Terex (TEX) Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Terex in the last year. There are currently 8 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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11 Wall Street analysts have issued twelve-month target prices for Terex's stock. Their TEX share price forecasts range from $43.00 to $72.00. On average, they anticipate the company's share price to reach $55.45 in the next year. This suggests a possible upside of 16.3% 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 11.6% and is now trading at $47.69.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our TEX earnings forecast.

Terex Co. (NYSE:TEX) announced its quarterly earnings data on Monday, May, 1st. The industrial products company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.56. The industrial products company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.13 billion. Terex had a net margin of 7.76% and a trailing twelve-month return on equity of 31.41%. Terex's revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 EPS.

Terex announced a quarterly dividend on Thursday, May 18th. Stockholders of record on Tuesday, June 6th will be given a dividend of $0.15 per share on Tuesday, June 20th. This represents a $0.60 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Monday, June 5th.
Read our dividend analysis for TEX.

ETFs with the largest weight of Terex (NYSE:TEX) stock in their portfolio include Invesco Dynamic Building & Construction ETF (PKB), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Pacer US Export Leaders ETF (PEXL), iShares US Small Cap Value Factor ETF (SVAL), Invesco S&P MidCap Quality ETF (XMHQ), Principal U.S. Small-Cap Multi-Factor ETF (PSC), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and iShares U.S. Infrastructure ETF (IFRA).

Terex (NYSE:TEX) pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.25%. 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 11.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TEX will have a dividend payout ratio of 9.90% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TEX.

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

Terex updated its FY23 earnings guidance on Monday, May, 1st. The company provided earnings per share (EPS) guidance of $5.60-$6.00 for the period, compared to the consensus EPS estimate of $4.90. The company issued revenue guidance of $4.8-$5.0 billion, compared to the consensus revenue estimate of $4.74 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.05%), Dimensional Fund Advisors LP (4.49%), Pzena Investment Management LLC (4.45%), State Street Corp (3.44%), Fisher Asset Management LLC (3.18%) and FMR LLC (2.91%). Insiders that own company stock include Amy George, Andra Rush, David A Sachs, John D Sheehan, John L Garrison Jr, John L Garrison, Jr, Kevin A Barr, Kieran Hegarty, Matthew Fearon, 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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One share of TEX stock can currently be purchased for approximately $47.69.

Terex (NYSE:TEX) has a market capitalization of $3.23 billion and generates $4.42 billion in revenue each year. The industrial products company earns $300 million in net income (profit) each year or $5.25 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.