Terex Corporation (NYSE:TEX) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts rate Terex “Moderate Buy”: Five analysts recommend buying, two strongly recommend buying, and five rate the stock a hold. The average 12-month price target is $78.91, versus a recent share price of $57.95.
• Terex exceeded quarterly expectations: The company reported adjusted earnings of $1.37 per share, beating estimates of $1.23, while revenue reached $2.24 billion and increased 50.5% year over year.
• Institutional ownership remains high: Institutional investors and hedge funds own 92.88% of Terex, with several firms recently initiating or expanding positions. The company also declared a quarterly dividend of $0.17 per share, representing a 1.2% yield.

Shares of Terex Corporation (NYSE:TEX - Get Free Report) have been assigned an average rating of "Moderate Buy" from the twelve brokerages that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $78.9091.

TEX has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of Terex from $80.00 to $68.00 and set a "neutral" rating for the company in a research report on Friday, July 31st. Barclays boosted their target price on shares of Terex from $65.00 to $70.00 and gave the stock an "overweight" rating in a research report on Monday, July 20th. Wall Street Zen raised shares of Terex from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. DA Davidson initiated coverage on shares of Terex in a report on Wednesday, June 24th. They set a "strong-buy" rating and a $81.00 price target for the company. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Terex in a research note on Friday, July 17th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Ancora Advisors LLC purchased a new position in Terex in the second quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Terex during the 2nd quarter worth approximately $35,000. Essential Partners LLC raised its position in shares of Terex by 171.2% in the 1st quarter. Essential Partners LLC now owns 564 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 356 shares in the last quarter. Allworth Financial LP acquired a new position in shares of Terex in the 2nd quarter valued at approximately $51,000. Finally, Quantbot Technologies LP acquired a new position in shares of Terex in the 2nd quarter valued at approximately $53,000. Institutional investors and hedge funds own 92.88% of the company's stock.

Terex Price Performance

Shares of NYSE TEX opened at $57.95 on Friday. Terex has a 1-year low of $41.70 and a 1-year high of $74.69. The business has a 50-day moving average of $64.54 and a 200-day moving average of $63.23. 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 company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 0.89 and a beta of 1.50.

Terex (NYSE:TEX - Get Free Report) last announced its earnings results on Thursday, July 30th. The industrial products company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.23 by $0.14. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.14 billion. Terex had a return on equity of 12.24% and a net margin of 2.23%.The company's revenue was up 50.5% on a year-over-year basis. During the same period last year, the business posted $1.49 EPS. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. On average, equities analysts anticipate that Terex will post 5 EPS for the current fiscal 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 dividend of $0.17 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.2%. Terex's dividend payout ratio (DPR) is currently 34.69%.

Terex Company Profile

Terex Corporation NYSE: TEX is a global manufacturer of equipment used in construction, infrastructure development, utilities, quarrying, mining, recycling and other industrial applications. The company operates through two principal business segments: Aerial Work Platforms and Materials Processing.

Through its Genie brand, Terex produces aerial work platforms and related equipment, including boom lifts, scissor lifts, telehandlers and vertical mast lifts. Its Materials Processing segment supplies machinery used to crush, screen, wash, convey and process materials, along with equipment for recycling, wood processing and environmental applications.

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