Terex Co. (NYSE:TEX) Receives Average Recommendation of “Hold” from Brokerages

Shares of Terex Co. (NYSE:TEX) have been given an average rating of “Hold” by the eleven brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $46.40.

A number of research firms have recently weighed in on TEX. Evercore ISI lowered their price target on shares of Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. JPMorgan Chase & Co. increased their target price on shares of Terex from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Monday. UBS Group lowered Terex from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $49.00 to $32.00 in a research note on Monday, April 7th. Morgan Stanley dropped their price objective on Terex from $43.00 to $30.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Finally, Truist Financial boosted their target price on Terex from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday.

Terex Price Performance

Shares of TEX opened at $40.49 on Tuesday. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 8.16, a price-to-earnings-growth ratio of 4.53 and a beta of 1.52. Terex has a fifty-two week low of $31.53 and a fifty-two week high of $68.08. The firm has a 50-day simple moving average of $37.44 and a 200-day simple moving average of $45.07. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16.

Terex (NYSE:TEX) last announced its earnings results on Friday, May 2nd. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.26. Terex had a return on equity of 21.99% and a net margin of 6.54%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the business posted $1.60 EPS. The company’s revenue was down 4.9% on a year-over-year basis. On average, equities research analysts anticipate that Terex will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th were issued a $0.17 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.68%. Terex’s dividend payout ratio (DPR) is 18.53%.

Insiders Place Their Bets

In other Terex news, Director Andra Rush acquired 1,325 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the acquisition, the director now directly owns 23,308 shares of the company’s stock, valued at $861,463.68. This trade represents a 6.03 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Terex

Large investors have recently added to or reduced their stakes in the business. UMB Bank n.a. increased its stake in shares of Terex by 83.0% during the 1st quarter. UMB Bank n.a. now owns 732 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 332 shares during the last quarter. Neo Ivy Capital Management acquired a new position in Terex during the fourth quarter worth approximately $29,000. Private Trust Co. NA raised its stake in Terex by 128.0% during the first quarter. Private Trust Co. NA now owns 773 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 434 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of Terex in the 4th quarter valued at $31,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of Terex by 46.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock valued at $32,000 after buying an additional 222 shares during the period. 92.88% of the stock is currently 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.