Terex (NYSE:TEX) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of Terex (NYSE:TEX) from a strong-buy rating to a buy rating in a research note published on Sunday morning.

Several other research analysts have also recently weighed in on the stock. UBS Group cut their price target on shares of Terex from $52.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Morgan Stanley raised shares of Terex from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $47.00 to $60.00 in a research report on Wednesday, December 10th. Raymond James Financial upgraded Terex from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research note on Monday, October 27th. Citigroup reduced their target price on Terex from $58.00 to $52.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Finally, Wells Fargo & Company initiated coverage on Terex in a report on Thursday, November 13th. They set an “equal weight” rating and a $50.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Terex presently has an average rating of “Moderate Buy” and a consensus price target of $57.73.

Terex Trading Up 0.2%

Shares of Terex stock opened at $54.82 on Friday. The company has a market capitalization of $3.60 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 5.47 and a beta of 1.70. The stock has a fifty day simple moving average of $49.56 and a 200 day simple moving average of $50.07. Terex has a 12-month low of $31.53 and a 12-month high of $58.66. The company has a current ratio of 2.15, a quick ratio of 1.20 and a debt-to-equity ratio of 1.28.

Terex (NYSE:TEX) last issued its quarterly earnings data on Thursday, October 30th. The industrial products company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.28. Terex had a return on equity of 15.93% and a net margin of 2.92%.The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the business earned $1.46 EPS. The business’s revenue was up 14.4% on a year-over-year basis. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. On average, sell-side analysts anticipate that Terex will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Monday, November 10th were paid a $0.17 dividend. The ex-dividend date was Monday, November 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.2%. Terex’s payout ratio is presently 28.94%.

Insider Activity at Terex

In other news, Director Andra Rush purchased 2,120 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was bought at an average price of $46.59 per share, for a total transaction of $98,770.80. Following the purchase, the director owned 25,428 shares of the company’s stock, valued at $1,184,690.52. The trade was a 9.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Terex

Several institutional investors have recently added to or reduced their stakes in TEX. Smartleaf Asset Management LLC boosted its position in Terex by 565.8% during the third quarter. Smartleaf Asset Management LLC now owns 486 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 413 shares during the period. Rise Advisors LLC lifted its stake in shares of Terex by 65.3% during the 2nd quarter. Rise Advisors LLC now owns 610 shares of the industrial products company’s stock valued at $28,000 after buying an additional 241 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Terex by 167.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after buying an additional 369 shares during the period. Strs Ohio purchased a new position in Terex in the 1st quarter valued at approximately $30,000. Finally, Hantz Financial Services Inc. grew its stake in Terex by 6,800.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 690 shares of the industrial products company’s stock valued at $32,000 after buying an additional 680 shares in the last quarter. 92.88% of the stock is 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.