Terex Co. (NYSE:TEX) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Terex Co. (NYSE:TEXGet Free Report) have received a consensus rating of “Hold” from the twelve analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $64.67.

Several research firms recently weighed in on TEX. Citigroup initiated coverage on shares of Terex in a research report on Wednesday, June 26th. They set a “neutral” rating and a $60.00 price target for the company. Raymond James began coverage on Terex in a research report on Friday, June 28th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. cut Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price target for the company. in a research report on Monday, March 18th. UBS Group increased their price objective on Terex from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Finally, Truist Financial lowered their target price on shares of Terex from $73.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd.

View Our Latest Research Report on Terex

Insider Transactions at Terex

In other Terex news, insider Kieran Hegarty sold 17,190 shares of Terex stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $58.26, for a total value of $1,001,489.40. Following the sale, the insider now owns 200,029 shares in the company, valued at $11,653,689.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Terex news, insider Kieran Hegarty sold 17,190 shares of Terex stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $58.26, for a total transaction of $1,001,489.40. Following the completion of the sale, the insider now directly owns 200,029 shares in the company, valued at $11,653,689.54. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Stephen Johnston sold 3,239 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $62.00, for a total transaction of $200,818.00. Following the completion of the sale, the chief accounting officer now directly owns 14,606 shares in the company, valued at $905,572. The disclosure for this sale can be found here. Insiders sold 32,929 shares of company stock worth $1,958,307 in the last 90 days. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Terex

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in Terex during the 4th quarter worth approximately $42,606,000. Greenhaven Associates Inc. boosted its holdings in Terex by 101.5% in 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 purchasing an additional 733,690 shares during the period. HM Payson & Co. acquired a new stake in Terex in the 1st quarter valued at about $24,429,000. American Century Companies Inc. boosted its stake in shares of Terex by 94.6% in the 3rd quarter. American Century Companies Inc. now owns 542,048 shares of the industrial products company’s stock valued at $31,233,000 after buying an additional 263,435 shares during the period. Finally, Allianz Asset Management GmbH grew its position in shares of Terex by 356.0% during the fourth quarter. Allianz Asset Management GmbH now owns 207,155 shares of the industrial products company’s stock worth $11,903,000 after buying an additional 161,729 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Terex Stock Performance

NYSE TEX opened at $51.69 on Wednesday. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 6.85 and a beta of 1.57. The stock has a 50-day moving average of $57.19 and a 200 day moving average of $58.65. The company has a current ratio of 2.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.42. Terex has a twelve month low of $43.70 and a twelve month high of $65.89.

Terex (NYSE:TEXGet Free Report) last announced its earnings results on Thursday, April 25th. The industrial products company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.23. Terex had a return on equity of 30.53% and a net margin of 9.87%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.23 billion. Sell-side analysts anticipate that Terex will post 7.09 EPS for the current fiscal year.

Terex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were issued a $0.17 dividend. The ex-dividend date was Thursday, June 6th. This represents a $0.68 annualized dividend and a yield of 1.32%. Terex’s payout ratio is 9.01%.

About Terex

(Get Free Report

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.

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Analyst Recommendations for Terex (NYSE:TEX)

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