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NYSE:TEX

Terex (TEX) Stock Price, News & Analysis

Terex logo
$51.41
-0.30 (-0.58%)
(As of 11/1/2024 ET)

About Terex Stock (NYSE:TEX)

Key Stats

Today's Range
$51.26
$52.88
50-Day Range
$49.81
$56.78
52-Week Range
$46.94
$68.08
Volume
592,975 shs
Average Volume
786,266 shs
Market Capitalization
$3.43 billion
P/E Ratio
7.51
Dividend Yield
1.32%
Price Target
$59.22
Consensus Rating
Hold

Company Overview

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. Its products are used in construction, infrastructure, and recycling projects; quarrying and mining, and material handling applications; maintenance applications to lift equipment or material; and landscaping and biomass production industries. The AWP segment designs, manufactures, services, and markets aerial work platform equipment, utility equipment, and telehandlers under the Terex and Genie brands. Its products include portable material lifts, portable aerial work platforms, trailer-mounted articulating booms, self-propelled articulating and telescopic booms, and scissor lifts, as well as related components and replacement parts for construction and maintenance of industrial, commercial, institutional, and residential buildings and facilities, transmission and distribution lines, construction and foundation drilling applications, and other commercial operations, as well as in tree trimming and various infrastructure projects. The company offers financing solutions to assist customers in the rental, leasing, and acquisition of its products. Terex Corporation was founded in 1933 and is based in Norwalk, Connecticut.

Terex Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
81st Percentile Overall Score

TEX MarketRank™: 

Terex scored higher than 81% of companies evaluated by MarketBeat, and ranked 62nd out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Terex has received a consensus rating of Hold. The company's average rating score is 2.10, and is based on 2 buy ratings, 7 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Terex has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Terex's stock forecast and price target.
  • Earnings Growth

    Earnings for Terex are expected to decrease by -13.01% in the coming year, from $5.92 to $5.15 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Terex is 7.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.95.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Terex is 7.51, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.97.

  • Price to Earnings Growth Ratio

    Terex has a PEG Ratio of 4.28. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Terex has a P/B Ratio of 1.75. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Terex's valuation and earnings.
  • Percentage of Shares Shorted

    7.70% of the float of Terex has been sold short.
  • Short Interest Ratio / Days to Cover

    Terex has a short interest ratio ("days to cover") of 5.9.
  • Change versus previous month

    Short interest in Terex has recently increased by 1.41%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Terex pays a meaningful dividend of 1.32%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Terex does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Terex is 9.93%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Terex will have a dividend payout ratio of 13.20% next year. This indicates that Terex will be able to sustain or increase its dividend.

  • Read more about Terex's dividend.
  • Percentage of Shares Shorted

    7.70% of the float of Terex has been sold short.
  • Short Interest Ratio / Days to Cover

    Terex has a short interest ratio ("days to cover") of 5.9.
  • Change versus previous month

    Short interest in Terex has recently increased by 1.41%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Terex has a news sentiment score of 0.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 20 news articles for Terex this week, compared to 7 articles on an average week.
  • Search Interest

    Only 1 people have searched for TEX on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added Terex to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Terex insiders have bought more of their company's stock than they have sold. Specifically, they have bought $119,864.00 in company stock and sold $0.00 in company stock.

  • Percentage Held by Insiders

    Only 1.90% of the stock of Terex is held by insiders.

  • Percentage Held by Institutions

    92.88% of the stock of Terex is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Terex's insider trading history.
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TEX Stock News Headlines

Terex Third Quarter 2024 Earnings: Beats Expectations
Terex price target lowered to $55 from $65 at Baird
625,000% Gain
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Terex Faces Mixed Performance and Future Challenges: Hold Rating Issued
Terex Corporation 2024 Q3 - Results - Earnings Call Presentation
See More Headlines

TEX Stock Analysis - Frequently Asked Questions

Terex's stock was trading at $57.46 at the beginning of 2024. Since then, TEX stock has decreased by 10.5% and is now trading at $51.41.
View the best growth stocks for 2024 here
.

Terex Co. (NYSE:TEX) issued its quarterly earnings data on Wednesday, October, 30th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.19. The business's quarterly revenue was down 6.0% on a year-over-year basis.

Terex's board approved a stock repurchase plan on Monday, December 19th 2022, which authorizes the company to repurchase $150,000,000 in shares, according to EventVestor. This means that the company could buy up to 5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its shares are undervalued.

Terex's top institutional investors include Minneapolis Portfolio Management Group LLC (0.68%), HM Payson & Co. (0.37%), Principal Financial Group Inc. (0.33%) and New York State Teachers Retirement System (0.12%). Insiders that own company stock include John L Garrison Jr, Kieran Hegarty, Amy George, Julie A Beck, David A Sachs, Scott Posner, Simon Meester, Paula H Cholmondeley, Andra Rush, Joshua Gross, Stephen Johnston and John D Sheehan.
View institutional ownership trends
.

Shares of TEX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Terex investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), The RMR Group (RMR), Voyager Therapeutics (VYGR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

Ex-Dividend for 9/19 Dividend
8/09/2024
Dividend Payable
9/19/2024
Last Earnings
10/30/2024
Today
11/01/2024
Ex-Dividend for 12/19 Dividend
11/08/2024
Dividend Payable
12/19/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/13/2025

Industry, Sector and Symbol

Industry
Industrial trucks & tractors
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
CUSIP
88077910
Employees
10,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$59.22
High Stock Price Target
$64.00
Low Stock Price Target
$55.00
Potential Upside/Downside
+15.2%
Consensus Rating
Hold
Rating Score (0-4)
2.10
Research Coverage
10 Analysts

Profitability

Net Income
$518 million
Pretax Margin
10.09%

Debt

Sales & Book Value

Annual Sales
$5.15 billion
Cash Flow
$7.98 per share
Book Value
$29.25 per share

Miscellaneous

Free Float
65,629,000
Market Cap
$3.44 billion
Optionable
Optionable
Beta
1.53
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This page (NYSE:TEX) was last updated on 11/2/2024 by MarketBeat.com Staff
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