UBS Group Has Lowered Expectations for Terex (NYSE:TEX) Stock Price

Terex (NYSE:TEX) had its target price reduced by equities research analysts at UBS Group from $52.00 to $51.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. UBS Group’s price objective suggests a potential upside of 9.43% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a research report on Wednesday, October 8th. Citigroup cut their target price on shares of Terex from $58.00 to $52.00 and set a “neutral” rating for the company in a research note on Monday. Raymond James Financial upgraded shares of Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research note on Monday, October 27th. Morgan Stanley set a $47.00 price objective on shares of Terex and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Wall Street Zen raised Terex from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Terex has an average rating of “Moderate Buy” and a consensus price target of $57.20.

Terex Stock Down 0.7%

Terex stock traded down $0.34 during mid-day trading on Thursday, reaching $46.61. The company’s stock had a trading volume of 391,290 shares, compared to its average volume of 941,398. The business’s 50 day simple moving average is $52.30 and its 200 day simple moving average is $48.65. Terex has a 12 month low of $31.53 and a 12 month high of $58.66. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.11 and a current ratio of 2.08. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 5.69 and a beta of 1.66.

Terex (NYSE:TEX) last posted its quarterly earnings results on Thursday, October 30th. The industrial products company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.28. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.41 billion. Terex had a return on equity of 15.95% and a net margin of 3.46%.The business’s revenue was up 14.4% compared to the same quarter last year. During the same period last year, the company earned $1.46 earnings per share. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. As a group, research analysts anticipate that Terex will post 4.83 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Andra Rush acquired 2,120 shares of the stock in a transaction on Friday, October 31st. The stock was acquired at an average cost of $46.59 per share, for a total transaction of $98,770.80. Following the completion of the transaction, the director directly owned 25,428 shares in the company, valued at approximately $1,184,690.52. This trade represents a 9.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Scott Posner sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $50.50, for a total value of $252,500.00. Following the sale, the vice president owned 70,308 shares of the company’s stock, valued at $3,550,554. The trade was a 6.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TEX. LSV Asset Management grew its holdings in shares of Terex by 17.9% during the 3rd quarter. LSV Asset Management now owns 110,200 shares of the industrial products company’s stock valued at $5,653,000 after purchasing an additional 16,700 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Terex by 2.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 90,285 shares of the industrial products company’s stock valued at $4,632,000 after purchasing an additional 2,482 shares during the last quarter. Versor Investments LP boosted its position in Terex by 106.1% in the third quarter. Versor Investments LP now owns 13,600 shares of the industrial products company’s stock valued at $698,000 after buying an additional 7,000 shares in the last quarter. Waterfront Wealth Inc. grew its stake in shares of Terex by 0.7% during the third quarter. Waterfront Wealth Inc. now owns 39,694 shares of the industrial products company’s stock worth $2,106,000 after buying an additional 260 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of 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 buying an additional 413 shares in the last quarter. Institutional investors own 92.88% of the company’s stock.

About Terex

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.