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

Key Points

• Terex Corporation (NYSE:TEX) has an average rating of "Moderate Buy" from ten analysts, with a target price averaging $54.67.
• Insider Scott Posner sold 5,000 shares at $50.50, reducing his ownership by 6.64% while remaining a significant shareholder with over 70,000 shares.
• Terex recently reported earnings per share of $1.49 for the last quarter, exceeding expectations, and confirmed a dividend of $0.17 per share with an annual yield of 1.3%.

Shares of Terex Corporation (NYSE:TEX - Get Free Report) have earned an average recommendation of "Moderate Buy" from the ten analysts that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $54.6667.

TEX has been the topic of several analyst reports. 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 report on Tuesday, June 10th. Wall Street Zen upgraded shares of Terex from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. Citigroup increased their target price on shares of Terex from $55.00 to $58.00 and gave the stock a "neutral" rating in a report on Tuesday, September 23rd. Truist Financial set a $62.00 target price on shares of Terex in a report on Monday, August 4th. Finally, UBS Group increased their target price on shares of Terex from $48.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, July 10th.

Insiders Place Their Bets

In other Terex news, VP Scott Posner sold 5,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $50.50, for a total value of $252,500.00. Following the sale, the vice president directly owned 70,308 shares in the company, valued at approximately $3,550,554. This trade represents a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Terex

A number of hedge funds and other institutional investors have recently made changes to their positions in TEX. Norges Bank acquired a new stake in shares of Terex during the second quarter worth $24,870,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Terex by 44.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,027,830 shares of the industrial products company's stock worth $51,176,000 after acquiring an additional 315,331 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Terex by 68.0% during the second quarter. JPMorgan Chase & Co. now owns 704,844 shares of the industrial products company's stock worth $32,909,000 after acquiring an additional 285,186 shares during the period. Millennium Management LLC raised its holdings in shares of Terex by 1,086.3% during the first quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company's stock worth $9,674,000 after acquiring an additional 234,470 shares during the period. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in shares of Terex by 8.8% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,338,868 shares of the industrial products company's stock worth $88,362,000 after acquiring an additional 188,195 shares during the period. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Terex Price Performance

Shares of TEX stock opened at $52.26 on Friday. Terex has a 52-week low of $31.53 and a 52-week high of $58.66. The stock has a market cap of $3.43 billion, a PE ratio of 19.50, a PEG ratio of 5.21 and a beta of 1.66. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.11 and a current ratio of 2.08. The firm's 50 day moving average price is $51.12 and its two-hundred day moving average price is $45.83.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $1.46 billion. During the same period last year, the firm earned $2.16 earnings per share. The business's revenue for the quarter was up 7.6% on a year-over-year basis. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. As a group, 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 was paid on Friday, September 19th. Shareholders of record on Monday, August 11th were issued a $0.17 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.68 annualized dividend and a yield of 1.3%. Terex's dividend payout ratio (DPR) is 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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