Terex Corporation (NYSE:TEX) Receives $51.44 Average Price Target from Brokerages

Shares of Terex Corporation (NYSE:TEX) have been assigned an average rating of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $51.44.

TEX has been the subject of several recent research reports. Wall Street Zen raised Terex from a “sell” rating to a “hold” rating in a research report on Wednesday, May 21st. UBS Group raised their target price on Terex from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, July 10th. Truist Financial raised their price objective on Terex from $50.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, July 3rd. Citigroup cut their target price on Terex from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group raised Terex from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $45.00 to $60.00 in a research report on Tuesday, May 27th.

Insider Buying and Selling

In other Terex news, insider Joshua Gross sold 5,389 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $40.75, for a total value of $219,601.75. Following the transaction, the insider directly owned 38,755 shares in the company, valued at $1,579,266.25. This represents a 12.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Terex

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC grew its position in shares of Terex by 17.0% in the fourth quarter. FMR LLC now owns 8,782,287 shares of the industrial products company’s stock valued at $405,917,000 after purchasing an additional 1,272,920 shares during the period. Vanguard Group Inc. grew its holdings in Terex by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 6,749,354 shares of the industrial products company’s stock worth $254,991,000 after acquiring an additional 44,254 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Terex by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,050,434 shares of the industrial products company’s stock worth $115,247,000 after buying an additional 87,194 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Terex by 8.8% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,338,868 shares of the industrial products company’s stock valued at $88,362,000 after purchasing an additional 188,195 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Terex by 43.2% during the 4th quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company’s stock worth $89,247,000 after buying an additional 582,819 shares during the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Terex Stock Performance

Shares of NYSE TEX opened at $50.36 on Friday. The company has a quick ratio of 1.07, a current ratio of 2.11 and a debt-to-equity ratio of 1.40. The business’s 50 day moving average is $47.46 and its two-hundred day moving average is $43.39. The company has a market cap of $3.34 billion, a P/E ratio of 13.72, a P/E/G ratio of 5.06 and a beta of 1.58. Terex has a 12 month low of $31.53 and a 12 month high of $68.08.

Terex (NYSE:TEX) last posted its quarterly earnings data on Friday, May 2nd. The industrial products company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.26. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.26 billion. Terex had a return on equity of 18.79% and a net margin of 4.89%. The business’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.60 earnings per share. On average, equities analysts expect that Terex will post 4.83 EPS for the current year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Monday, August 11th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Monday, August 11th. Terex’s dividend payout ratio is 18.53%.

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.