Terex Co. (NYSE:TEX) Receives $56.11 Average PT from Brokerages

Terex Co. (NYSE:TEX) has received an average rating of “Hold” from the ten ratings firms that are covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $56.11.

Several research analysts recently issued reports on the company. Evercore ISI dropped their price objective on Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price target on Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. StockNews.com lowered Terex from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Truist Financial lowered their price objective on shares of Terex from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Finally, Citigroup cut their target price on shares of Terex from $57.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th.

Terex Stock Up 0.4 %

Shares of TEX opened at $42.43 on Thursday. The firm has a fifty day moving average price of $45.97 and a 200-day moving average price of $50.67. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $2.82 billion, a P/E ratio of 8.55, a P/E/G ratio of 4.53 and a beta of 1.54. Terex has a 12-month low of $41.68 and a 12-month high of $68.08.

Terex (NYSE:TEX) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same period in the previous year, the business posted $1.88 earnings per share. Equities research analysts expect that Terex will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Friday, March 7th. Terex’s payout ratio is 13.71%.

Insider Transactions at Terex

In other Terex news, Director David A. Sachs purchased 20,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was bought at an average cost of $49.75 per share, for a total transaction of $995,000.00. Following the completion of the purchase, the director now owns 137,500 shares in the company, valued at $6,840,625. This represents a 17.02 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Simon Meester sold 9,877 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total value of $505,109.78. Following the sale, the chief executive officer now owns 127,858 shares in the company, valued at $6,538,658.12. The trade was a 7.17 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Terex

Several hedge funds and other institutional investors have recently modified their holdings of TEX. Creative Planning increased its stake in Terex by 15.4% during the 3rd quarter. Creative Planning now owns 19,998 shares of the industrial products company’s stock valued at $1,058,000 after purchasing an additional 2,664 shares in the last quarter. Blue Trust Inc. increased its position in shares of Terex by 89.3% in the 3rd quarter. Blue Trust Inc. now owns 969 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 457 shares during the period. Greenleaf Trust raised its stake in Terex by 7.3% in the 3rd quarter. Greenleaf Trust now owns 4,203 shares of the industrial products company’s stock worth $222,000 after acquiring an additional 286 shares during the last quarter. International Assets Investment Management LLC raised its stake in Terex by 105.0% in the 3rd quarter. International Assets Investment Management LLC now owns 4,074 shares of the industrial products company’s stock worth $216,000 after acquiring an additional 2,087 shares during the last quarter. Finally, E. Ohman J or Asset Management AB lifted its position in Terex by 11.5% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 34,448 shares of the industrial products company’s stock worth $1,823,000 after acquiring an additional 3,551 shares during the period. 92.88% of the stock is 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.