Terex (TEX) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $52.41 to $54.14
• 50-Day Range: $50.89 to $58.63
• 52-Week Range: $48.11 to $68.08
• Volume: 480,584 shs
• Average Volume: 813,597 shs
• Market Capitalization: $3.59 billion
• P/E Ratio: 7.85
• Dividend Yield: 1.26%
• Price Target: $59.56
• Consensus Rating: Hold

Terex Stock Analysis - MarketRank™

Terex scored higher than 85% of companies evaluated by MarketBeat, and ranked 39th out of 179 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Hold

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 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -6.75%

Earnings Growth

Earnings for Terex are expected to decrease by -6.75% in the coming year, from $6.07 to $5.66 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Terex is 7.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.99.

Price to Earnings Ratio vs. Sector

The P/E ratio of Terex is 7.85, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 23.10.

Price to Earnings Growth Ratio

Terex has a PEG Ratio of 4.15. 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 1.84. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.65% 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 6.5.

Change versus previous month

Short interest in Terex has recently decreased by 0.80%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

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 12.01% next year. This indicates that Terex will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.3 / 5
• Environmental Score: -3.93

Percentage of Shares Shorted

7.65% 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 6.5.

Change versus previous month

Short interest in Terex has recently decreased by 0.80%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.9 / 5
• News Sentiment: 0.96

News Sentiment

Terex has a news sentiment score of 0.96. 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 is a higher news sentiment than the 0.79 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Terex this week, compared to 7 articles on an average week.

Search Interest

3 people have searched for TEX on MarketBeat in the last 30 days.

MarketBeat Follows

2 people have added Terex to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Terex insiders have not sold or bought any 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.

TEX Stock Analysis - Frequently Asked Questions

How have TEX shares performed this year?

Terex's stock was trading at $57.46 at the beginning of the year. Since then, TEX stock has decreased by 6.4% and is now trading at $53.77.
View the best growth stocks for 2024 here.

How were Terex's earnings last quarter?

Terex Co. (NYSE:TEX) posted its earnings results on Wednesday, October, 30th. The industrial products company reported $1.46 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.15. The business's revenue was down 6.0% compared to the same quarter last year.

Is Terex buying back stock?

Terex's Board of Directors initiated a stock buyback plan on Monday, December 19th 2022, which allows the company to buy back $150,000,000 in outstanding shares, according to EventVestor. This means that the company could buy up to 5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Who are Terex's major shareholders?

Top institutional investors of Terex include FMR LLC (11.24%), State Street Corp (3.66%), Fisher Asset Management LLC (2.77%) and Geode Capital Management LLC (2.39%). 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 and Stephen Johnston.
View institutional ownership trends.

How do I buy shares of Terex?

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.

What other stocks do shareholders of Terex own?

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
• Ex-Dividend for 12/19 Dividend: 11/08/2024
• Today: 11/22/2024
• Dividend Payable: 12/19/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/13/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Industrial trucks & tractors
• Sub-Industry: Construction & Farm Machinery & Heavy Trucks
• Current Symbol: NYSE:TEX
• CUSIP: 88077910
• CIK: 97216
• Web: www.terex.com
• Phone: (203) 222-7170
• Fax: 203-222-7976
• Employees: 10,200
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $59.56
• High Stock Price Target: $65.00
• Low Stock Price Target: $55.00
• Potential Upside/Downside: +10.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.10
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $6.85
• Trailing P/E Ratio: 7.85
• Forward P/E Ratio: 8.86
• P/E Growth: 4.15
• Net Income: $518 million
• Net Margins: 9.08%
• Pretax Margin: 10.09%
• Return on Equity: 24.92%
• Return on Assets: 11.99%

Debt

• Debt-to-Equity Ratio: 0.32
• Current Ratio: 2.39
• Quick Ratio: 1.16

Sales & Book Value

• Annual Sales: $5.15 billion
• Price / Sales: 0.70
• Cash Flow: $8.38 per share
• Price / Cash Flow: 6.42
• Book Value: $29.30 per share
• Price / Book: 1.84

Miscellaneous

• Outstanding Shares: 66,800,000
• Free Float: 65,531,000
• Market Cap: $3.59 billion
• Optionable: Optionable
• Beta: 1.53