Terex Co. (NYSE:TEX) Receives $56.11 Average PT from Analysts

Terex Co. (NYSE:TEX) has received an average rating of “Hold” from the ten brokerages that are presently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $56.11.

TEX has been the topic of a number of analyst reports. StockNews.com cut shares of Terex from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Citigroup lowered their price objective on Terex from $57.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Evercore ISI cut their target price on Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Robert W. Baird lowered their price target on Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th.

Terex Stock Up 0.4 %

NYSE TEX opened at $42.43 on Thursday. Terex has a 52 week low of $41.68 and a 52 week high of $68.08. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $2.82 billion, a P/E ratio of 8.55, a price-to-earnings-growth ratio of 4.53 and a beta of 1.54. The stock’s 50-day moving average price is $45.97 and its 200-day moving average price is $50.67.

Terex (NYSE:TEX) last released its earnings results on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates 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 in the previous year, the business posted $1.88 EPS. On average, equities research analysts predict that Terex will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, March 7th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, March 7th. Terex’s dividend payout ratio (DPR) is presently 13.71%.

Insider Buying and Selling

In other Terex news, CEO Simon Meester sold 9,877 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total transaction of $505,109.78. Following the sale, the chief executive officer now directly owns 127,858 shares of the company’s stock, valued at $6,538,658.12. The trade was a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David A. Sachs acquired 10,000 shares of the stock in a transaction dated Wednesday, December 11th. The stock was bought at an average cost of $51.30 per share, with a total value of $513,000.00. Following the completion of the purchase, the director now directly owns 107,500 shares in the company, valued at approximately $5,514,750. The trade was a 10.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by company insiders.

Institutional Trading of Terex

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Neo Ivy Capital Management bought a new position in Terex during the fourth quarter valued at $29,000. Jones Financial Companies Lllp bought a new stake in shares of Terex in the 4th quarter worth about $31,000. Smartleaf Asset Management LLC boosted its stake in shares of Terex by 46.1% during 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. Wilmington Savings Fund Society FSB bought a new position in Terex during the 3rd quarter valued at about $40,000. Finally, Truvestments Capital LLC purchased a new stake in Terex in the 3rd quarter worth about $41,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

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.