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Terex Stock Price, News & Analysis (NYSE:TEX)

$51.41
+0.26 (+0.51%)
(As of 12/8/2023 ET)
Compare
Today's Range
$50.81
$51.92
50-Day Range
$43.84
$57.59
52-Week Range
$40.50
$65.64
Volume
666,802 shs
Average Volume
891,612 shs
Market Capitalization
$3.46 billion
P/E Ratio
7.27
Dividend Yield
1.32%
Price Target
$61.92

Terex MarketRank™ Stock Analysis

Analyst Rating
Hold
2.31 Rating Score
Upside/​Downside
20.4% Upside
$61.92 Price Target
Short Interest
Healthy
4.64% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.62
Upright™ Environmental Score
News Sentiment
1.68mentions of Terex in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$437,344 Bought Last Quarter
Proj. Earnings Growth
2.12%
From $7.09 to $7.24 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.89 out of 5 stars

Industrial Products Sector

15th out of 138 stocks

Industrial Trucks & Tractors Industry

1st out of 1 stocks


TEX stock logo

About Terex Stock (NYSE:TEX)

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Aerial Work Platforms (AWP) and Materials Processing (MP). The AWP segment designs, manufactures, services, and markets aerial work platform equipment, utility equipment, and telehandlers under the Terex and Genie brands. Its products comprise portable material lifts, portable aerial work platforms, trailer-mounted articulating booms, self-propelled articulating and telescopic booms, and scissor lifts, as well as related components and replacement parts for construction and maintenance of industrial, commercial, institutional, and residential buildings and facilities, utility and telecommunication lines, construction and foundation drilling applications, and other commercial operations, as well as in tree trimming and various infrastructure projects. The MP segment's 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 brand names and business lines. Its products are used in construction, infrastructure, and recycling projects; quarrying and mining, and material handling applications; maintenance applications to lift equipment or material; and landscaping and biomass production industries. The company offers financing solutions to assist customers in the rental, leasing, and acquisition of its products.Terex Corporation is based in Norwalk, Connecticut.

TEX Stock Price History

TEX Stock News Headlines

Recent Reports Are A Wake-Up Call For Investors
As the demand for lithium, an essential element to the energy revolution, increases globally, researchers are projecting a supply deficit as early as 2025. This has sparked a worldwide "gold rush" to find and develop new sources of this critical metal. Savvy investors are paying attention as mining companies race to meet this critical deadline.
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Terex Corp. Q3 Income Climbs, Beats estimates
Terex Releases its 2023 Sustainability Report
Why Terex Stock Crashed 10% This Morning
Terex Raises FY23 Earnings Outlook
Terex CEO & Chairman John Garrison To Retire
Terex Announces Leadership Succession Plan
Terex declares $0.17 dividend
See More Headlines
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Company Calendar

Ex-Dividend for 9/19 Dividend
8/11/2023
Dividend Payable
9/19/2023
Last Earnings
10/27/2023
Ex-Dividend for 12/19 Dividend
11/08/2023
Today
12/08/2023
Dividend Payable
12/19/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/08/2024

Industry, Sector and Symbol

Industry
Industrial trucks & tractors
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
CUSIP
88077910
Employees
9,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$61.92
High Stock Price Target
$80.00
Low Stock Price Target
$52.00
Potential Upside/Downside
+20.4%
Consensus Rating
Hold
Rating Score (0-4)
2.31
Research Coverage
13 Analysts

Profitability

Net Income
$300 million
Pretax Margin
11.27%

Debt

Sales & Book Value

Annual Sales
$5.15 billion
Cash Flow
$5.13 per share
Book Value
$17.50 per share

Miscellaneous

Free Float
65,685,000
Market Cap
$3.46 billion
Optionable
Optionable
Beta
1.65
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TEX Stock Analysis - Frequently Asked Questions

Should I buy or sell Terex stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Terex in the last year. There are currently 9 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" TEX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TEX, but not buy additional shares or sell existing shares.
View TEX analyst ratings
or view top-rated stocks.

What is Terex's stock price target for 2024?

13 Wall Street research analysts have issued 1-year price targets for Terex's stock. Their TEX share price targets range from $52.00 to $80.00. On average, they predict the company's stock price to reach $61.92 in the next twelve months. This suggests a possible upside of 20.4% from the stock's current price.
View analysts price targets for TEX
or view top-rated stocks among Wall Street analysts.

How have TEX shares performed in 2023?

Terex's stock was trading at $42.72 at the beginning of 2023. Since then, TEX shares have increased by 20.3% and is now trading at $51.41.
View the best growth stocks for 2023 here
.

When is Terex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
View our TEX earnings forecast
.

How were Terex's earnings last quarter?

Terex Co. (NYSE:TEX) announced its earnings results on Friday, October, 27th. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.08. The industrial products company earned $1.29 billion during the quarter, compared to analysts' expectations of $1.26 billion. Terex had a trailing twelve-month return on equity of 35.61% and a net margin of 9.39%. The firm's quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.20 earnings per share.

How often does Terex pay dividends? What is the dividend yield for Terex?

Terex announced a quarterly dividend on Thursday, October 12th. Shareholders of record on Thursday, November 9th will be given a dividend of $0.17 per share on Tuesday, December 19th. This represents a $0.68 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Wednesday, November 8th.
Read our dividend analysis for TEX
.

Is Terex a good dividend stock?

Terex (NYSE:TEX) pays an annual dividend of $0.68 per share and currently has a dividend yield of 1.32%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 9.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TEX will have a dividend payout ratio of 9.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TEX.

How will Terex's stock buyback program work?

Terex declared that its Board of Directors has initiated a stock repurchase program on Monday, December 19th 2022, which authorizes the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

What guidance has Terex issued on next quarter's earnings?

Terex issued an update on its FY23 earnings guidance on Thursday, October, 26th. The company provided EPS guidance of approx $7.05 for the period, compared to the consensus earnings per share estimate of $7.15. The company issued revenue guidance of approx $5.15 billion, compared to the consensus revenue estimate of $5.13 billion.

What is John L. Garrison, Jr's approval rating as Terex's CEO?

99 employees have rated Terex Chief Executive Officer John L. Garrison, Jr on Glassdoor.com. John L. Garrison, Jr has an approval rating of 76% among the company's employees.

What other stocks do shareholders of Terex own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Terex investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Charles Schwab (SCHW), Micron Technology (MU), Accenture (ACN), Zoetis (ZTS) and AutoZone (AZO).

Who are Terex's major shareholders?

Terex's stock is owned by a variety of retail and institutional investors. Top institutional investors include FMR LLC (4.00%), Invesco Ltd. (2.31%), Fuller & Thaler Asset Management Inc. (2.10%), AQR Capital Management LLC (1.69%), Charles Schwab Investment Management Inc. (1.31%) and Northern Trust Corp (1.28%). Insiders that own company stock include Amy George, Andra Rush, David A Sachs, David A Sachs, John D Sheehan, John L Garrison Jr, John L Garrison, Jr, Julie A Beck, Kieran Hegarty, Paula H Cholmondeley, Scott Posner, Simon Meester and Stephen Johnston.
View institutional ownership trends
.

How do I buy shares of Terex?

Shares of TEX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:TEX) was last updated on 12/8/2023 by MarketBeat.com Staff

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