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

Shares of Terex Co. (NYSE:TEX) have earned an average recommendation of “Hold” from the eleven analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $61.20.

A number of research analysts have issued reports on TEX shares. Citigroup began coverage on Terex in a research note on Wednesday, June 26th. They issued a “neutral” rating and a $60.00 price objective for the company. Raymond James began coverage on shares of Terex in a report on Friday, June 28th. They set a “market perform” rating for the company. The Goldman Sachs Group dropped their target price on shares of Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday. Robert W. Baird raised their price target on shares of Terex from $58.00 to $67.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Finally, Evercore ISI dropped their price objective on Terex from $67.00 to $59.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th.

Insiders Place Their Bets

In related news, Director Andra Rush bought 2,205 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of $54.36 per share, for a total transaction of $119,863.80. Following the purchase, the director now directly owns 21,983 shares in the company, valued at $1,194,995.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TEX. Norges Bank purchased a new position in shares of Terex during the fourth quarter worth about $42,606,000. UBS Group AG grew its stake in Terex by 83.3% in the 4th quarter. UBS Group AG now owns 147,149 shares of the industrial products company’s stock worth $8,455,000 after buying an additional 66,889 shares in the last quarter. Congress Wealth Management LLC DE bought a new position in shares of Terex in the 4th quarter worth $289,000. Hsbc Holdings PLC raised its position in shares of Terex by 22.8% during the 4th quarter. Hsbc Holdings PLC now owns 19,645 shares of the industrial products company’s stock valued at $1,133,000 after buying an additional 3,648 shares in the last quarter. Finally, Chesapeake Capital Corp IL bought a new stake in shares of Terex during the 4th quarter worth $429,000. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Terex Stock Down 3.7 %

Terex stock opened at $51.86 on Monday. Terex has a fifty-two week low of $43.70 and a fifty-two week high of $68.08. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 2.21. The firm’s 50-day simple moving average is $55.96 and its 200 day simple moving average is $57.84. The stock has a market cap of $3.47 billion, a PE ratio of 6.87, a price-to-earnings-growth ratio of 3.61 and a beta of 1.53.

Terex (NYSE:TEX) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.10. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.43 billion. Terex had a return on equity of 27.89% and a net margin of 9.55%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.35 EPS. Research analysts predict that Terex will post 7.21 EPS for the current fiscal year.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 9th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.68 dividend on an annualized basis and a yield of 1.31%. Terex’s payout ratio is 9.01%.

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.