Terex Co. (NYSE:TEX) Director Acquires $48,972.00 in Stock

Terex Co. (NYSE:TEX) Director Andra Rush bought 1,325 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $36.96 per share, with a total value of $48,972.00. Following the transaction, the director now owns 23,308 shares in the company, valued at $861,463.68. This trade represents a 6.03 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Terex Trading Up 3.1 %

Terex stock traded up $1.21 during trading hours on Thursday, hitting $40.28. The company had a trading volume of 400,016 shares, compared to its average volume of 883,611. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. The firm has a market cap of $2.67 billion, a P/E ratio of 8.15, a P/E/G ratio of 4.53 and a beta of 1.56. The company has a 50-day moving average price of $45.51 and a two-hundred day moving average price of $50.25. Terex Co. has a 1 year low of $36.15 and a 1 year high of $68.08.

Terex (NYSE:TEX) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the company earned $1.88 EPS. On average, sell-side analysts anticipate that Terex Co. will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, March 7th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Friday, March 7th. Terex’s dividend payout ratio (DPR) is presently 13.71%.

Analysts Set New Price Targets

Several brokerages recently commented on TEX. Truist Financial cut their price objective on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Evercore ISI reduced their price target on shares of Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Citigroup lowered their price objective on shares of Terex from $57.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Barclays reduced their target price on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. decreased their target price on Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Terex currently has an average rating of “Hold” and an average price target of $56.11.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Neo Ivy Capital Management bought a new position in shares of Terex during the fourth quarter valued at approximately $29,000. Jones Financial Companies Lllp bought a new stake in Terex during the 4th quarter valued at $31,000. Smartleaf Asset Management LLC boosted its position in Terex by 46.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 222 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Terex in the 3rd quarter valued at $40,000. Finally, Truvestments Capital LLC bought a new position in shares of Terex in the 3rd quarter worth $41,000. 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.