Terex (NYSE:TEX) Earns "Hold (C)" Rating from Weiss Ratings

Key Points

• Terex's stock received a "hold (C)" rating from Weiss Ratings, with the current average rating being a "Moderate Buy" and a consensus price target of $54.67.
• Shares of Terex opened at $56.36, having a twelve month low of $31.53 and a high of $58.66, while its market cap stands at $3.70 billion.
• The company reported $1.49 EPS for the last quarter, surpassing analysts' expectations, with revenue growth of 7.6% compared to the same quarter last year.

Terex (NYSE:TEX - Get Free Report)'s stock had its "hold (c)" rating reissued by stock analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

A number of other research firms have also commented on TEX. Citigroup lifted their price target on shares of Terex from $55.00 to $58.00 and gave the company a "neutral" rating in a research report on Tuesday, September 23rd. Truist Financial set a $62.00 price target on shares of Terex in a research report on Monday, August 4th. UBS Group lifted their price target on shares of Terex from $48.00 to $52.00 and gave the company a "neutral" rating in a research report on Thursday, July 10th. Finally, Wall Street Zen raised shares of Terex from a "hold" rating to a "buy" rating in a research report on Sunday, October 19th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, Terex presently has an average rating of "Moderate Buy" and a consensus price target of $54.67.

Terex Price Performance

Shares of TEX opened at $56.36 on Friday. Terex has a twelve month low of $31.53 and a twelve month high of $58.66. The firm has a market cap of $3.70 billion, a PE ratio of 21.03, a PEG ratio of 5.75 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 $52.33 and its 200 day moving average price is $47.58.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.49 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 company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the firm posted $2.16 earnings per share. The company's quarterly 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. As a group, research analysts expect that Terex will post 4.83 EPS for the current fiscal year.

Insider Transactions at Terex

In other Terex news, VP Scott Posner sold 5,000 shares of the firm's 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 $3,550,554. This trade represents a 6.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Terex

Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its holdings in Terex by 167.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company's stock valued at $28,000 after buying an additional 369 shares during the period. Rise Advisors LLC increased its holdings in Terex by 65.3% in the 2nd quarter. Rise Advisors LLC now owns 610 shares of the industrial products company's stock valued at $28,000 after buying an additional 241 shares during the period. Hantz Financial Services Inc. increased its holdings in Terex by 6,800.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 690 shares of the industrial products company's stock valued at $32,000 after buying an additional 680 shares during the period. Bessemer Group Inc. increased its holdings in Terex by 56.4% in the 2nd quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company's stock valued at $34,000 after buying an additional 259 shares during the period. Finally, Private Trust Co. NA increased its holdings in Terex by 128.0% in the 1st quarter. Private Trust Co. NA now owns 773 shares of the industrial products company's stock valued at $29,000 after buying an additional 434 shares during the period. Institutional investors own 92.88% of the company's stock.

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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