Terex (TEX) Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Terex in the last twelve months. There are currently 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research 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.
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12 equities research analysts have issued 12 month target prices for Terex's stock. Their TEX share price forecasts range from $53.00 to $80.00. On average, they predict the company's share price to reach $61.58 in the next twelve months. This suggests a possible upside of 5.6% from the stock's current price.
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Terex's stock was trading at $42.72 at the beginning of the year. Since then, TEX shares have increased by 36.5% and is now trading at $58.32.
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Terex saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 2,700,000 shares, a decrease of 26.8% from the August 15th total of 3,690,000 shares. Based on an average daily trading volume, of 789,300 shares, the short-interest ratio is currently 3.4 days. Approximately 4.1% of the shares of the company are sold short.
View Terex's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our TEX earnings forecast.

Terex Co. (NYSE:TEX) posted its quarterly earnings data on Tuesday, August, 1st. The industrial products company reported $2.35 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.69. The industrial products company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.27 billion. Terex had a net margin of 8.96% and a trailing twelve-month return on equity of 35.91%. The firm's revenue was up 30.3% compared to the same quarter last year. During the same period last year, the business earned $1.07 earnings per share.

Terex announced a quarterly dividend on Tuesday, July 11th. Stockholders of record on Monday, August 14th will be paid a dividend of $0.17 per share on Tuesday, September 19th. This represents a $0.68 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, August 11th. This is an increase from the stock's previous quarterly dividend of $0.15.
Read our dividend analysis for TEX.

ETFs with the largest weight of Terex (NYSE:TEX) stock in their portfolio include Tema American Reshoring ETF (RSHO), Invesco Building & Construction ETF (PKB), Innovator IBD Breakout Opportunities ETF (BOUT), Alpha Architect U.S. Quantitative Value ETF (QVAL), Invesco Dorsey Wright Industrials Momentum ETF (PRN), Innovator IBD 50 ETF (FFTY), First Trust Mid Cap Growth AlphaDEX Fund (FNY) and iShares US Small Cap Value Factor ETF (SVAL).

Terex (NYSE:TEX) pays an annual dividend of $0.68 per share and currently has a dividend yield of 1.16%. 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 10.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TEX will have a dividend payout ratio of 9.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TEX.

Terex declared that its Board of Directors has authorized a stock repurchase plan on Monday, December 19th 2022, which allows the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board believes its shares are undervalued.

Terex updated its FY 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share guidance of $7.00-$7.00 for the period, compared to the consensus earnings per share estimate of $6.02. The company issued revenue guidance of $5.10 billion-$5.10 billion, compared to the consensus revenue estimate of $4.94 billion.

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.

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).

Terex trades on the New York Stock Exchange (NYSE) under the ticker symbol "TEX."

Terex's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.43%), Dimensional Fund Advisors LP (4.35%), State Street Corp (3.47%), Pzena Investment Management LLC (3.24%), Fisher Asset Management LLC (3.18%) and Geode Capital Management LLC (2.00%). Insiders that own company stock include Amy George, Andra Rush, David A Sachs, John D Sheehan, John L Garrison Jr, John L Garrison, Jr, Kieran Hegarty, Matthew Fearon, Paula H Cholmondeley, Scott Posner, Simon Meester and Stephen Johnston.
View institutional ownership trends.

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.
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One share of TEX stock can currently be purchased for approximately $58.32.

Terex (NYSE:TEX) has a market capitalization of $3.93 billion and generates $4.98 billion in revenue each year. The industrial products company earns $300 million in net income (profit) each year or $6.52 on an earnings per share basis.

The company employs 9,300 workers across the globe.

Terex's mailing address is 200 NYALA FARM ROAD, WESTPORT CT, 06880. The official website for the company is www.terex.com. The industrial products company can be reached via phone at (203) 222-7170, via email at randy.wilson@terex.com, or via fax at 203-222-7976.