Terex (NYSE:TEX) Price Target Lowered to $52.00 at JPMorgan Chase & Co.

Terex (NYSE:TEX) had its target price trimmed by JPMorgan Chase & Co. from $59.00 to $52.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the industrial products company’s stock.

A number of other research analysts have also recently issued reports on TEX. Citigroup reduced their price objective on shares of Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a report on Monday, September 23rd. Robert W. Baird lowered their price objective on Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. The Goldman Sachs Group cut their target price on Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a research report on Friday, September 20th. Finally, Truist Financial lowered their price target on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $56.67.

Terex Stock Performance

Shares of Terex stock opened at $47.58 on Tuesday. The business has a 50-day simple moving average of $49.76 and a 200 day simple moving average of $53.02. Terex has a one year low of $43.50 and a one year high of $68.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.16. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 6.95, a PEG ratio of 4.01 and a beta of 1.55.

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

Insider Buying and Selling at Terex

In related news, Director David A. Sachs purchased 20,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $49.75 per share, with a total value of $995,000.00. Following the acquisition, the director now owns 137,500 shares of the company’s stock, valued at $6,840,625. This trade represents a 17.02 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Simon Meester sold 9,877 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total value of $505,109.78. Following the completion of the transaction, the chief executive officer now owns 127,858 shares in the company, valued at approximately $6,538,658.12. The trade was a 7.17 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Terex

Several hedge funds have recently made changes to their positions in TEX. Envestnet Asset Management Inc. increased its holdings in Terex by 10.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 100,408 shares of the industrial products company’s stock worth $5,506,000 after acquiring an additional 9,530 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Terex by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,812,383 shares of the industrial products company’s stock worth $154,224,000 after purchasing an additional 109,885 shares during the period. Edgestream Partners L.P. boosted its position in Terex by 181.6% during the second quarter. Edgestream Partners L.P. now owns 68,898 shares of the industrial products company’s stock worth $3,778,000 after purchasing an additional 44,432 shares during the period. Hsbc Holdings PLC increased its stake in shares of Terex by 177.4% in the second quarter. Hsbc Holdings PLC now owns 14,670 shares of the industrial products company’s stock worth $799,000 after purchasing an additional 9,382 shares in the last quarter. Finally, Kendall Capital Management raised its position in shares of Terex by 47.6% in the second quarter. Kendall Capital Management now owns 8,305 shares of the industrial products company’s stock valued at $455,000 after purchasing an additional 2,680 shares during the period. 92.88% of the stock is currently owned by institutional investors.

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.