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

Shares of Terex Co. (NYSE:TEX) have been assigned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $58.78.

Several research firms have weighed in on TEX. The Goldman Sachs Group reduced their target price on Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, September 20th. Robert W. Baird cut their price objective on Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Truist Financial lowered their target price on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Citigroup cut their price target on shares of Terex from $60.00 to $57.00 and set a “neutral” rating on the stock in a research note on Monday, September 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Terex from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Monday, October 14th.

Insiders Place Their Bets

In other Terex news, CEO Simon Meester sold 9,877 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were 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 approximately $6,538,658.12. This represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David A. Sachs acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average cost of $51.30 per share, with a total value of $513,000.00. Following the transaction, the director now owns 107,500 shares in the company, valued at approximately $5,514,750. This trade represents a 10.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Terex

Several hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. increased its position in Terex by 1.0% during the third quarter. Franklin Resources Inc. now owns 81,450 shares of the industrial products company’s stock worth $4,512,000 after buying an additional 795 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Terex during the 3rd quarter worth approximately $40,000. Sanctuary Advisors LLC raised its stake in Terex by 7.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 10,610 shares of the industrial products company’s stock valued at $571,000 after acquiring an additional 717 shares during the period. Virtu Financial LLC acquired a new stake in Terex during the 3rd quarter valued at $704,000. Finally, Invst LLC bought a new position in Terex during the third quarter worth $206,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Terex Price Performance

Shares of TEX opened at $45.75 on Wednesday. The stock has a market cap of $3.06 billion, a P/E ratio of 6.68, a price-to-earnings-growth ratio of 4.00 and a beta of 1.53. Terex has a 1 year low of $44.04 and a 1 year high of $68.08. The stock’s 50-day moving average price is $51.05 and its two-hundred day moving average price is $53.49. The company has a current ratio of 2.39, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32.

Terex (NYSE:TEX) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.15. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.16 billion. Terex had a net margin of 9.08% and a return on equity of 24.92%. Terex’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.75 EPS. On average, equities analysts predict that Terex will post 6.07 earnings per share for the current year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 8th were paid a $0.17 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.68 annualized dividend and a yield of 1.49%. Terex’s payout ratio is currently 9.93%.

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.