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

Terex Co. (NYSE:TEX) has received an average rating of “Hold” from the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $65.08.

Several research firms recently issued reports on TEX. Citigroup lifted their price objective on shares of Terex from $54.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Evercore ISI dropped their target price on shares of Terex from $65.00 to $63.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. Truist Financial started coverage on shares of Terex in a report on Thursday, March 14th. They set a “buy” rating and a $73.00 price objective on the stock. Bank of America restated an “underperform” rating and set a $57.00 price objective on shares of Terex in a report on Friday, January 19th. Finally, JPMorgan Chase & Co. downgraded shares of Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price objective on the stock. in a report on Monday, March 18th.

Insider Transactions at Terex

In other news, CEO John L. Garrison, Jr. sold 50,000 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was 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 owns 315,483 shares in the company, valued at $20,279,247.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO John L. Garrison, Jr. sold 59,094 shares of Terex stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $60.07, for a total transaction 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 $22,876,698.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO John L. Garrison, Jr. sold 50,000 shares of Terex stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $64.28, for a total value of $3,214,000.00. Following 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. Insiders sold a total of 132,039 shares of company stock worth $8,078,574 over the last 90 days. 1.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC boosted its position in shares of Terex by 3.9% during the third quarter. FMR LLC now owns 2,691,767 shares of the industrial products company’s stock worth $155,100,000 after buying an additional 102,193 shares during the period. Dimensional Fund Advisors LP raised its holdings in Terex by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,675,548 shares of the industrial products company’s stock worth $153,742,000 after acquiring an additional 78,362 shares in the last quarter. Greenhaven Associates Inc. raised its holdings 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 worth $83,702,000 after acquiring an additional 733,690 shares in the last quarter. AQR Capital Management LLC raised its holdings in Terex by 9.3% during the third quarter. AQR Capital Management LLC now owns 1,137,753 shares of the industrial products company’s stock worth $65,557,000 after acquiring an additional 96,834 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Terex by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 921,985 shares of the industrial products company’s stock worth $52,977,000 after acquiring an additional 42,364 shares in the last quarter. 92.88% of the stock is owned by institutional investors and hedge funds.

Terex Stock Down 1.3 %

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

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

Terex Dividend Announcement

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