Terex (NYSE:TEX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Terex (NYSE:TEX) from a hold rating to a buy rating in a research report released on Saturday morning.

TEX has been the subject of a number of other reports. Citigroup increased their target price on shares of Terex from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. DA Davidson initiated coverage on shares of Terex in a report on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 price target on the stock. Raymond James Financial raised Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price objective for the company in a report on Monday, May 11th. Zacks Research raised Terex from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Barclays raised their target price on Terex from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.91.

Terex Trading Up 2.4%

NYSE TEX opened at $64.38 on Friday. The business’s fifty day moving average is $65.44 and its 200-day moving average is $63.18. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.82 and a quick ratio of 0.93. The stock has a market capitalization of $7.36 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 0.98 and a beta of 1.51. Terex has a one year low of $41.70 and a one year high of $74.69.

Terex (NYSE:TEX) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.14. Terex had a net margin of 2.23% and a return on equity of 12.24%. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the business earned $1.49 earnings per share. The firm’s revenue for the quarter was up 50.5% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. Equities research analysts predict that Terex will post 4.88 EPS for the current year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 11th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. Terex’s dividend payout ratio (DPR) is presently 34.69%.

Institutional Trading of Terex

A number of institutional investors have recently modified their holdings of the business. Wellington Management Group LLP purchased a new position in shares of Terex in the third quarter valued at $121,724,000. Invesco Ltd. lifted its holdings in Terex by 801.3% during the 3rd quarter. Invesco Ltd. now owns 1,603,965 shares of the industrial products company’s stock worth $82,283,000 after purchasing an additional 1,425,996 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in Terex during the 4th quarter worth about $69,802,000. Arrowstreet Capital Limited Partnership boosted its stake in Terex by 11,448.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,238,924 shares of the industrial products company’s stock worth $73,220,000 after purchasing an additional 1,228,196 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Terex by 29.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,442,435 shares of the industrial products company’s stock valued at $262,527,000 after buying an additional 1,008,444 shares in the last quarter. 92.88% of the stock is currently 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.