Terex (TEX)

• Market cap: $2.87B
• 1 day: -5.24%
• 5 days: -5.10%
• 1 month: -11.66%
• 3 months: -18.36%
• 6 months: -20.33%
• Year to date: -3.01%
• 1 year: -21.87%
• 5 years: 71.49%
• 10 years: 60.64%
• Sector: Industrials
• Industry: Industrial Trucks, Tractors, Trailers & Stackers

About: Terex Corp is a manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry. The company designs builds, and supports products used in maintenance, manufacturing, energy, waste and recycling, minerals and materials management, construction, and the entertainment industry. The products are manufactured in North America, Europe, and Asia Pacific and sold all over the world. The company reports business in the following segments: (i) Materials Processing, (ii) Aerial Work Platforms, and (iii) Environmental Solutions Group.

Employees: 11,400

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

0.46% more ownership

Funds ownership: 94.84% [Q3] → 95.3% (+0.46%) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 2 (+0) [Q4]

7% less repeat investments, than reductions

Existing positions increased: 113 | Existing positions reduced: 122

10% less funds holding

Funds holding: 378 [Q3] → 339 (-39) [Q4]

12% less capital invested

Capital invested by funds: $3.35B [Q3] → $2.94B (-$413M) [Q4]

36% less first-time investments, than exits

New positions opened: 46 | Existing positions closed: 72

38% less call options, than puts

Call options by funds: $16.7M | Put options by funds: $27.1M

Research analyst outlook

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

• Low target: $48 11% upside
• Avg. target: $54 25% upside
• High target: $59 37% upside

5 analyst ratings

• positive: 2 40%
• neutral: 3 60%
• negative: 0 0%

Evercore ISI Group David Raso 85% 1-year accuracy 17 / 20 met price target	37% upside $59	Outperform Maintained	19 Feb 2025
Barclays Adam Seiden 63% 1-year accuracy 12 / 19 met price target	20% upside $52	Equal-Weight Maintained	10 Feb 2025
Citigroup Kyle Menges 54% 1-year accuracy 14 / 26 met price target	11% upside $48	Neutral Maintained	14 Jan 2025
JP Morgan Tami Zakaria 44% 1-year accuracy 15 / 34 met price target	20% upside $52	Neutral Maintained	14 Jan 2025
Truist Securities Jamie Cook 60% 1-year accuracy 54 / 90 met price target	34% upside $58	Buy Maintained	19 Dec 2024