Barclays Issues Pessimistic Forecast for Terex (NYSE:TEX) Stock Price

Terex (NYSE:TEX) had its price objective reduced by Barclays from $60.00 to $52.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an equal weight rating on the industrial products company’s stock.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their target price on shares of Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. StockNews.com cut Terex from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Robert W. Baird dropped their price objective on Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Citigroup decreased their target price on Terex from $57.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Finally, Truist Financial reduced their price target on shares of Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Terex currently has an average rating of “Hold” and a consensus price target of $56.11.

Terex Stock Down 1.7 %

Shares of TEX stock opened at $44.80 on Monday. Terex has a 52-week low of $43.23 and a 52-week high of $68.08. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 4.53 and a beta of 1.54. The firm’s 50-day moving average is $47.07 and its 200-day moving average is $51.60. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.16 and a current ratio of 2.16.

Terex (NYSE:TEX) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. Terex had a return on equity of 21.99% and a net margin of 6.54%. During the same quarter in the previous year, the firm earned $1.88 earnings per share. Sell-side analysts predict that Terex will post 5.03 EPS for the current year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, March 7th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.52%. Terex’s dividend payout ratio (DPR) is presently 13.71%.

Insider Activity

In other news, Director David A. Sachs acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average price of $51.30 per share, for a total transaction of $513,000.00. Following the completion of the purchase, the director now owns 107,500 shares in the company, valued at approximately $5,514,750. This trade represents a 10.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Simon Meester sold 9,877 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total value of $505,109.78. Following the completion of the sale, the chief executive officer now owns 127,858 shares in the company, valued at approximately $6,538,658.12. The trade was a 7.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Institutional Trading of Terex

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in Terex in the fourth quarter valued at $35,001,000. American Century Companies Inc. boosted its stake in shares of Terex by 8.4% in the 4th quarter. American Century Companies Inc. now owns 1,741,206 shares of the industrial products company’s stock valued at $80,479,000 after purchasing an additional 135,286 shares in the last quarter. Regents Gate Capital LLP bought a new stake in Terex in the fourth quarter worth $5,561,000. Point72 Asset Management L.P. purchased a new stake in Terex during the third quarter valued at about $4,283,000. Finally, Foundry Partners LLC bought a new position in shares of Terex during the third quarter valued at about $3,881,000. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Terex Company Profile

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.