Terex (NYSE:TEX) Price Target Cut to $52.00 by Analysts at Barclays

Terex (NYSE:TEX) had its price objective lowered by Barclays from $60.00 to $52.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the industrial products company’s stock.

Several other equities research analysts also recently issued reports on the company. Robert W. Baird lowered their price target on Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Citigroup cut their price target on Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. cut their target price on shares of Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. StockNews.com downgraded Terex from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Truist Financial dropped their price objective on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $56.11.

Terex Trading Down 0.6 %

Shares of NYSE:TEX opened at $44.49 on Monday. Terex has a 1-year low of $43.23 and a 1-year high of $68.08. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 4.53 and a beta of 1.54. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.16 and a current ratio of 2.16. The company has a 50 day moving average price of $47.48 and a 200 day moving average price of $51.80.

Terex (NYSE:TEX) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 EPS 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 in the previous year, the company earned $1.88 earnings per share. On average, research analysts anticipate that Terex will post 5.03 EPS for the current fiscal year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, March 7th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Friday, March 7th. Terex’s dividend payout ratio is presently 13.71%.

Insider Activity

In other news, CEO Simon Meester sold 9,877 shares of Terex 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 approximately $6,538,658.12. This trade represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. Sachs purchased 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of $49.75 per share, with a total value of $995,000.00. Following the completion of the purchase, the director now owns 137,500 shares of the company’s stock, valued at $6,840,625. This trade represents a 17.02 % increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is owned by corporate insiders.

Institutional Trading of Terex

A number of hedge funds and other institutional investors have recently modified their holdings of TEX. Jones Financial Companies Lllp acquired a new stake in Terex in the fourth quarter valued at $31,000. Smartleaf Asset Management LLC grew its position in Terex by 46.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 222 shares during the period. GAMMA Investing LLC lifted its stake in shares of Terex by 83.3% in the third quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock valued at $39,000 after buying an additional 335 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Terex during the third quarter worth $40,000. Finally, Truvestments Capital LLC purchased a new position in Terex during the third quarter worth about $41,000. Institutional investors own 92.88% of the company’s stock.

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.