Terex (NYSE:TEX) Sets New 52-Week High on Analyst Upgrade

Shares of Terex Corporation (NYSE:TEX) hit a new 52-week high on Thursday after DA Davidson upgraded the stock to a strong-buy rating. DA Davidson now has a $81.00 price target on the stock. Terex traded as high as $73.10 and last traded at $73.1550, with a volume of 56784 shares. The stock had previously closed at $70.10.

Several other equities research analysts have also issued reports on the company. Morgan Stanley reiterated an “overweight” rating and set a $84.00 price target on shares of Terex in a report on Wednesday, May 6th. Raymond James Financial upgraded Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price objective on the stock in a report on Monday, May 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a research report on Monday, April 20th. Barclays started coverage on shares of Terex in a research report on Tuesday, March 31st. They issued an “overweight” rating and a $65.00 target price for the company. Finally, Zacks Research upgraded shares of Terex from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Terex currently has an average rating of “Moderate Buy” and a consensus price target of $75.82.

Insider Activity at Terex

In other news, insider Joshua Gross sold 5,874 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $61.53, for a total transaction of $361,427.22. Following the transaction, the insider owned 48,706 shares of the company’s stock, valued at approximately $2,996,880.18. This represents a 10.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Terex

A number of institutional investors have recently modified their holdings of TEX. Capricorn Fund Managers Ltd bought a new position in Terex in the 4th quarter worth $6,939,000. Citigroup Inc. boosted its holdings in Terex by 253.8% during the third quarter. Citigroup Inc. now owns 259,094 shares of the industrial products company’s stock valued at $13,292,000 after acquiring an additional 185,863 shares during the period. SG Americas Securities LLC boosted its holdings in Terex by 147.8% during the fourth quarter. SG Americas Securities LLC now owns 40,032 shares of the industrial products company’s stock valued at $2,137,000 after acquiring an additional 23,875 shares during the period. Victory Capital Management Inc. grew its position in shares of Terex by 1.8% in the third quarter. Victory Capital Management Inc. now owns 1,076,696 shares of the industrial products company’s stock valued at $55,235,000 after purchasing an additional 19,250 shares during the last quarter. Finally, M&T Bank Corp grew its position in shares of Terex by 814.9% in the fourth quarter. M&T Bank Corp now owns 68,501 shares of the industrial products company’s stock valued at $3,657,000 after purchasing an additional 61,014 shares during the last quarter. Institutional investors own 92.88% of the company’s stock.

Terex Stock Up 5.6%

The company has a debt-to-equity ratio of 0.57, a current ratio of 1.84 and a quick ratio of 0.88. The business has a 50 day moving average price of $61.96 and a 200 day moving average price of $60.67. The firm has a market capitalization of $8.45 billion, a P/E ratio of 35.28, a price-to-earnings-growth ratio of 1.06 and a beta of 1.53.

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

Terex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 8th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.68 dividend on an annualized basis and a yield of 0.9%. Terex’s payout ratio is 32.54%.

Terex Company Profile

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.