Terex (NYSE:TEX) Given Hold (C) Rating at Weiss Ratings

Key Points

• Terex's stock has been given a "hold (c)" rating by Weiss Ratings, while other analysts have raised their price targets, with JPMorgan setting it at $50.00 and Citigroup at $58.00.
• The company reported quarterly earnings of $1.49 per share, exceeding analysts' estimates, and expects fiscal year 2025 EPS to be between 4.700-5.100.
• Insider activity includes the sale of 5,000 shares by VP Scott Posner, reducing their position in the company, which currently has 92.88% of its stock owned by institutional investors.

Terex (NYSE:TEX - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other research analysts have also commented on TEX. JPMorgan Chase & Co. raised their price target on shares of Terex from $43.00 to $50.00 and gave the company a "neutral" rating in a report on Tuesday, June 10th. Wall Street Zen raised shares of Terex from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. Citigroup lifted their target price on shares of Terex from $55.00 to $58.00 and gave the company a "neutral" rating in a report on Tuesday, September 23rd. UBS Group increased their price target on Terex from $48.00 to $52.00 and gave the company a "neutral" rating in a report on Thursday, July 10th. Finally, Truist Financial set a $62.00 price objective on Terex in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $54.67.

Terex Trading Up 2.8%

Shares of TEX stock traded up $1.50 on Wednesday, reaching $54.17. 671,430 shares of the stock were exchanged, compared to its average volume of 900,911. 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 stock has a market cap of $3.55 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 5.40 and a beta of 1.66. The firm has a 50 day moving average of $51.22 and a two-hundred day moving average of $46.16. Terex has a 1-year low of $31.53 and a 1-year high of $58.66.

Terex (NYSE:TEX - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. Terex had a return on equity of 15.95% and a net margin of 3.46%.The firm's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.16 earnings per share. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. On average, research analysts anticipate that Terex will post 4.83 EPS for the current year.

Insider Activity

In other news, VP Scott Posner sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $50.50, for a total transaction of $252,500.00. Following the completion of the transaction, the vice president directly owned 70,308 shares in the company, valued at approximately $3,550,554. This represents a 6.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Terex

Several hedge funds and other institutional investors have recently modified their holdings of TEX. UMB Bank n.a. raised its stake in shares of Terex by 83.0% in the 1st quarter. UMB Bank n.a. now owns 732 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 332 shares in the last quarter. Rise Advisors LLC increased its holdings in Terex by 65.3% in the second 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 last quarter. EverSource Wealth Advisors LLC raised its stake in Terex by 167.0% during the second 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 in the last quarter. Private Trust Co. NA raised 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 valued at $29,000 after buying an additional 434 shares in the last quarter. Finally, Strs Ohio bought a new position in Terex during the 1st quarter worth approximately $30,000. Institutional investors own 92.88% of the company's stock.

About Terex

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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