TEX Stock Summary and Trading Ideas (Terex | NYSE:TEX)

Terex is a global 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.

Terex trades on the NYSE stock market under the symbol TEX.

As of April 22, 2024, TEX stock price climbed to $60.73 with 555,214 million shares trading.

TEX has a beta of 1.93, meaning it tends to be more sensitive to market movements. TEX has a correlation of 0.34 to the broad based SPY ETF.

TEX has a market cap of $4.07 billion. This is considered a Mid Cap stock.

Last quarter Terex reported $1 billion in Revenue and $1.41 earnings per share. This fell short of revenue expectation by $-7 million and exceeded earnings estimates by $.02.

In the last 3 years, TEX stock traded as high as $65.89 and as low as $26.64.

The top ETF exchange traded funds that TEX belongs to (by Net Assets): VTI, IJH, VB, IWM, VBR.

TEX has outperformed the market in the last year with a return of +34.1%, while the SPY ETF gained +22.3%. In the last 3 month period, TEX beat the market returning +7.4%, while SPY returned +3.9%. However, in the most recent 2 weeks TEX has underperformed the stock market by returning -6.7%, while SPY returned -3.6%.

TEX support price is $59.09 and resistance is $61.41 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TEX stock will trade within this expected range on the day.