Terex Co. (NYSE:TEX) Given Average Rating of “Hold” by Brokerages

Terex Co. (NYSE:TEX) has earned a consensus rating of “Hold” from the ten analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $58.78.

TEX has been the topic of several research reports. Robert W. Baird cut their price objective on shares of Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. JPMorgan Chase & Co. dropped their target price on Terex from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Citigroup reduced their price target on Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a research report on Monday, September 23rd. Truist Financial lowered their price objective on shares of Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Finally, The Goldman Sachs Group reduced their target price on shares of Terex from $72.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, September 20th.

Insiders Place Their Bets

In other Terex news, CEO Simon Meester sold 9,877 shares of the firm’s 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 $6,538,658.12. This trade represents a 7.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David A. Sachs acquired 20,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was bought at an average price of $49.75 per share, for a total transaction of $995,000.00. Following the completion of the acquisition, the director now owns 137,500 shares of the company’s stock, valued at approximately $6,840,625. The trade was a 17.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TEX. Chartwell Investment Partners LLC acquired a new position in shares of Terex in the third quarter valued at approximately $559,000. Edgestream Partners L.P. grew its holdings in Terex by 181.6% in the 2nd quarter. Edgestream Partners L.P. now owns 68,898 shares of the industrial products company’s stock valued at $3,778,000 after buying an additional 44,432 shares in the last quarter. GSA Capital Partners LLP bought a new position in Terex during the 3rd quarter worth $615,000. AQR Capital Management LLC increased its position in Terex by 18.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,837,563 shares of the industrial products company’s stock worth $99,045,000 after buying an additional 285,750 shares during the period. Finally, Barclays PLC boosted its position in shares of Terex by 40.2% in the third quarter. Barclays PLC now owns 129,250 shares of the industrial products company’s stock valued at $6,838,000 after acquiring an additional 37,072 shares during the period. 92.88% of the stock is owned by institutional investors.

Terex Stock Up 2.2 %

Shares of Terex stock opened at $46.22 on Wednesday. Terex has a 1 year low of $44.43 and a 1 year high of $68.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.16. The company has a market capitalization of $3.09 billion, a P/E ratio of 6.75, a price-to-earnings-growth ratio of 4.00 and a beta of 1.53. The business has a 50-day moving average of $51.66 and a two-hundred day moving average of $53.71.

Terex (NYSE:TEX) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.31 by $0.15. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.16 billion. Terex had a net margin of 9.08% and a return on equity of 24.92%. The business’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. As a group, equities analysts predict that Terex will post 6.07 EPS for the current year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 8th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Friday, November 8th. Terex’s payout ratio is currently 9.93%.

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.