Terex (NYSE:TEX) Now Covered by Analysts at Barclays

Equities research analysts at Barclays assumed coverage on shares of Terex (NYSE:TEX) in a note issued to investors on Tuesday. The brokerage set an “overweight” rating and a $65.00 price target on the industrial products company’s stock. Barclays‘s price objective suggests a potential upside of 18.49% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Wall Street Zen cut shares of Terex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 21st. Zacks Research downgraded shares of Terex from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a research report on Wednesday, January 21st. JPMorgan Chase & Co. began coverage on shares of Terex in a research note on Wednesday, March 4th. They set a “neutral” rating and a $76.00 price objective for the company. Finally, Truist Financial upped their price objective on shares of Terex from $72.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $72.18.

Terex Stock Down 2.8%

TEX opened at $54.86 on Tuesday. The company has a market cap of $6.24 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 1.14 and a beta of 1.62. Terex has a twelve month low of $31.53 and a twelve month high of $71.50. The company has a 50-day moving average price of $62.80 and a 200 day moving average price of $55.73. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 1.23.

Terex (NYSE:TEX) last posted 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. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Terex had a return on equity of 16.51% and a net margin of 4.08%.Terex’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 EPS. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. Sell-side analysts expect that Terex will post 4.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Terex

In other news, insider Kieran Hegarty sold 11,980 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $69.24, for a total value of $829,495.20. Following the completion of the sale, the insider owned 173,495 shares of the company’s stock, 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 currently owned by company insiders.

Institutional Investors Weigh In On Terex

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TEX. Smartleaf Asset Management LLC lifted its stake in shares of Terex by 565.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 486 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 413 shares during the last quarter. EverSource Wealth Advisors LLC increased its position 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 purchasing an additional 369 shares during the last quarter. Strs Ohio purchased a new stake in Terex in the 1st quarter valued at about $30,000. Rise Advisors LLC lifted its position in Terex by 108.9% in the third quarter. Rise Advisors LLC now owns 1,274 shares of the industrial products company’s stock valued at $65,000 after buying an additional 664 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in Terex by 15.0% in the fourth quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock valued at $77,000 after buying an additional 189 shares during 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.