Terex Co. (TEX) To Go Ex-Dividend on March 7th

Terex Co. (NYSE:TEX) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Investors of record on Friday, March 7th will be given a dividend of 0.17 per share by the industrial products company on Wednesday, March 19th. This represents a $0.68 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Friday, March 7th.

Terex has increased its dividend payment by an average of 12.3% per year over the last three years. Terex has a payout ratio of 11.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Terex to earn $6.08 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 11.2%.

Terex Price Performance

NYSE TEX opened at $44.66 on Friday. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $2.98 billion, a P/E ratio of 9.00, a P/E/G ratio of 4.53 and a beta of 1.54. Terex has a 12-month low of $43.50 and a 12-month high of $68.08. The firm’s fifty day simple moving average is $47.69 and its two-hundred day simple moving average is $52.12.

Terex (NYSE:TEX) last issued its quarterly 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 return on equity of 21.99% and a net margin of 6.54%. During the same quarter in the previous year, the company posted $1.88 earnings per share. Analysts forecast that Terex will post 5.03 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director David A. Sachs bought 20,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $49.75 per share, for a total transaction of $995,000.00. Following the completion of the transaction, the director now directly owns 137,500 shares in the company, valued at $6,840,625. The trade was a 17.02 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $505,109.78. Following the sale, the chief executive officer now 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 disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Robert W. Baird cut their price target on shares of Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. StockNews.com cut shares of Terex from a “hold” rating to a “sell” rating in a report on Friday. Truist Financial lowered their price target on shares of Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Citigroup reduced their price objective on Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lowered their target price on Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $56.63.

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.