Terex Co. (NYSE:TEX) Given Average Recommendation of “Hold” by Analysts

Terex Co. (NYSE:TEX) has earned a consensus recommendation of “Hold” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $56.11.

Several research firms recently weighed in on TEX. Truist Financial dropped their price objective on shares of Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Barclays dropped their price objective on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Evercore ISI dropped their price objective on shares of Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price objective on shares of Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, Citigroup dropped their price objective on shares of Terex from $57.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th.

Terex Stock Performance

Shares of Terex stock opened at $40.37 on Monday. The firm has a market cap of $2.68 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of 4.53 and a beta of 1.56. The firm’s 50-day simple moving average is $44.65 and its 200-day simple moving average is $49.42. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. Terex has a 1 year low of $36.15 and a 1 year high of $68.08.

Terex (NYSE:TEX) last issued its 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 net margin of 6.54% and a return on equity of 21.99%. During the same period last year, the firm posted $1.88 EPS. Equities analysts forecast that Terex will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, March 7th. Terex’s dividend payout ratio (DPR) is presently 13.71%.

Insider Activity

In other Terex news, Director Andra Rush bought 1,325 shares of Terex stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the acquisition, the director now owns 23,308 shares of the company’s stock, valued at approximately $861,463.68. This represents a 6.03 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.90% of the company’s stock.

Institutional Trading of Terex

A number of large investors have recently added to or reduced their stakes in the business. Neo Ivy Capital Management purchased a new stake in shares of Terex in the 4th quarter valued at approximately $29,000. Jones Financial Companies Lllp purchased a new stake in shares of Terex in the 4th quarter valued at approximately $31,000. Smartleaf Asset Management LLC lifted its position in shares of Terex by 46.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 222 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Terex in the 3rd quarter valued at approximately $40,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Terex in the 3rd quarter valued at approximately $41,000. 92.88% of the stock is currently owned by institutional investors.

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.