Terex Corporation (NYSE:TEX) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Terex has a “Moderate Buy” consensus among 12 analysts, with five buy ratings, two strong-buy ratings and five holds; the average 12-month price target is $78.91.
• Terex exceeded quarterly expectations, reporting $1.37 EPS versus the $1.23 estimate and revenue of $2.24 billion, up 50.5% year over year.
• Institutional investors own 92.88% of Terex, while the company declared a quarterly dividend of $0.17 per share, representing a 1.0% yield and a 34.69% payout ratio.

Terex Corporation (NYSE:TEX - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twelve analysts that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $78.9091.

A number of brokerages have recently weighed in on TEX. Raymond James Financial upgraded Terex from an "outperform" rating to a "strong-buy" rating and set a $85.00 price objective on the stock in a research report on Monday, May 11th. Weiss Ratings restated a "hold (c)" rating on shares of Terex in a report on Friday, July 17th. Evercore reaffirmed an "outperform" rating and issued a $81.00 price target on shares of Terex in a research note on Monday, May 11th. Truist Financial lifted their price target on shares of Terex from $92.00 to $96.00 and gave the company a "buy" rating in a report on Friday, July 31st. Finally, Barclays boosted their price objective on shares of Terex from $65.00 to $70.00 and gave the company an "overweight" rating in a research report on Monday, July 20th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Terex by 7.6% during the 2nd 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. UMB Bank n.a. raised its holdings in Terex by 15.0% during the 4th quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company's stock valued at $77,000 after buying an additional 189 shares during the period. M&T Bank Corp lifted its position in Terex by 3.1% in the second quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company's stock worth $350,000 after buying an additional 225 shares during the last quarter. Kestra Advisory Services LLC lifted its position 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 worth $436,000 after buying an additional 286 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in Terex by 0.5% during the second quarter. California State Teachers Retirement System now owns 61,731 shares of the industrial products company's stock worth $2,882,000 after buying an additional 287 shares during the period. Institutional investors own 92.88% of the company's stock.

Terex Stock Performance

NYSE:TEX opened at $66.33 on Monday. The firm has a market cap of $7.58 billion, a PE ratio of 33.84, a price-to-earnings-growth ratio of 1.01 and a beta of 1.51. Terex has a fifty-two week low of $41.70 and a fifty-two week high of $74.69. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.93 and a current ratio of 1.82. The business has a 50 day moving average price of $66.94 and a 200-day moving average price of $63.84.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.14. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.14 billion. Terex had a net margin of 2.23% and a return on equity of 12.24%. The company's revenue was up 50.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.49 EPS. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. Equities research analysts predict that Terex will post 4.99 earnings per share for the current year.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 11th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, August 11th. Terex's payout ratio is presently 34.69%.

Terex Company Profile

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.

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