Terex (NYSE:TEX) Rating Lowered to Hold at Wall Street Zen

Terex (NYSE:TEX) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other brokerages have also commented on TEX. DA Davidson assumed coverage on Terex in a research report on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 price objective on the stock. Truist Financial decreased their price objective on Terex from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a research report on Friday, July 17th. Barclays upped their target price on Terex from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $86.00 target price on shares of Terex in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Terex currently has an average rating of “Moderate Buy” and a consensus price target of $77.00.

Terex Price Performance

TEX stock opened at $50.63 on Friday. The firm has a 50 day simple moving average of $61.29 and a two-hundred day simple moving average of $62.54. The stock has a market cap of $5.79 billion, a PE ratio of 25.83, a P/E/G ratio of 0.77 and a beta of 1.47. Terex has a one year low of $41.70 and a one year high of $74.69. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.82 and a quick ratio of 0.93.

Terex (NYSE:TEX) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.14. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Terex had a net margin of 2.23% and a return on equity of 12.24%. The business’s quarterly revenue was up 50.5% on a year-over-year basis. During the same quarter last year, the company posted $1.49 EPS. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. On average, analysts predict that Terex will post 4.97 EPS for the current fiscal year.

Institutional Trading of Terex

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in Terex by 10.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,536 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 246 shares during the last quarter. Moody National Bank Trust Division grew its position in shares of Terex by 11.3% in the 3rd quarter. Moody National Bank Trust Division now owns 30,994 shares of the industrial products company’s stock worth $1,630,000 after buying an additional 3,144 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of Terex by 2.7% in the 2nd quarter. QRG Capital Management Inc. now owns 7,847 shares of the industrial products company’s stock worth $568,000 after buying an additional 208 shares during the last quarter. Baird Financial Group Inc. grew its position in shares of Terex by 6.5% in the 2nd quarter. Baird Financial Group Inc. now owns 61,214 shares of the industrial products company’s stock worth $4,431,000 after buying an additional 3,718 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Terex by 0.7% during the second quarter. Arizona State Retirement System now owns 31,373 shares of the industrial products company’s stock valued at $2,271,000 after buying an additional 210 shares during the period. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Terex Company Profile

Terex Corporation is a global manufacturer of equipment used in construction, infrastructure development, utilities, recycling, and materials processing. The company designs, manufactures and supports machinery that helps customers lift, move, process and manage materials in a range of industrial and commercial applications.

Terex operates primarily through its Materials Processing and Aerial Work Platforms segments. Its product portfolio includes crushing and screening equipment, conveyors, washing and recycling systems, material handlers, rough-terrain and telescopic handlers, aerial work platforms, utility equipment and related aftermarket parts and services.