Terex Corporation (TEX) to Issue Quarterly Dividend of $0.17 on March 19th

Terex Corporation (NYSE:TEX) declared a quarterly dividend on Friday, February 6th. Shareholders of record on Friday, March 6th will be given a dividend of 0.17 per share by the industrial products company on Thursday, March 19th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, March 6th.

Terex has raised its dividend by an average of 0.4%annually over the last three years and has raised its dividend every year for the last 5 years. Terex has a payout ratio of 12.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Terex to earn $5.78 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 11.8%.

Terex Trading Down 4.3%

Shares of TEX stock opened at $66.43 on Wednesday. Terex has a fifty-two week low of $31.53 and a fifty-two week high of $71.50. The company has a 50 day moving average price of $61.65 and a 200 day moving average price of $54.50. The stock has a market capitalization of $7.55 billion, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 1.41 and a beta of 1.62. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.36 and a current ratio of 2.30.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TEX shares. Robert W. Baird set a $100.00 price target on Terex in a report on Thursday, February 12th. Wall Street Zen downgraded Terex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 21st. Citigroup restated a “neutral” rating on shares of Terex in a research note on Thursday, February 12th. Truist Financial raised their target price on shares of Terex from $72.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Finally, Zacks Research cut shares of Terex from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Terex presently has a consensus rating of “Hold” and a consensus target price of $69.00.

Terex Company Profile

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.