Terex Co. (NYSE:TEX) Given Average Recommendation of “Hold” by Analysts

Terex Co. (NYSE:TEX) has earned an average recommendation of “Hold” from the twelve brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $65.08.

TEX has been the topic of several recent research reports. The Goldman Sachs Group increased their price target on shares of Terex from $52.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 13th. JPMorgan Chase & Co. downgraded shares of Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price target on the stock. in a research report on Monday, March 18th. Citigroup increased their price target on shares of Terex from $54.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. UBS Group downgraded shares of Terex from a “buy” rating to a “neutral” rating and raised their price objective for the company from $61.00 to $62.00 in a research report on Tuesday, February 13th. Finally, Truist Financial assumed coverage on shares of Terex in a research report on Thursday, March 14th. They set a “buy” rating and a $73.00 price objective on the stock.

Insider Buying and Selling

In related news, CEO John L. Garrison, Jr. sold 50,000 shares of Terex stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $64.28, for a total transaction of $3,214,000.00. Following the completion of the transaction, the chief executive officer now directly owns 315,483 shares of the company’s stock, valued at approximately $20,279,247.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Terex news, CEO John L. Garrison, Jr. sold 59,094 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $60.07, for a total value of $3,549,776.58. Following the completion of the sale, the chief executive officer now directly owns 380,834 shares of the company’s stock, valued at approximately $22,876,698.38. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO John L. Garrison, Jr. sold 50,000 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $64.28, for a total transaction of $3,214,000.00. Following the completion of the sale, the chief executive officer now directly owns 315,483 shares of the company’s stock, valued at $20,279,247.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 132,039 shares of company stock valued at $8,078,574. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Terex

Several large investors have recently added to or reduced their stakes in TEX. Norges Bank purchased a new stake in shares of Terex in the 4th quarter worth approximately $42,606,000. Greenhaven Associates Inc. lifted its position in Terex by 101.5% during the fourth quarter. Greenhaven Associates Inc. now owns 1,456,700 shares of the industrial products company’s stock valued at $83,702,000 after acquiring an additional 733,690 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in Terex during the third quarter valued at approximately $36,672,000. American Century Companies Inc. lifted its position in Terex by 94.6% during the third quarter. American Century Companies Inc. now owns 542,048 shares of the industrial products company’s stock valued at $31,233,000 after acquiring an additional 263,435 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its position in Terex by 356.0% during the fourth quarter. Allianz Asset Management GmbH now owns 207,155 shares of the industrial products company’s stock valued at $11,903,000 after acquiring an additional 161,729 shares during the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

Terex Trading Down 1.3 %

Shares of TEX stock opened at $59.83 on Friday. Terex has a 12-month low of $42.50 and a 12-month high of $65.89. The company has a current ratio of 2.01, a quick ratio of 0.95 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $59.97 and its 200 day moving average is $56.23. The stock has a market capitalization of $4.03 billion, a P/E ratio of 7.88, a P/E/G ratio of 0.61 and a beta of 1.64.

Terex (NYSE:TEX) last issued its earnings results on Friday, February 9th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.41. Terex had a net margin of 10.06% and a return on equity of 32.89%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the company posted $1.34 earnings per share. The firm’s quarterly revenue was up .4% on a year-over-year basis. Research analysts expect that Terex will post 6.95 earnings per share for the current year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.14%. Terex’s dividend payout ratio is presently 8.96%.

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.