Terex Corporation (NYSE:TEX) Announces Quarterly Dividend of $0.17

Terex Corporation (NYSE:TEX) announced a quarterly dividend on Friday, June 26th. Shareholders of record on Tuesday, August 11th will be given a dividend of 0.17 per share by the industrial products company on Friday, September 18th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, August 11th.

Terex has raised its dividend by an average of 0.4%annually over the last three years and has increased its dividend every year for the last 5 years. Terex has a dividend payout ratio of 12.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Terex to earn $5.93 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 11.5%.

Terex Stock Up 3.7%

Shares of NYSE:TEX opened at $67.77 on Friday. Terex has a 52-week low of $41.70 and a 52-week high of $74.69. The company has a market capitalization of $7.74 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 1.04 and a beta of 1.51. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.93 and a current ratio of 1.82. The company has a fifty day moving average of $66.03 and a 200-day moving average of $63.33.

Terex (NYSE:TEX) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.14 billion. Terex had a return on equity of 12.24% and a net margin of 2.23%.Terex’s quarterly revenue was up 50.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 EPS. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. On average, equities analysts predict that Terex will post 4.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TEX has been the subject of several recent research reports. DA Davidson initiated coverage on Terex in a research note on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 price target for the company. Wall Street Zen upgraded shares of Terex from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Citigroup upped their target price on Terex from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. cut their target price on Terex from $80.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Terex in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Terex has an average rating of “Moderate Buy” and a consensus target price of $78.91.

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.