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

Shares of Terex Co. (NYSE:TEX) have been given a consensus recommendation of “Hold” by the ten analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $59.56.

A number of equities analysts have issued reports on the company. Citigroup decreased their price target on Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a research note on Monday, September 23rd. Robert W. Baird cut their price objective on Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Truist Financial increased their target price on Terex from $62.00 to $65.00 and gave the company a “buy” rating in a report on Monday, November 4th. Evercore ISI reduced their target price on Terex from $67.00 to $59.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Finally, JPMorgan Chase & Co. cut their price objective on Terex from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Monday, October 14th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased 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 purchasing an additional 187 shares in the last quarter. GAMMA Investing LLC grew its holdings in Terex by 83.3% during the 3rd quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 335 shares during the period. Farther Finance Advisors LLC grew its holdings in Terex by 74.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 504 shares during the period. International Assets Investment Management LLC acquired a new stake in Terex during the 2nd quarter worth $109,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in Terex during the 2nd quarter worth $111,000. Institutional investors own 92.88% of the company’s stock.

Terex Stock Performance

Shares of NYSE TEX opened at $55.58 on Tuesday. The stock has a fifty day moving average price of $53.15 and a two-hundred day moving average price of $55.79. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 2.39. The firm has a market cap of $3.71 billion, a P/E ratio of 8.11, a PEG ratio of 4.50 and a beta of 1.53. Terex has a 1 year low of $48.11 and a 1 year high of $68.08.

Terex (NYSE:TEX) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share (EPS) 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 analyst estimates of $1.16 billion. Terex had a return on equity of 24.92% and a net margin of 9.08%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the company posted $1.75 EPS. Research analysts forecast that Terex will post 6.07 EPS for the current fiscal year.

Terex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, November 8th. Terex’s payout ratio is presently 9.93%.

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.