Terex (NYSE:TEX) Rating Lowered to Strong Sell at Zacks Research

Terex (NYSE:TEX) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other research analysts have also weighed in on the company. Raymond James Financial raised Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a report on Monday, October 27th. Robert W. Baird set a $100.00 price target on shares of Terex in a report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research note on Wednesday, January 21st. UBS Group lowered their target price on shares of Terex from $52.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Terex in a report on Thursday, February 12th. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $69.00.

Terex Stock Down 0.6%

Shares of Terex stock opened at $69.10 on Tuesday. Terex has a one year low of $31.53 and a one year high of $71.50. The company has a market cap of $4.53 billion, a P/E ratio of 20.75, a PEG ratio of 1.41 and a beta of 1.68. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.20 and a current ratio of 2.30. The firm has a fifty day moving average of $58.92 and a two-hundred day moving average of $53.30.

Terex (NYSE:TEX) last posted its quarterly earnings results on Wednesday, February 11th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.12. Terex had a net margin of 4.08% and a return on equity of 16.51%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the company posted $0.77 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. On average, analysts forecast that Terex will post 4.83 earnings per share for the current year.

Insider Buying and Selling at Terex

In other news, insider Kieran Hegarty sold 11,980 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $69.24, for a total value of $829,495.20. Following the completion of the transaction, the insider directly owned 173,495 shares of the company’s stock, valued at $12,012,793.80. The trade was a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TEX. Dimensional Fund Advisors LP increased its holdings in shares of Terex by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,433,991 shares of the industrial products company’s stock worth $183,308,000 after buying an additional 76,028 shares during the last quarter. Wellington Management Group LLP increased its stake in Terex by 17.9% during the fourth quarter. Wellington Management Group LLP now owns 2,798,109 shares of the industrial products company’s stock worth $149,363,000 after acquiring an additional 425,322 shares during the last quarter. Morgan Stanley raised its holdings in shares of Terex by 77.2% in the 4th quarter. Morgan Stanley now owns 1,669,042 shares of the industrial products company’s stock worth $89,094,000 after purchasing an additional 727,277 shares during the period. Geode Capital Management LLC lifted its stake in shares of Terex by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,616,942 shares of the industrial products company’s stock valued at $86,326,000 after purchasing an additional 6,707 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Terex by 801.3% during the 3rd quarter. Invesco Ltd. now owns 1,603,965 shares of the industrial products company’s stock worth $82,283,000 after purchasing an additional 1,425,996 shares during the period. Institutional investors and hedge funds own 92.88% of the company’s stock.

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.