Terex Corporation (TEX)

Terex announced its Q3 2025 earnings, reporting an EPS of $1.50, beating the consensus estimate of $1.22, and quarterly revenue rose 14.4% year-over-year to $1.39 billion. Terex and REV Group announced a definitive agreement to merge in a stock and cash transaction. Raymond James Financial upgraded Terex from "market perform" to "outperform" and set a $70.00 price objective. Citigroup lowered its target price from $58.00 to $52.00 and set a "neutral" rating. Wells Fargo & Company initiated coverage with an "equal weight" rating and a $50.00 price objective. UBS Group dropped its price target from $52.00 to $51.00 and set a "neutral" rating. Morgan Stanley upgraded Terex from "equal weight" to "overweight" and boosted its price target from $47.00 to $60.00. Wall Street Zen downgraded Terex from a "strong-buy" to a "buy" rating. Citigroup reaffirmed its Neutral rating but raised its price target from $52.00 to $62.00. Terex shares reached a new 52-week high in January 2026, trading as high as $60.45. Director Andra Rush purchased 2,120 shares of the company's stock.

Demand for Terex Corp.'s products and services exhibits clear seasonal patterns. Bookings trends for Terex products generally return to normal seasonal patterns. The Aerials segment typically sees a ramp-up in March as rental customers increase deliveries heading into the construction season. Demand in the Materials Processing segment, particularly for aggregates, is strong in the United States and India. Bookings for Environmental Solutions also reflect a return to normal seasonal ordering patterns. Sales in the second half of the year are generally expected to be lower than the first half due to normal production seasonality and potential lingering supply chain constraints.

Terex Corporation is a global industrial equipment manufacturer specializing in lifting and material processing products and services. The company operates within the Industrial Products sector, specifically in the Machinery - Construct & Mining industry. Terex's mission is to deliver reliable, high-performance products and services. The Materials Processing segment manufactures 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 pavers, and conveyors. The Aerials segment designs, manufactures, services, and markets aerial work platform equipment, utility equipment, and telehandlers, along with their related components and replacement parts. The Environmental Solutions segment focuses on waste and recycling equipment and solutions, including refuse collection bodies, hydraulic cart lifters, automated carry cans, compaction, balers, recycling equipment, and cameras with integrated smart technology.

Terex Corporation has a strong global presence, serving customers in over 175 countries through a network of dealers and service centers. The company's products are manufactured in North America, Europe, and Asia Pacific, and are sold worldwide. Terex also has manufacturing facilities in the United States, Canada, and South America. Approximately 75% of its 2025 U.S. machine sales are expected to be generated by products manufactured in its U.S. facilities, and products manufactured in Mexico also qualify under USMCA exemptions.

Terex Corporation's brand reputation has been generally positive, with a consensus recommendation of "Moderate Buy" from brokerages. The company's stock performance, including reaching a new 52-week high in January 2026, suggests a favorable market perception. Analyst upgrades also indicate a positive outlook on the company's prospects. The announced merger with REV Group is seen as a strategic move to create a more resilient business. Terex has consistently delivered solid financial performance, exceeding EPS expectations in Q3 2025. The company's focus on business transformation by expanding into steady-growth sectors also contributes to a forward-looking and responsible brand image.

Terex Corporation's ownership structure is primarily institutional, with approximately 85.77% to 92.88% of the company's stock owned by institutional investors. Insiders own around 2.15% to 17.07%, and public companies and individual investors hold approximately 12.08% to 30.85%. Major institutional owners include Fmr Llc, BlackRock, Inc., and Vanguard Group Inc. Marcato Capital Management LP is the largest individual Terex shareholder, owning 7.26 million shares, representing 11.07% of the company.