Terex Co. (NYSE:TEX) Receives Consensus Rating of “Hold” from Analysts

Terex Co. (NYSE:TEX) has received a consensus recommendation of “Hold” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $47.33.

A number of research firms recently commented on TEX. JPMorgan Chase & Co. lowered their price target on Terex from $48.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday. UBS Group lowered shares of Terex from a “neutral” rating to a “sell” rating and dropped their price target for the company from $49.00 to $32.00 in a research report on Monday, April 7th. Citigroup cut their price target on shares of Terex from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group decreased their price objective on shares of Terex from $60.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. Finally, Truist Financial cut their target price on Terex from $58.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th.

Insider Buying and Selling at Terex

In other Terex news, Director Andra Rush purchased 1,325 shares of the stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $36.96 per share, with a total value of $48,972.00. Following the completion of the transaction, the director now directly owns 23,308 shares in the company, valued at approximately $861,463.68. This trade represents a 6.03 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. UMB Bank n.a. lifted its position in shares of Terex by 83.0% during the first quarter. UMB Bank n.a. now owns 732 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 332 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of Terex during the 4th quarter valued at $29,000. Jones Financial Companies Lllp purchased a new stake in Terex during the 4th quarter worth about $31,000. Smartleaf Asset Management LLC boosted its stake in Terex by 46.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 222 shares during the period. Finally, Fifth Third Bancorp grew its holdings in Terex by 88.1% during the 1st quarter. Fifth Third Bancorp now owns 905 shares of the industrial products company’s stock valued at $34,000 after buying an additional 424 shares in the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Terex Stock Performance

TEX opened at $34.54 on Friday. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 6.96, a PEG ratio of 4.53 and a beta of 1.40. The company’s fifty day moving average price is $39.95 and its two-hundred day moving average price is $46.88. Terex has a 1-year low of $31.53 and a 1-year high of $68.08. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41.

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

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.97%. The ex-dividend date was Friday, March 7th. Terex’s dividend payout ratio (DPR) is 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.