Terex (NYSE:TEX) Price Target Lowered to $59.00 at Evercore ISI

Terex (NYSE:TEX) had its price target decreased by Evercore ISI from $63.00 to $59.00 in a research report report published on Wednesday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the industrial products company’s stock.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. lowered their price target on Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. StockNews.com lowered shares of Terex from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Citigroup dropped their price target on Terex from $57.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Truist Financial dropped their target price on Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Finally, Barclays lowered their price objective on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Terex presently has an average rating of “Hold” and a consensus target price of $56.11.

Terex Stock Performance

Shares of Terex stock opened at $47.22 on Wednesday. Terex has a 52 week low of $43.23 and a 52 week high of $68.08. The firm has a fifty day moving average of $46.49 and a two-hundred day moving average of $51.06. 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 stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 4.53 and a beta of 1.54.

Terex (NYSE:TEX) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping 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 quarter last year, the business posted $1.88 EPS. As a group, equities research analysts predict that Terex will post 4.83 EPS for the current year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Friday, March 7th. Terex’s payout ratio is presently 13.71%.

Insider Buying and Selling

In other news, CEO Simon Meester sold 9,877 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total value 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 approximately $6,538,658.12. The trade was a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David A. Sachs purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average cost of $51.30 per share, for a total transaction of $513,000.00. Following the completion of the transaction, the director now owns 107,500 shares of the company’s stock, valued at $5,514,750. This trade represents a 10.26 % increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Terex

A number of hedge funds have recently added to or reduced their stakes in the stock. Cascade Investment Advisors Inc. bought a new stake in Terex during the fourth quarter worth about $1,070,000. Chartwell Investment Partners LLC bought a new position in Terex in the third quarter valued at about $559,000. GSA Capital Partners LLP bought a new stake in shares of Terex during the 3rd quarter valued at approximately $615,000. Barclays PLC lifted its stake in Terex by 40.2% in the 3rd quarter. Barclays PLC now owns 129,250 shares of the industrial products company’s stock valued at $6,838,000 after purchasing an additional 37,072 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Terex during the third quarter worth $4,283,000. Institutional investors own 92.88% of the company’s stock.

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.