Terex Corporation (NYSE:TEX) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Terex Corporation has received a consensus rating of "Moderate Buy" from analysts, with an average target price of $52.22 per share.
• Recent upgrades from analysts include Robert W. Baird raising the target price from $48.00 to $66.00 and Goldman Sachs raising it from $45.00 to $60.00.
• The company reported $1.49 earnings per share (EPS) for the last quarter, exceeding analyst expectations, with revenue increasing by 7.6% year-over-year.

Terex Corporation (NYSE:TEX - Get Free Report) has earned a consensus rating of "Moderate Buy" from the ten analysts that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $52.2222.

A number of research analysts have issued reports on the stock. Robert W. Baird upgraded shares of Terex from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $48.00 to $66.00 in a research report on Tuesday, May 13th. The Goldman Sachs Group upgraded shares of Terex from a "neutral" rating to a "buy" rating and increased their target price for the stock from $45.00 to $60.00 in a research report on Tuesday, May 27th. Truist Financial set a $62.00 target price on shares of Terex in a research report on Monday, August 4th. JPMorgan Chase & Co. increased their target price on shares of Terex from $43.00 to $50.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 10th. Finally, Wall Street Zen upgraded shares of Terex from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd.

Insider Buying and Selling

In other Terex news, VP Scott Posner sold 5,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $50.50, for a total value of $252,500.00. Following the transaction, the vice president directly owned 70,308 shares of the company's stock, valued at $3,550,554. This trade represents a 6.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Terex

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp lifted its stake in Terex by 88.1% during the first quarter. Fifth Third Bancorp now owns 905 shares of the industrial products company's stock worth $34,000 after purchasing an additional 424 shares during the last quarter. Private Trust Co. NA lifted its stake in Terex by 128.0% during the first quarter. Private Trust Co. NA now owns 773 shares of the industrial products company's stock worth $29,000 after purchasing an additional 434 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Terex by 1.6% during the first quarter. Principal Financial Group Inc. now owns 227,876 shares of the industrial products company's stock worth $8,609,000 after purchasing an additional 3,525 shares during the last quarter. GAMMA Investing LLC lifted its stake in Terex by 65.3% during the first quarter. GAMMA Investing LLC now owns 1,309 shares of the industrial products company's stock worth $49,000 after purchasing an additional 517 shares during the last quarter. Finally, State of Wyoming bought a new stake in Terex during the fourth quarter worth $141,000. 92.88% of the stock is currently owned by institutional investors.

Terex Price Performance

Shares of Terex stock opened at $52.90 on Monday. Terex has a twelve month low of $31.53 and a twelve month high of $58.66. The company has a quick ratio of 1.11, a current ratio of 2.08 and a debt-to-equity ratio of 1.31. The company has a 50-day simple moving average of $50.38 and a two-hundred day simple moving average of $44.35. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 5.34 and a beta of 1.65.

Terex (NYSE:TEX - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.05. Terex had a net margin of 3.46% and a return on equity of 15.95%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the business posted $2.16 EPS. The business's revenue was up 7.6% compared to the same quarter last year. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. Analysts forecast that Terex will post 4.83 EPS for the current year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 11th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 11th. Terex's dividend payout ratio (DPR) is currently 25.37%.

Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.

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