Terex (NYSE:TEX) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Terex from “buy” to “hold”, even as other analysts remain more constructive overall.
• Terex reported better-than-expected first-quarter results, with EPS of $0.98 versus $0.78 expected and revenue of $1.73 billion versus $1.70 billion estimated; revenue also rose 41.1% year over year.
• Shares were up 1.1% to $63.53, and the stock has drawn mixed analyst views with a consensus rating of “Moderate Buy” and a consensus target price of $70.82.

Terex (NYSE:TEX - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Other research analysts have also recently issued research reports about the stock. Citigroup raised Terex from a "neutral" rating to a "buy" rating and raised their target price for the stock from $73.00 to $75.00 in a report on Monday, March 9th. Weiss Ratings reissued a "hold (c)" rating on shares of Terex in a report on Monday, April 20th. Morgan Stanley reiterated an "overweight" rating and issued a $84.00 target price on shares of Terex in a research note on Wednesday. Zacks Research upgraded shares of Terex from a "strong sell" rating to a "hold" rating in a research report on Monday, April 13th. Finally, Barclays began coverage on shares of Terex in a report on Tuesday, March 31st. They issued an "overweight" rating and a $65.00 price objective for the company. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.82.

Terex Trading Up 1.1%

Shares of NYSE:TEX opened at $63.53 on Friday. Terex has a 1 year low of $40.83 and a 1 year high of $71.50. The firm has a market capitalization of $7.26 billion, a P/E ratio of 30.40, a P/E/G ratio of 0.99 and a beta of 1.57. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.84 and a quick ratio of 1.36. The business's 50-day moving average is $61.67 and its 200 day moving average is $57.33.

Terex (NYSE:TEX - Get Free Report) last issued its earnings results on Friday, May 1st. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.20. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.70 billion. Terex had a return on equity of 13.43% and a net margin of 1.87%.The firm's quarterly revenue was up 41.1% on a year-over-year basis. During the same quarter last year, the business posted $0.83 EPS. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, research analysts predict that Terex will post 4.82 earnings per share for the current fiscal year.

Insider Buying and Selling at Terex

In related news, insider Joshua Gross sold 5,874 shares of the company's stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $61.53, for a total value of $361,427.22. Following the completion of the sale, the insider owned 48,706 shares of the company's stock, valued at approximately $2,996,880.18. This represents a 10.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Kieran Hegarty sold 11,980 shares of the firm's stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $69.24, for a total transaction of $829,495.20. Following the sale, the insider owned 173,495 shares of the company's stock, valued at approximately $12,012,793.80. The trade was a 6.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. UMB Bank n.a. increased its position in shares of Terex by 15.0% during the fourth quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company's stock valued at $77,000 after acquiring an additional 189 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of Terex by 3.1% in the 2nd quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company's stock worth $350,000 after acquiring an additional 225 shares during the last quarter. Perigon Wealth Management LLC boosted its position in shares of Terex by 2.5% during the 4th quarter. Perigon Wealth Management LLC now owns 9,246 shares of the industrial products company's stock worth $494,000 after purchasing an additional 228 shares during the period. Waterfront Wealth Inc. boosted its position in shares of Terex by 0.7% during the 3rd quarter. Waterfront Wealth Inc. now owns 39,694 shares of the industrial products company's stock worth $2,106,000 after purchasing an additional 260 shares during the period. Finally, Drum Hill Capital LLC increased its holdings in Terex by 0.6% in the 4th quarter. Drum Hill Capital LLC now owns 48,067 shares of the industrial products company's stock valued at $2,566,000 after purchasing an additional 278 shares during the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

About Terex

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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