Terex (NYSE:TEX) Price Target Increased to $65.00 by Analysts at JPMorgan Chase & Co.

Terex (NYSE:TEX) had its target price boosted by JPMorgan Chase & Co. from $59.00 to $65.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the industrial products company’s stock.

Several other research analysts have also recently weighed in on TEX. Citigroup started coverage on shares of Terex in a research report on Wednesday, June 26th. They issued a neutral rating and a $60.00 price objective for the company. Robert W. Baird upped their target price on shares of Terex from $58.00 to $67.00 and gave the company a neutral rating in a research report on Monday, July 22nd. Truist Financial lowered their price objective on shares of Terex from $73.00 to $68.00 and set a buy rating for the company in a research report on Tuesday, July 2nd. Raymond James assumed coverage on shares of Terex in a research report on Friday, June 28th. They issued a market perform rating for the company. Finally, Jefferies Financial Group lowered their price objective on shares of Terex from $68.00 to $55.00 and set a hold rating for the company in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $64.33.

Terex Trading Up 1.6 %

Terex stock opened at $66.76 on Tuesday. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 8.84 and a beta of 1.57. The company’s fifty day moving average price is $56.99 and its two-hundred day moving average price is $58.81. Terex has a one year low of $43.70 and a one year high of $68.08. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.16 and a quick ratio of 1.06.

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

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.02%. Terex’s dividend payout ratio (DPR) is 9.01%.

Insider Buying and Selling at Terex

In other Terex news, insider Kieran Hegarty sold 17,190 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $58.26, for a total transaction of $1,001,489.40. Following the completion of the sale, the insider now owns 200,029 shares of the company’s stock, valued at approximately $11,653,689.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Terex news, insider Kieran Hegarty sold 17,190 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $58.26, for a total transaction of $1,001,489.40. Following the completion of the sale, the insider now directly owns 200,029 shares in the company, valued at approximately $11,653,689.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Stephen Johnston sold 3,239 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $62.00, for a total transaction of $200,818.00. Following the sale, the chief accounting officer now owns 14,606 shares of the company’s stock, valued at $905,572. The disclosure for this sale can be found here. Insiders sold 32,929 shares of company stock valued at $1,958,307 in the last quarter. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Terex

Institutional investors have recently made changes to their positions in the stock. Raymond James & Associates raised its position in shares of Terex by 1.1% during the fourth quarter. Raymond James & Associates now owns 32,419 shares of the industrial products company’s stock valued at $1,863,000 after buying an additional 356 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position 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 buying an additional 407 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of 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 buying an additional 12,673 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Terex by 103.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 110,391 shares of the industrial products company’s stock valued at $6,343,000 after buying an additional 56,169 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Terex during the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

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.