JPMorgan Chase & Co. Reiterates Neutral Rating for Terex (NYSE:TEX)

Terex (NYSE:TEX)‘s stock had its “neutral” rating reiterated by research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $76.00 price objective on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 14.41% from the company’s previous close.

A number of other research analysts have also recently issued reports on the company. Zacks Research cut Terex from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Citigroup restated a “neutral” rating on shares of Terex in a report on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a research note on Wednesday, January 21st. Wells Fargo & Company raised their target price on shares of Terex from $56.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. Finally, UBS Group decreased their target price on shares of Terex from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Terex has an average rating of “Hold” and a consensus price target of $71.60.

Terex Trading Down 4.3%

TEX stock opened at $66.43 on Wednesday. The company has a market capitalization of $7.55 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 1.41 and a beta of 1.62. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.36 and a current ratio of 2.30. Terex has a one year low of $31.53 and a one year high of $71.50. The company’s 50 day moving average price is $61.65 and its two-hundred day moving average price is $54.50.

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

Insider Buying and Selling at Terex

In related news, insider Kieran Hegarty sold 11,980 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $69.24, for a total value of $829,495.20. Following the sale, the insider owned 173,495 shares in the company, valued at $12,012,793.80. This represents a 6.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Terex

Institutional investors have recently modified their holdings of the stock. Invesco Ltd. raised its position in shares of Terex by 1.0% in the 4th quarter. Invesco Ltd. now owns 1,620,342 shares of the industrial products company’s stock worth $86,494,000 after purchasing an additional 16,377 shares during the last quarter. Corient Private Wealth LLC bought a new stake in Terex during the 4th quarter valued at about $250,000. Mercer Global Advisors Inc. ADV raised its holdings in Terex by 18.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,231 shares of the industrial products company’s stock worth $333,000 after buying an additional 983 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Terex in the fourth quarter worth approximately $108,000. Finally, XTX Topco Ltd purchased a new stake in shares of Terex during the fourth quarter valued at approximately $248,000. 92.88% of the stock is owned by hedge funds and other institutional investors.

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.