Terex Co. (NYSE:TEX – Get Rating) – Investment analysts at Zacks Research upped their Q4 2023 EPS estimates for Terex in a research report issued on Wednesday, March 15th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings of $1.23 per share for the quarter, up from their prior estimate of $1.22. The consensus estimate for Terex's current full-year earnings is $4.89 per share. Zacks Research also issued estimates for Terex's Q4 2024 earnings at $0.95 EPS.

Terex (NYSE:TEX – Get Rating) last posted its quarterly earnings data on Friday, February 10th. The industrial products company reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.21. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.10 billion. Terex had a net margin of 6.79% and a return on equity of 27.44%. Terex's quarterly revenue was up 23.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 earnings per share.

A number of other research analysts have also issued reports on TEX. KeyCorp boosted their price target on shares of Terex from $56.00 to $72.00 and gave the stock an "overweight" rating in a research note on Monday, February 13th. Stifel Nicolaus boosted their price target on shares of Terex from $54.00 to $57.00 and gave the stock a "buy" rating in a research note on Friday, January 20th. Robert W. Baird boosted their price objective on shares of Terex from $37.00 to $46.00 and gave the stock a "neutral" rating in a report on Tuesday, December 13th. JPMorgan Chase & Co. boosted their price objective on shares of Terex from $48.00 to $55.00 and gave the stock an "overweight" rating in a report on Monday, February 13th. Finally, StockNews.com assumed coverage on shares of Terex in a report on Thursday. They set a "buy" rating on the stock. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $55.45.

Terex Trading Down 8.8 %

Shares of Terex stock opened at $45.31 on Monday. Terex has a 52-week low of $26.64 and a 52-week high of $60.85. The company has a quick ratio of 0.97, a current ratio of 1.96 and a debt-to-equity ratio of 0.65. The company's 50-day simple moving average is $52.65 and its 200-day simple moving average is $43.55. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 0.54 and a beta of 1.67.

Institutional Investors Weigh In On Terex

Large investors have recently made changes to their positions in the business. Teza Capital Management LLC boosted its stake in shares of Terex by 35.4% in the third quarter. Teza Capital Management LLC now owns 11,958 shares of the industrial products company's stock valued at $356,000 after purchasing an additional 3,124 shares during the period. Capital Fund Management S.A. boosted its stake in Terex by 69.4% during the 3rd quarter. Capital Fund Management S.A. now owns 22,060 shares of the industrial products company's stock valued at $656,000 after acquiring an additional 9,041 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Terex during the 3rd quarter valued at $263,000. Comerica Bank boosted its stake in Terex by 1.8% during the 3rd quarter. Comerica Bank now owns 48,695 shares of the industrial products company's stock valued at $1,662,000 after acquiring an additional 880 shares during the last quarter. Finally, Waterfront Wealth Inc. boosted its stake in Terex by 45.9% during the 3rd quarter. Waterfront Wealth Inc. now owns 29,865 shares of the industrial products company's stock valued at $1,107,000 after acquiring an additional 9,392 shares during the last quarter. Institutional investors and hedge funds own 87.37% of the company's stock.

Insider Activity at Terex

In related news, CAO Stephen Johnston sold 2,428 shares of the company's stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $55.51, for a total transaction of $134,778.28. Following the transaction, the chief accounting officer now owns 12,340 shares of the company's stock, valued at $684,993.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Stephen Johnston sold 2,428 shares of the company's stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $55.51, for a total transaction of $134,778.28. Following the completion of the transaction, the chief accounting officer now owns 12,340 shares of the company's stock, valued at $684,993.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Amy George sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $56.00, for a total transaction of $280,000.00. Following the transaction, the vice president now directly owns 103,172 shares of the company's stock, valued at approximately $5,777,632. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 374,481 shares of company stock valued at $21,446,276. Company insiders own 2.90% of the company's stock.

Terex declared that its board has approved a share buyback plan on Monday, December 19th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to purchase up to 5% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Terex Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 20th. Investors of record on Thursday, March 9th will be paid a dividend of $0.15 per share. This is an increase from Terex's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $0.60 annualized dividend and a dividend yield of 1.32%. Terex's dividend payout ratio is presently 13.82%.

Terex Company Profile

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Terex Corp. engages in the manufacturing of aerial work platforms, cranes, and materials processing machinery. It operates through the Material Processing and Aerial Work Platforms segments. The Materials Processing segment designs, manufactures, services and markets materials processing and equipment, including crushers, washing systems, screens, 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 their related components and replacement parts.

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