity of 16.51%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the business earned $0.77 earnings per share. Terex’s quarterly revenue was up 6.2% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. On average, equities research analysts anticipate that Terex will post 4.83 earnings per share for the current year.

Insider Activity

In other news, insider Kieran Hegarty sold 11,980 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $69.24, for a total transaction of $829,495.20. Following the transaction, the insider owned 173,495 shares in the company, valued at approximately $12,012,793.80. This trade represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.90% of the company’s stock.

Institutional Trading of Terex

A number of institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC acquired a new position in shares of Terex in the 4th quarter valued at $250,000. Mercer Global Advisors Inc. ADV raised its holdings in shares of Terex by 18.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,231 shares of the industrial products company’s stock valued at $333,000 after acquiring an additional 983 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Terex in the fourth quarter valued at approximately $108,000. XTX Topco Ltd acquired a new stake in Terex during the 4th quarter worth $248,000. Finally, Voloridge Investment Management LLC grew its holdings in shares of Terex by 45.0% during the fourth quarter. Voloridge Investment Management LLC now owns 641,525 shares of the industrial products company’s stock worth $34,245,000 after buying an additional 199,175 shares in the last quarter. 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.