Robert W. Baird Boosts Terex (NYSE:TEX) Price Target to $67.00

Terex (NYSE:TEX) had its price objective boosted by Robert W. Baird from $58.00 to $67.00 in a research note issued to investors on Monday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the industrial products company’s stock.

Several other research analysts also recently commented on TEX. Raymond James initiated coverage on shares of Terex in a report on Friday, June 28th. They issued a market perform rating for the company. Jefferies Financial Group reduced their target price on Terex from $68.00 to $55.00 and set a hold rating for the company in a research report on Thursday, July 11th. Citigroup initiated coverage on shares of Terex in a research report on Wednesday, June 26th. They set a neutral rating and a $60.00 price objective on the stock. Truist Financial decreased their price target on shares of Terex from $73.00 to $68.00 and set a buy rating on the stock in a research note on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on Terex from $63.00 to $59.00 and set a neutral rating on the stock in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $64.33.

Terex Stock Down 4.1 %

Shares of NYSE TEX opened at $63.09 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.16 and a quick ratio of 1.06. The stock has a market capitalization of $4.25 billion, a PE ratio of 8.36 and a beta of 1.57. Terex has a one year low of $43.70 and a one year high of $66.85. The business’s fifty day moving average price is $56.77 and its 200-day moving average price is $58.70.

Terex (NYSE:TEX) last released its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.37 by $0.23. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.23 billion. Terex had a net margin of 9.87% and a return on equity of 30.53%. On average, equities research analysts anticipate that Terex will post 7.08 EPS for the current year.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Thursday, June 6th. Terex’s payout ratio is 9.01%.

Insider Transactions at Terex

In other news, VP Scott Posner sold 12,500 shares of Terex stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $60.48, for a total value of $756,000.00. Following the completion of the transaction, the vice president now owns 58,224 shares of the company’s stock, valued at approximately $3,521,387.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Terex news, CAO Stephen Johnston sold 3,239 shares of Terex stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $62.00, for a total value of $200,818.00. Following the completion of the sale, the chief accounting officer now owns 14,606 shares of the company’s stock, valued at approximately $905,572. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Scott Posner sold 12,500 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $60.48, for a total value of $756,000.00. Following the completion of the transaction, the vice president now owns 58,224 shares of the company’s stock, valued at approximately $3,521,387.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,929 shares of company stock valued at $1,958,307. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Terex

Large investors have recently bought and sold shares of the business. Raymond James & Associates lifted its stake in Terex by 1.1% during the 4th quarter. Raymond James & Associates now owns 32,419 shares of the industrial products company’s stock valued at $1,863,000 after acquiring an additional 356 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Terex by 5.3% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 8,077 shares of the industrial products company’s stock valued at $464,000 after purchasing an additional 407 shares during the last quarter. Pacer Advisors Inc. lifted its position in Terex by 126.8% during the fourth quarter. Pacer Advisors Inc. now owns 22,671 shares of the industrial products company’s stock valued at $1,303,000 after purchasing an additional 12,673 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Terex by 103.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 110,391 shares of the industrial products company’s stock worth $6,343,000 after purchasing an additional 56,169 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in Terex in the 4th quarter worth approximately $29,000. 92.88% of the stock is currently owned by institutional investors.

About Terex

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes 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 concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.