Raymond James Financial Upgrades Terex (NYSE:TEX) to Strong-Buy

Terex (NYSE:TEX) was upgraded by equities research analysts at Raymond James Financial from an “outperform” rating to a “strong-buy” rating in a research note issued on Monday, Marketbeat reports. The brokerage currently has a $85.00 target price on the industrial products company’s stock. Raymond James Financial’s target price would suggest a potential upside of 33.79% from the stock’s previous close.

TEX has been the topic of several other reports. Robert W. Baird set a $100.00 target price on Terex in a report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a report on Monday, April 20th. Zacks Research upgraded Terex from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Truist Financial raised their target price on Terex from $72.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Finally, Citigroup upgraded Terex from a “neutral” rating to a “buy” rating and raised their price objective for the company from $73.00 to $75.00 in a research note on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $72.18.

Terex Stock Performance

Shares of NYSE:TEX opened at $63.53 on Monday. The company has a market cap of $7.26 billion, a P/E ratio of 30.40, a PEG ratio of 0.99 and a beta of 1.57. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.84. Terex has a one year low of $40.83 and a one year high of $71.50. The business’s 50-day simple moving average is $61.67 and its 200 day simple moving average is $57.33.

Terex (NYSE:TEX) last announced its earnings results on Friday, May 1st. The industrial products company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.78 by $0.20. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.70 billion. Terex had a return on equity of 13.43% and a net margin of 1.87%.The company’s revenue was up 41.1% on a year-over-year basis. During the same period last year, the business posted $0.83 EPS. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, sell-side analysts forecast that Terex will post 4.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Terex news, insider Kieran Hegarty sold 11,980 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $69.24, for a total transaction of $829,495.20. Following the completion of the sale, the insider owned 173,495 shares in the company, valued at $12,012,793.80. This trade represents a 6.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joshua Gross sold 5,874 shares of Terex stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $61.53, for a total value of $361,427.22. Following the completion of the transaction, the insider owned 48,706 shares of the company’s stock, valued at approximately $2,996,880.18. The trade was a 10.76% decrease in their position. The SEC filing for this sale provides additional information. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TEX. Millennium Management LLC grew its position in shares of Terex by 1,086.3% in the 1st quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company’s stock worth $9,674,000 after acquiring an additional 234,470 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Terex by 427.2% in the 1st quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock worth $132,000 after acquiring an additional 2,841 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Terex by 3.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company’s stock worth $41,263,000 after acquiring an additional 40,077 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Terex by 0.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,210 shares of the industrial products company’s stock worth $7,375,000 after acquiring an additional 1,597 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in shares of Terex by 47.4% in the 1st quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company’s stock worth $1,719,000 after acquiring an additional 14,629 shares in the last quarter. 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.