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

Shares of Terex Co. (NYSE:TEX) have been assigned an average recommendation of “Hold” from the ten analysts that are covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $56.11.

A number of research analysts have issued reports on TEX shares. Truist Financial dropped their target price 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. Citigroup cut their price objective on Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. cut their price objective on Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Barclays cut their price objective on Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Finally, StockNews.com downgraded Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th.

Terex Price Performance

Shares of NYSE:TEX opened at $40.37 on Monday. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. The company has a market cap of $2.68 billion, a P/E ratio of 8.14, a PEG ratio of 4.53 and a beta of 1.56. Terex has a 52 week low of $36.15 and a 52 week high of $68.08. The company has a 50-day moving average price of $44.65 and a 200 day moving average price of $49.42.

Terex (NYSE:TEX) last issued its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the firm earned $1.88 earnings per share. Research analysts predict that Terex will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.68 annualized dividend and a yield of 1.68%. Terex’s dividend payout ratio (DPR) is presently 13.71%.

Insider Buying and Selling at Terex

In related news, Director Andra Rush acquired 1,325 shares of the stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of $36.96 per share, with a total value of $48,972.00. Following the purchase, the director now directly owns 23,308 shares of the company’s stock, valued at approximately $861,463.68. This represents a 6.03 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Terex

Institutional investors have recently added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D boosted its position in Terex by 10.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 35,207 shares of the industrial products company’s stock valued at $1,863,000 after buying an additional 3,223 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Terex in the 3rd quarter valued at about $615,000. Lingohr Asset Management GmbH boosted its position in Terex by 2.0% in the 3rd quarter. Lingohr Asset Management GmbH now owns 11,516 shares of the industrial products company’s stock valued at $607,000 after buying an additional 230 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Terex by 8.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 57,056 shares of the industrial products company’s stock valued at $3,019,000 after buying an additional 4,633 shares during the last quarter. Finally, Moran Wealth Management LLC boosted its position in Terex by 2.7% in the 3rd quarter. Moran Wealth Management LLC now owns 45,339 shares of the industrial products company’s stock valued at $2,399,000 after buying an additional 1,209 shares during the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

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.