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

Shares of Terex Co. (NYSE:TEX) have received an average recommendation of “Hold” from the ten analysts that are presently covering the stock, MarketBeat 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 price objective among brokerages that have issued ratings on the stock in the last year is $56.11.

A number of research firms have recently issued reports on TEX. Citigroup dropped 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 lowered their target price on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Evercore ISI lowered their target price on shares of Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Truist Financial reduced their price target on shares of Terex from $65.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th.

Insider Buying and Selling at Terex

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 purchased 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 of the company’s stock, valued at approximately $5,514,750. This represents a 10.26 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Simon Meester sold 9,877 shares of the company’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 owns 127,858 shares of the company’s stock, valued at $6,538,658.12. This represents a 7.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Cascade Investment Advisors Inc. bought a new position in Terex in the 4th quarter worth $1,070,000. Chartwell Investment Partners LLC bought a new stake in Terex in the 3rd quarter valued at $559,000. GSA Capital Partners LLP bought a new position in shares of Terex during the 3rd quarter worth about $615,000. Barclays PLC lifted its stake in shares of Terex by 40.2% in the third quarter. Barclays PLC now owns 129,250 shares of the industrial products company’s stock valued at $6,838,000 after buying an additional 37,072 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in shares of Terex in the third quarter valued at about $4,283,000. 92.88% of the stock is owned by institutional investors.

Terex Trading Down 2.8 %

NYSE TEX opened at $41.99 on Thursday. The company has a market cap of $2.79 billion, a P/E ratio of 8.47, a P/E/G ratio of 4.53 and a beta of 1.54. The company has a 50-day moving average of $46.14 and a 200-day moving average of $50.81. Terex has a 12 month low of $41.87 and a 12 month high of $68.08. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09.

Terex (NYSE:TEX) last posted its earnings results 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 net margin of 6.54% and a return on equity of 21.99%. During the same quarter in the prior year, the firm posted $1.88 earnings per share. As a group, equities analysts predict that Terex will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Friday, March 7th. Terex’s payout ratio is 13.71%.

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.