Terex (NYSE:TEX) Upgraded by DA Davidson to “Strong-Buy” Rating

Terex (NYSE:TEX) was upgraded by analysts at DA Davidson to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the company. Evercore reiterated an “outperform” rating and issued a $81.00 target price on shares of Terex in a research note on Monday, May 11th. JPMorgan Chase & Co. reduced their target price on shares of Terex from $76.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a report on Monday, April 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 price target on shares of Terex in a research note on Wednesday, May 6th. Finally, Zacks Research raised shares of Terex from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $75.82.

Terex Trading Up 3.1%

NYSE TEX opened at $70.03 on Wednesday. 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 $41.70 and a one year high of $71.50. The company’s 50 day moving average price is $61.96 and its 200 day moving average price is $60.67. The firm has a market capitalization of $8.00 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 1.06 and a beta of 1.53.

Terex (NYSE:TEX) last released its quarterly earnings data on Friday, May 1st. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.20. Terex had a net margin of 1.87% and a return on equity of 13.43%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the prior year, the business earned $0.83 earnings per share. The business’s quarterly revenue was up 41.1% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, sell-side analysts predict that Terex will post 4.87 EPS for the current year.

Insiders Place Their Bets

In other news, insider Joshua Gross sold 5,874 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $61.53, for a total value of $361,427.22. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Terex

Several hedge funds and other institutional investors have recently bought and sold shares of the company. UMB Bank n.a. grew its position in shares of Terex by 15.0% in the 4th quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 189 shares in the last quarter. M&T Bank Corp boosted its holdings in Terex by 3.1% in the second quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock worth $350,000 after purchasing an additional 225 shares during the period. Perigon Wealth Management LLC increased its stake in Terex by 2.5% during the fourth quarter. Perigon Wealth Management LLC now owns 9,246 shares of the industrial products company’s stock valued at $494,000 after purchasing an additional 228 shares during the last quarter. Drum Hill Capital LLC increased its stake in Terex by 0.6% during the fourth quarter. Drum Hill Capital LLC now owns 48,067 shares of the industrial products company’s stock valued at $2,566,000 after purchasing an additional 278 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in shares of Terex by 4.0% during the first quarter. Kestra Advisory Services LLC now owns 7,369 shares of the industrial products company’s stock worth $436,000 after purchasing an additional 286 shares during the period. 92.88% of the stock is owned by institutional investors.

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.