Terex Corporation (TEX)

In September 2024, Terex's shares slumped over 5% after it cut its full-year 2024 earnings forecast, citing weaker-than-expected global sales and faster-than-anticipated channel adjustments by customers. In October 2025, Raymond James upgraded Terex's rating from Market Perform to Outperform, setting a new price target of $70. Other analyst actions include Citigroup maintaining a Neutral rating but raising its price target to $58, UBS raising its price target to $52, Truist Securities maintaining a Buy rating and raising its price target to $55, JP Morgan raising its price target to $50 and Goldman Sachs upgrading to Buy and raising its price target to $60. The company also affirmed a quarterly dividend of US$0.17 per share, payable in December 2025. Terex is slated to release its third-quarter 2025 results on October 30, 2025.

Terex Corporation experiences demand seasonality for some of its products, particularly influenced by the construction season in the northern hemisphere. The company's businesses can see stronger demand during the second quarter, as customers make investments in anticipation of the annual construction season, which typically runs from April to October. However, non-seasonal macroeconomic factors can also play a significant role and may even surpass seasonal influences in importance during certain years.

Terex Corporation is a global manufacturer of lifting and material processing products and services, operating primarily in the Industrials sector, specifically within the Construction/Ag Equipment/Trucks industry. The company designs, builds, and supports products used in construction, maintenance, manufacturing, energy, minerals, and materials management applications. Its major products are categorized into two main segments: Aerial Work Platforms (AWP) and Materials Processing (MP), with a more recent addition of the Environmental Solutions Group (ESG). The AWP segment includes aerial work platforms marketed under the Terex® and Genie® brand names. The MP segment designs, manufactures, services, and markets materials processing and specialty equipment. Terex also offers financial products and services through Terex Financial Services to assist in equipment acquisition.

Terex Corporation has a significant global presence, with manufacturing facilities located in the United States, Canada, Europe, Australia, and Asia. The company sells its products through a worldwide distribution network. North America was the largest market in 2024, accounting for approximately 66% of global sales.

In the past year, Terex has made strategic moves that have positively impacted its brand reputation, particularly in areas of sustainability and market diversification. The company completed the acquisition of Environmental Solutions Group (ESG) in October 2024, which significantly enhanced its presence in the waste and recycling sector. Terex has also continued its commitment to sustainability and innovation by introducing new electric and hybrid-powered models, including battery-powered scissor lifts and AI-enhanced material handlers. The company also debuted the Terex electric vehicle (EV) bucket truck in May 2022, the first all-electric utility bucket truck built on an all-electric International eMV chassis. Additionally, Terex appointed Srikanth Padmanabhan to its Board of Directors in October 2025.

Terex Corporation's ownership is primarily institutional, with 705 institutional owners and shareholders holding a total of 82,795,472 shares. Major institutional shareholders include Fmr Llc, BlackRock, Inc., Vanguard Group Inc, Fuller & Thaler Asset Management, Inc., Dimensional Fund Advisors Lp, State Street Corp, and Fisher Asset Management, LLC. Institutional shareholders own approximately 68.16% to 100.96% of the company's stock, while insiders own around 2.16% to 21.03%, and public companies and individual investors hold about 0.00% to 30.48%. Marcato Capital Management LP is noted as a significant individual shareholder, owning 7.26 million shares, representing 11.07% of the company.