Barclays Begins Coverage on Terex (NYSE:TEX)

Equities research analysts at Barclays initiated coverage on shares of Terex (NYSE:TEX) in a report released on Tuesday. The brokerage set an “overweight” rating and a $65.00 price target on the industrial products company’s stock. Barclays‘s target price indicates a potential upside of 18.49% from the stock’s previous close.

Several other equities analysts also recently weighed in on TEX. Citigroup raised Terex from a “neutral” rating to a “buy” rating and lifted their target price for the company from $73.00 to $75.00 in a research report on Monday, March 9th. Robert W. Baird set a $100.00 price objective on shares of Terex in a research note on Thursday, February 12th. Wells Fargo & Company lifted their price objective on shares of Terex from $56.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Truist Financial upped their target price on shares of Terex from $72.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Finally, Zacks Research lowered shares of Terex from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.18.

Terex Stock Down 2.8%

NYSE:TEX opened at $54.86 on Tuesday. Terex has a 52 week low of $31.53 and a 52 week high of $71.50. The stock’s fifty day moving average is $62.80 and its two-hundred day moving average is $55.73. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 1.14 and a beta of 1.62. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 1.23.

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

Insiders Place Their Bets

In other Terex news, insider Kieran Hegarty sold 11,980 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $69.24, for a total value of $829,495.20. Following the sale, the insider directly owned 173,495 shares in the company, valued at $12,012,793.80. This trade represents a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. lifted its stake in Terex by 31.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,773 shares of the industrial products company’s stock worth $95,000 after purchasing an additional 427 shares during the last quarter. Corient Private Wealth LLC acquired a new stake in Terex during the fourth quarter worth approximately $250,000. Invesco Ltd. lifted its position in shares of Terex by 1.0% during the 4th quarter. Invesco Ltd. now owns 1,620,342 shares of the industrial products company’s stock worth $86,494,000 after buying an additional 16,377 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Terex by 18.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,231 shares of the industrial products company’s stock valued at $333,000 after buying an additional 983 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of Terex in the 4th quarter valued at $108,000. Hedge funds and other institutional investors 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.