Brokerages Set Terex Corporation (NYSE:TEX) Target Price at $72.90

Terex Corporation (NYSE:TEX) has been given an average recommendation of “Moderate Buy” by the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $72.90.

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. initiated coverage on shares of Terex in a research report on Wednesday, March 4th. They set a “neutral” rating and a $76.00 target price for the company. Wells Fargo & Company lifted their price target 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. Morgan Stanley reaffirmed an “overweight” rating and set a $83.00 price target on shares of Terex in a research report on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a report on Wednesday, January 21st. Finally, Zacks Research cut Terex from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th.

Terex Price Performance

TEX opened at $56.51 on Friday. The firm has a market capitalization of $6.43 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.14 and a beta of 1.62. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.30 and a quick ratio of 1.36. The business’s 50-day moving average is $62.91 and its two-hundred day moving average is $55.71. Terex has a 1 year low of $31.53 and a 1 year high of $71.50.

Terex (NYSE:TEX) last released its quarterly earnings results 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 period in the prior year, the firm posted $0.77 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. Research analysts anticipate that Terex will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Friday, March 6th were paid a $0.17 dividend. The ex-dividend date was Friday, March 6th. This represents a $0.68 dividend on an annualized basis and a yield of 1.2%. Terex’s dividend payout ratio (DPR) is 20.42%.

Insiders Place Their Bets

In other news, insider Kieran Hegarty sold 11,980 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $69.24, for a total transaction of $829,495.20. Following the sale, the insider owned 173,495 shares in the company, valued at approximately $12,012,793.80. The trade was a 6.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Terex

Several hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in shares of Terex by 68.0% in the second quarter. JPMorgan Chase & Co. now owns 704,844 shares of the industrial products company’s stock worth $32,909,000 after buying an additional 285,186 shares during the last quarter. Ballast Asset Management LP grew its holdings in shares of Terex by 57.0% during the third quarter. Ballast Asset Management LP now owns 85,795 shares of the industrial products company’s stock valued at $4,401,000 after buying an additional 31,145 shares during the last quarter. Retirement Systems of Alabama grew its holdings in shares of Terex by 48.4% during the third quarter. Retirement Systems of Alabama now owns 119,014 shares of the industrial products company’s stock valued at $6,105,000 after buying an additional 38,836 shares during the last quarter. Citigroup Inc. increased its position in shares of Terex by 253.8% in the 3rd quarter. Citigroup Inc. now owns 259,094 shares of the industrial products company’s stock valued at $13,292,000 after acquiring an additional 185,863 shares during the period. Finally, Minneapolis Portfolio Management Group LLC increased its position in shares of Terex by 42.6% in the 3rd quarter. Minneapolis Portfolio Management Group LLC now owns 647,289 shares of the industrial products company’s stock valued at $33,206,000 after acquiring an additional 193,260 shares during the period. 92.88% of the stock is owned by hedge funds and other 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.