Terex Corporation (NYSE:TEX) Receives $69.00 Average Price Target from Analysts

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

A number of research analysts have issued reports on the company. Wall Street Zen downgraded Terex from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 21st. JPMorgan Chase & Co. started coverage on shares of Terex in a report on Wednesday, March 4th. They set a “neutral” rating and a $76.00 target price for the company. Morgan Stanley reiterated an “overweight” rating and issued a $83.00 target price on shares of Terex in a research note on Tuesday, February 17th. Robert W. Baird set a $100.00 price target on shares of Terex in a report on Thursday, February 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Terex in a research report on Wednesday, January 21st.

Terex Price Performance

Shares of TEX opened at $60.25 on Monday. The business’s 50-day moving average is $62.27 and its two-hundred day moving average is $54.81. The company has a market capitalization of $6.85 billion, a P/E ratio of 18.09, a P/E/G ratio of 1.26 and a beta of 1.62. Terex has a fifty-two week low of $31.53 and a fifty-two week high of $71.50. 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 (NYSE:TEX) last issued its quarterly earnings data on Wednesday, February 11th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.12. The business had revenue of $1.32 billion during 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%.The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 EPS. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. Research analysts predict that Terex will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, March 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. Terex’s dividend payout ratio (DPR) is 20.42%.

Insider Buying and Selling at Terex

In related news, insider Kieran Hegarty sold 11,980 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was 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. This represents a 6.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Terex

Several institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in shares of Terex by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,433,991 shares of the industrial products company’s stock worth $183,308,000 after buying an additional 76,028 shares during the period. Wellington Management Group LLP grew its stake in Terex by 17.9% in the 4th quarter. Wellington Management Group LLP now owns 2,798,109 shares of the industrial products company’s stock valued at $149,363,000 after acquiring an additional 425,322 shares during the period. Morgan Stanley increased its holdings in Terex by 77.2% in the 4th quarter. Morgan Stanley now owns 1,669,042 shares of the industrial products company’s stock worth $89,094,000 after acquiring an additional 727,277 shares in the last quarter. Invesco Ltd. increased its holdings in 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 acquiring an additional 16,377 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Terex by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,616,942 shares of the industrial products company’s stock worth $86,326,000 after acquiring an additional 6,707 shares during the period. 92.88% of the stock is owned by institutional investors and hedge funds.

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.