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

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Terex in the last twelve months. There are currently 9 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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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13 analysts have issued 12-month target prices for Terex's shares. 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 year. This suggests a possible upside of 19.7% from the stock's current price.
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Terex's stock was trading at $42.72 at the start of the year. Since then, TEX shares have increased by 21.1% and is now trading at $51.72.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
View our TEX earnings forecast.

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

Terex declared a quarterly dividend on Thursday, October 12th. Stockholders of record on Thursday, November 9th will be paid a dividend of $0.17 per share on Tuesday, December 19th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Wednesday, November 8th.
Read our dividend analysis for TEX.

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.

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 announced that its board has approved a stock repurchase program on Monday, December 19th 2022, which allows the company to buyback $150,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

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