Brokerages Set Terex Corporation (NYSE:TEX) Target Price at $73.91

Terex Corporation (NYSE:TEX) has earned an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $73.9091.

A number of research analysts have commented on the stock. Evercore reaffirmed an “outperform” rating and issued a $81.00 target price on shares of Terex in a research report on Monday, May 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 target price on shares of Terex in a research report on Wednesday, May 6th. Zacks Research raised shares of Terex from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a research report on Monday, April 20th. Finally, Robert W. Baird set a $100.00 target price on shares of Terex in a research report on Thursday, February 12th.

Insider Activity

In other news, insider Joshua Gross sold 5,874 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $61.53, for a total transaction of $361,427.22. Following the sale, the insider owned 48,706 shares of the company’s stock, valued at approximately $2,996,880.18. This represents a 10.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Terex

Hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its position in shares of Terex by 565.8% during the third quarter. Smartleaf Asset Management LLC now owns 486 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 413 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Terex by 167.0% during the second 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 in the last quarter. Strs Ohio acquired a new stake in shares of Terex during the first quarter worth about $30,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Terex during the first quarter worth about $47,000. Finally, Capital Advisors Ltd. LLC lifted its position in shares of Terex by 856.2% during the first quarter. Capital Advisors Ltd. LLC now owns 851 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 762 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex Trading Down 3.7%

Shares of TEX stock opened at $57.91 on Friday. The company’s 50-day moving average price is $60.91 and its 200-day moving average price is $57.64. The company has a current ratio of 1.84, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 0.94 and a beta of 1.57. Terex has a twelve month low of $41.70 and a twelve month high of $71.50.

Terex (NYSE:TEX) last announced its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.20. The firm had revenue of $1.73 billion for 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 company’s revenue was up 41.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. As a group, equities analysts predict that Terex will post 4.86 earnings per share for the current year.

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.