Terex (NYSE:TEX) Stock Dropped to Hold by Wall Street Zen

Key Points

• Wall Street Zen downgraded Terex from “buy” to “hold,” although the broader analyst consensus remains “Moderate Buy” with a $77 target price.
• Terex reported quarterly EPS of $1.37, beating estimates of $1.23, while revenue reached $2.24 billion and increased 50.5% year over year.
• Terex shares opened at $50.63, below their 50-day and 200-day moving averages, while institutional investors own 92.88% of the stock.

Terex (NYSE:TEX - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday, Wall Street Zen reports.

TEX has been the topic of a number of other research reports. Barclays boosted their price objective on Terex from $65.00 to $70.00 and gave the stock an "overweight" rating in a research note on Monday, July 20th. DA Davidson started coverage on Terex in a report on Wednesday, June 24th. They set a "strong-buy" rating and a $81.00 target price on the stock. Citigroup boosted their price target on Terex from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Morgan Stanley restated an "overweight" rating and issued a $86.00 price target on shares of Terex in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Terex from $68.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Terex currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.00.

Terex Stock Performance

Shares of TEX stock opened at $50.63 on Friday. The company's fifty day simple moving average is $61.29 and its 200-day simple moving average is $62.52. Terex has a 52 week low of $41.70 and a 52 week high of $74.69. The company has a current ratio of 1.82, a quick ratio of 0.93 and a debt-to-equity ratio of 0.54. The company has a market cap of $5.79 billion, a PE ratio of 25.83, a P/E/G ratio of 0.80 and a beta of 1.47.

Terex (NYSE:TEX - Get Free Report) last posted its 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 business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the business posted $1.49 EPS. The business's quarterly revenue was up 50.5% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. As a group, equities research analysts anticipate that Terex will post 4.97 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. GAMMA Investing LLC grew its position in shares of Terex by 7.6% in the second quarter. GAMMA Investing LLC now owns 2,290 shares of the industrial products company's stock valued at $166,000 after purchasing an additional 161 shares during the last quarter. QRG Capital Management Inc. raised its holdings in shares of Terex by 2.7% in the second quarter. QRG Capital Management Inc. now owns 7,847 shares of the industrial products company's stock valued at $568,000 after buying an additional 208 shares during the last quarter. Arizona State Retirement System increased its position in Terex by 0.7% in the second quarter. Arizona State Retirement System now owns 31,373 shares of the industrial products company's stock worth $2,271,000 after purchasing an additional 210 shares during the period. Kestra Advisory Services LLC increased its holdings in Terex by 4.0% in the first quarter. Kestra Advisory Services LLC now owns 7,369 shares of the industrial products company's stock valued at $436,000 after purchasing an additional 286 shares during the last quarter. Finally, Optiver Holding B.V. grew its holdings in shares of Terex by 67.5% in the 1st quarter. Optiver Holding B.V. now owns 782 shares of the industrial products company's stock valued at $46,000 after buying an additional 315 shares during the period. 92.88% of the stock is currently owned by institutional investors.

About Terex

Terex Corporation is a global manufacturer of equipment used in construction, infrastructure development, utilities, recycling, and materials processing. The company designs, manufactures and supports machinery that helps customers lift, move, process and manage materials in a range of industrial and commercial applications.

Terex operates primarily through its Materials Processing and Aerial Work Platforms segments. Its product portfolio includes crushing and screening equipment, conveyors, washing and recycling systems, material handlers, rough-terrain and telescopic handlers, aerial work platforms, utility equipment and related aftermarket parts and services.

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