Terex Co. (NYSE:TEX) Receives Average Recommendation of “Hold” from Analysts

Terex Co. (NYSE:TEX) has received a consensus rating of “Hold” from the eleven research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $63.30.

A number of research firms have recently issued reports on TEX. Jefferies Financial Group reduced their price target on shares of Terex from $68.00 to $55.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. Evercore ISI decreased their price target on Terex from $67.00 to $59.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. The Goldman Sachs Group lifted their price objective on Terex from $64.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Citigroup began coverage on Terex in a research note on Wednesday, June 26th. They set a “neutral” rating and a $60.00 target price on the stock. Finally, UBS Group raised their target price on Terex from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st.

Insiders Place Their Bets

In other news, Director Andra Rush purchased 2,205 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were bought at an average price of $54.36 per share, with a total value of $119,863.80. Following the completion of the transaction, the director now directly owns 21,983 shares in the company, valued at approximately $1,194,995.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Terex

A number of large investors have recently bought and sold shares of TEX. Blue Trust Inc. raised its holdings in shares of Terex by 57.5% in the second quarter. Blue Trust Inc. now owns 512 shares of the industrial products company’s stock valued at $28,000 after buying an additional 187 shares during the last quarter. FinTrust Capital Advisors LLC lifted its position in Terex by 202.2% during the 1st quarter. FinTrust Capital Advisors LLC now owns 695 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 465 shares during the period. OLD Point Trust & Financial Services N A acquired a new position in shares of Terex in the fourth quarter valued at approximately $61,000. Principal Securities Inc. acquired a new position in shares of Terex in the fourth quarter valued at approximately $85,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Terex during the second quarter worth approximately $109,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex Trading Up 0.5 %

Shares of TEX stock opened at $55.38 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 2.21. The stock’s fifty day moving average is $56.20 and its two-hundred day moving average is $58.19. Terex has a fifty-two week low of $43.70 and a fifty-two week high of $68.08. The firm has a market capitalization of $3.73 billion, a P/E ratio of 7.34, a PEG ratio of 3.64 and a beta of 1.57.

Terex (NYSE:TEX) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.10. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.43 billion. Terex had a return on equity of 27.89% and a net margin of 9.55%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.35 earnings per share. Research analysts expect that Terex will post 7.22 earnings per share for the current fiscal year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, August 9th will be paid a $0.17 dividend. The ex-dividend date is Friday, August 9th. This represents a $0.68 annualized dividend and a yield of 1.23%. Terex’s dividend payout ratio is presently 9.01%.

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.