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

Shares of Terex Co. (NYSE:TEX) have been given an average recommendation of “Hold” by the ten research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $48.44.

Several research analysts recently commented on TEX shares. Truist Financial cut their price objective on shares of Terex from $58.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday. Evercore ISI reduced their price target on Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Citigroup decreased their price objective on Terex from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday. StockNews.com lowered Terex from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Finally, UBS Group downgraded shares of Terex from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $49.00 to $32.00 in a report on Monday.

Insider Buying and Selling

In other news, Director Andra Rush bought 1,325 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the transaction, the director now directly owns 23,308 shares of the company’s stock, valued at $861,463.68. This represents a 6.03 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Terex

A number of hedge funds have recently made changes to their positions in TEX. Neo Ivy Capital Management bought a new position in shares of Terex during the 4th quarter valued at $29,000. Jones Financial Companies Lllp bought a new position in shares of Terex during the fourth quarter valued at about $31,000. Smartleaf Asset Management LLC increased its holdings in shares of Terex by 46.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock worth $32,000 after buying an additional 222 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Terex in the 3rd quarter valued at about $40,000. Finally, VisionPoint Advisory Group LLC purchased a new stake in Terex during the 4th quarter valued at about $51,000. 92.88% of the stock is currently owned by institutional investors.

Terex Price Performance

TEX opened at $34.11 on Friday. 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 moving average of $40.69 and a 200 day moving average of $47.23. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. The firm has a market cap of $2.26 billion, a P/E ratio of 6.88, a PEG ratio of 4.53 and a beta of 1.40.

Terex (NYSE:TEX) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same quarter last year, the company posted $1.88 earnings per share. On average, research analysts expect that Terex will post 4.83 EPS for the current year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend was Friday, March 7th. Terex’s dividend payout ratio (DPR) is currently 13.71%.

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.