Zacks Research Analysts Lift Earnings Estimates for Terex Co. (NYSE:TEX)

Terex Co. (NYSE:TEX) – Analysts at Zacks Research boosted their Q4 2024 earnings estimates for Terex in a research note issued on Wednesday, July 24th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings of $1.54 per share for the quarter, up from their previous forecast of $1.52. The consensus estimate for Terex’s current full-year earnings is $7.08 per share. Zacks Research also issued estimates for Terex’s Q1 2025 earnings at $1.61 EPS, Q4 2025 earnings at $1.56 EPS, FY2025 earnings at $6.88 EPS and Q1 2026 earnings at $1.73 EPS.

Several other research analysts also recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Terex from $59.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday. Raymond James began coverage on shares of Terex in a research note on Friday, June 28th. They set a “market perform” rating on the stock. Jefferies Financial Group decreased their price target on shares of Terex from $68.00 to $55.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. Truist Financial decreased their price target on shares of Terex from $73.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Finally, Robert W. Baird lifted their price target on shares of Terex from $58.00 to $67.00 and gave the stock a “neutral” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $64.33.

Terex Trading Down 4.1 %

Shares of Terex stock opened at $63.09 on Thursday. Terex has a 1 year low of $43.70 and a 1 year high of $66.85. The firm has a market cap of $4.25 billion, a PE ratio of 8.36 and a beta of 1.57. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.16 and a quick ratio of 1.06. The company has a 50 day simple moving average of $56.77 and a two-hundred day simple moving average of $58.70.

Terex (NYSE:TEX) last announced its earnings results on Thursday, April 25th. The industrial products company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.23. Terex had a net margin of 9.87% and a return on equity of 30.53%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.23 billion.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.08%. The ex-dividend date was Thursday, June 6th. Terex’s dividend payout ratio (DPR) is currently 9.01%.

Insider Activity

In other news, insider Kieran Hegarty sold 17,190 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $58.26, for a total transaction of $1,001,489.40. Following the sale, the insider now owns 200,029 shares in the company, valued at approximately $11,653,689.54. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Scott Posner sold 12,500 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $60.48, for a total transaction of $756,000.00. Following the sale, the vice president now owns 58,224 shares in the company, valued at approximately $3,521,387.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kieran Hegarty sold 17,190 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $58.26, for a total transaction of $1,001,489.40. Following the sale, the insider now owns 200,029 shares in the company, valued at approximately $11,653,689.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,929 shares of company stock worth $1,958,307. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Terex

A number of hedge funds have recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in Terex by 57.5% in the 2nd quarter. Blue Trust Inc. now owns 512 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 187 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in Terex by 1.6% in the 4th quarter. SummerHaven Investment Management LLC now owns 11,692 shares of the industrial products company’s stock worth $672,000 after purchasing an additional 188 shares in the last quarter. Greenwich Wealth Management LLC boosted its stake in Terex by 0.3% in the 4th quarter. Greenwich Wealth Management LLC now owns 61,670 shares of the industrial products company’s stock worth $3,544,000 after purchasing an additional 209 shares in the last quarter. FCG Investment Co boosted its stake in Terex by 3.5% in the 2nd quarter. FCG Investment Co now owns 6,534 shares of the industrial products company’s stock worth $358,000 after purchasing an additional 220 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its stake in Terex by 4.6% in the 4th quarter. QRG Capital Management Inc. now owns 5,332 shares of the industrial products company’s stock worth $306,000 after purchasing an additional 234 shares in the last quarter. Institutional investors own 92.88% of the company’s stock.

Terex Company Profile

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.