Terex (NYSE:TEX) Rating Lowered to Hold at Wall Street Zen

Terex (NYSE:TEX) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other research analysts have also recently issued reports on the stock. Truist Financial raised their price target on shares of Terex from $72.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Citigroup raised shares of Terex from a “neutral” rating to a “buy” rating and raised their price target for the stock from $73.00 to $75.00 in a report on Monday, March 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a report on Monday, April 20th. Robert W. Baird set a $100.00 price target on shares of Terex in a report on Thursday, February 12th. Finally, Zacks Research raised shares of Terex from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Terex currently has a consensus rating of “Moderate Buy” and an average price target of $70.82.

Terex Trading Down 0.1%

NYSE TEX opened at $63.53 on Friday. The company has a fifty day simple moving average of $61.67 and a two-hundred day simple moving average of $57.33. The stock has a market cap of $7.26 billion, a P/E ratio of 30.40, a P/E/G ratio of 0.99 and a beta of 1.57. Terex has a 12-month low of $40.83 and a 12-month high of $71.50. The company has a current ratio of 1.84, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57.

Terex (NYSE:TEX) last posted its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.20. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Terex had a net margin of 1.87% and a return on equity of 13.43%. The business’s quarterly revenue was up 41.1% on a year-over-year basis. During the same quarter last year, the company posted $0.83 earnings per share. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, analysts forecast that Terex will post 4.85 earnings per share for the current year.

Insider Buying and Selling at Terex

In other Terex news, insider Kieran Hegarty sold 11,980 shares of Terex stock in a transaction 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 transaction, the insider owned 173,495 shares of the company’s stock, valued at approximately $12,012,793.80. The trade was a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joshua Gross sold 5,874 shares of Terex stock in a transaction on Monday, May 4th. The shares were sold at an average price of $61.53, for a total transaction of $361,427.22. Following the completion of the transaction, the insider directly owned 48,706 shares of the company’s stock, valued at $2,996,880.18. The trade was a 10.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TEX. Smartleaf Asset Management LLC increased its holdings in 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 increased its holdings in Terex by 167.0% in the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $28,000 after buying an additional 369 shares in the last quarter. Strs Ohio purchased a new position in Terex in the first quarter valued at $30,000. Cassaday & Co Wealth Management LLC purchased a new position in Terex in the first quarter valued at $47,000. Finally, Capital Advisors Ltd. LLC increased its holdings in Terex by 856.2% in the first quarter. Capital Advisors Ltd. LLC now owns 851 shares of the industrial products company’s stock valued at $50,000 after buying an additional 762 shares in the last quarter. Hedge funds and other institutional investors 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.