Terex (TEX)

• Market cap: $3.01B
• 1 day: -0.29%
• 5 days: -9.53%
• 1 month: -13.56%
• 3 months: -13.09%
• 6 months: -15.17%
• Year to date: -22.11%
• 1 year: -21.45%
• 5 years: 48.45%
• 10 years: 64.31%
• Sector: Industrials
• Industry: Industrial Trucks, Tractors, Trailers & Stackers

About: Terex is a top manufacturer of aerial work platforms, materials processing equipment, and specialty equipment, such as material handlers, cranes, and concrete mixer trucks. Its current composition is a result of numerous acquisitions over several decades and a recent shift to focus on its two core segments after divesting a handful of underperforming businesses. Terex's remaining segments see heavy demand in nonresidential construction as well as in maintenance, manufacturing, energy, and materials management.

Employees: 10,200

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

28% more call options, than puts

Call options by funds: $28.4M | Put options by funds: $22.2M

10% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 59

2% more funds holding

Funds holding: 371 [Q2] → 377 (+6) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

10% less repeat investments, than reductions

Existing positions increased: 123 | Existing positions reduced: 136

4.87% less ownership

Funds ownership: 98.96% [Q2] → 94.09% (-4.87%) [Q3]

9% less capital invested

Capital invested by funds: $3.65B [Q2] → $3.33B (-$324M) [Q3]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $55 22% upside
• Avg. target: $58 29% upside
• High target: $62 38% upside

4 analyst ratings

• positive: 1 25%
• neutral: 3 75%
• negative: 0 0%

Truist Securities Jamie Cook 71% 1-year accuracy 56 / 79 met price target	29% upside $58	Buy Maintained	19 Dec 2024
Baird Mircea Dobre 44% 1-year accuracy 7 / 16 met price target	22% upside $55	Neutral Maintained	31 Oct 2024
JP Morgan Tami Zakaria 55% 1-year accuracy 17 / 31 met price target	38% upside $62	Neutral Maintained	14 Oct 2024
Citigroup Kyle Menges 29% 1-year accuracy 5 / 17 met price target	26% upside $57	Neutral Maintained	23 Sept 2024