Terex (NYSE:TEX) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of Terex (NYSE:TEX) from a sell rating to a hold rating in a research report released on Monday morning.

Other analysts have also issued reports about the stock. Morgan Stanley decreased their price target on shares of Terex from $43.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Citigroup lowered their target price on shares of Terex from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Barclays reduced their price target on Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Evercore ISI lowered their price objective on Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Finally, Truist Financial upped their target price on Terex from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $46.40.

Terex Stock Performance

Terex stock opened at $40.49 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. Terex has a twelve month low of $31.53 and a twelve month high of $68.08. The company’s 50-day moving average price is $37.44 and its 200-day moving average price is $45.07. The company has a market cap of $2.68 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 4.53 and a beta of 1.52.

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

Terex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, March 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.68%. Terex’s dividend payout ratio is presently 18.53%.

Insider Activity

In other Terex news, Director Andra Rush purchased 1,325 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the purchase, the director now directly owns 23,308 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Terex

Large investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Terex in the fourth quarter worth $59,179,000. FMR LLC grew its stake in Terex by 17.0% during the 4th quarter. FMR LLC now owns 8,782,287 shares of the industrial products company’s stock worth $405,917,000 after purchasing an additional 1,272,920 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in Terex by 94.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,150,673 shares of the industrial products company’s stock worth $99,404,000 after purchasing an additional 1,046,600 shares during the period. Norges Bank acquired a new stake in Terex in the 4th quarter valued at about $35,001,000. Finally, First Trust Advisors LP boosted its stake in shares of Terex by 43.2% in the 4th quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company’s stock valued at $89,247,000 after buying an additional 582,819 shares during the period. 92.88% of the stock is owned by hedge funds and other institutional investors.

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.