Truist Financial Boosts Terex (NYSE:TEX) Price Target to $92.00

Terex (NYSE:TEX) had its target price lifted by research analysts at Truist Financial from $82.00 to $92.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Truist Financial’s target price points to a potential upside of 33.46% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Barclays initiated coverage on Terex in a research note on Tuesday, March 31st. They issued an “overweight” rating and a $65.00 target price on the stock. Wall Street Zen cut shares of Terex from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Evercore reiterated an “outperform” rating and issued a $81.00 price objective on shares of Terex in a report on Monday, May 11th. DA Davidson began coverage on shares of Terex in a research report on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 price objective on the stock. Finally, Citigroup upgraded shares of Terex from a “neutral” rating to a “buy” rating and increased their target price for the stock from $73.00 to $75.00 in a report on Monday, March 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Terex currently has an average rating of “Moderate Buy” and an average price target of $76.73.

Terex Price Performance

TEX stock opened at $68.93 on Thursday. The stock has a 50-day moving average price of $63.11 and a two-hundred day moving average price of $61.43. Terex has a 1 year low of $41.70 and a 1 year high of $74.69. The stock has a market cap of $7.87 billion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49. 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 issued its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.20. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.70 billion. Terex had a return on equity of 13.43% and a net margin of 1.87%.The company’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 earnings per share. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. Equities analysts forecast that Terex will post 4.84 EPS for the current fiscal year.

Insider Activity

In other news, insider Joshua Gross sold 5,874 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $61.53, for a total value of $361,427.22. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Terex

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in Terex by 29.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,442,435 shares of the industrial products company’s stock worth $262,527,000 after acquiring an additional 1,008,444 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Terex by 17.9% during the 4th quarter. Wellington Management Group LLP now owns 2,798,109 shares of the industrial products company’s stock worth $149,363,000 after purchasing an additional 425,322 shares during the last quarter. Morgan Stanley increased its stake in shares of Terex by 77.2% during the 4th quarter. Morgan Stanley now owns 1,669,042 shares of the industrial products company’s stock worth $89,094,000 after purchasing an additional 727,277 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Terex by 1.0% in the 4th quarter. Invesco Ltd. now owns 1,620,342 shares of the industrial products company’s stock valued at $86,494,000 after purchasing an additional 16,377 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Terex by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,616,942 shares of the industrial products company’s stock valued at $86,326,000 after purchasing an additional 6,707 shares during the period. 92.88% of the stock is currently owned by institutional investors and hedge funds.

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.