Terex Co. (NYSE:TEX) Receives Consensus Rating of “Hold” from Brokerages

Shares of Terex Co. (NYSE:TEX) have been given a consensus rating of “Hold” by the ten analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $58.78.

A number of brokerages have issued reports on TEX. The Goldman Sachs Group reduced their price objective on shares of Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, September 20th. JPMorgan Chase & Co. reduced their price target on shares of Terex from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. 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 report on Thursday, December 19th. Robert W. Baird reduced their target price on Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, Citigroup decreased their price target on Terex from $60.00 to $57.00 and set a “neutral” rating on the stock in a research note on Monday, September 23rd.

Insider Activity

In other Terex news, Director David A. Sachs purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were bought at an average price of $51.30 per share, for a total transaction of $513,000.00. Following the completion of the acquisition, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Simon Meester sold 9,877 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total transaction of $505,109.78. Following the completion of the sale, the chief executive officer now directly owns 127,858 shares in the company, valued at approximately $6,538,658.12. This represents 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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Greenwich Wealth Management LLC raised its holdings in Terex by 0.3% during the 3rd quarter. Greenwich Wealth Management LLC now owns 62,371 shares of the industrial products company’s stock worth $3,300,000 after purchasing an additional 181 shares during the last quarter. Dorsey Wright & Associates raised its stake in Terex by 0.3% during the second quarter. Dorsey Wright & Associates now owns 61,309 shares of the industrial products company’s stock worth $3,362,000 after buying an additional 186 shares during the last quarter. US Bancorp DE lifted its holdings in Terex by 4.0% in the third quarter. US Bancorp DE now owns 5,837 shares of the industrial products company’s stock valued at $309,000 after buying an additional 227 shares during the period. Lingohr Asset Management GmbH boosted its position in Terex by 2.0% during the third quarter. Lingohr Asset Management GmbH now owns 11,516 shares of the industrial products company’s stock valued at $607,000 after acquiring an additional 230 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its holdings in Terex by 4.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 5,575 shares of the industrial products company’s stock worth $295,000 after acquiring an additional 233 shares during the period. 92.88% of the stock is owned by institutional investors and hedge funds.

Terex Stock Up 2.2 %

NYSE TEX opened at $46.22 on Wednesday. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 6.75, a PEG ratio of 4.00 and a beta of 1.53. Terex has a 1-year low of $44.43 and a 1-year high of $68.08. The company has a current ratio of 2.39, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $51.66 and a 200-day moving average of $53.71.

Terex (NYSE:TEX) last released its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.16 billion. Terex had a return on equity of 24.92% and a net margin of 9.08%. The company’s revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.75 EPS. On average, equities research analysts expect that Terex will post 6.07 earnings per share for the current fiscal year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 8th were given a $0.17 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.68 annualized dividend and a yield of 1.47%. Terex’s dividend payout ratio is presently 9.93%.

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.