Terex Co. (NYSE:TEX) Receives $64.67 Consensus Target Price from Brokerages

Shares of Terex Co. (NYSE:TEX) have received a consensus recommendation of “Hold” from the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $63.67.

TEX has been the topic of a number of research reports. Truist Financial decreased their target price on shares of Terex from $73.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Jefferies Financial Group dropped their target price on Terex from $68.00 to $55.00 and set a “hold” rating for the company in a research report on Thursday. UBS Group increased their target price on Terex from $62.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Citigroup began coverage on Terex in a research report on Wednesday, June 26th. They issued a “neutral” rating and a $60.00 target price for the company. Finally, JPMorgan Chase & Co. dropped their target price on Terex from $63.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th.

Insiders Place Their Bets

In other Terex news, insider Kieran Hegarty sold 17,190 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $58.26, for a total transaction of $1,001,489.40. Following the transaction, the insider now directly owns 200,029 shares in the company, valued at approximately $11,653,689.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Terex news, VP Scott Posner sold 12,500 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $60.48, for a total transaction of $756,000.00. Following the transaction, the vice president now directly owns 58,224 shares in the company, valued at approximately $3,521,387.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kieran Hegarty sold 17,190 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $58.26, for a total value of $1,001,489.40. Following the transaction, the insider now owns 200,029 shares in the company, valued at $11,653,689.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,929 shares of company stock worth $1,958,307. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Terex

Large investors have recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of Terex by 179.0% in the 4th quarter. Blue Trust Inc. now owns 466 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 299 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new position in shares of Terex in the 4th quarter worth $29,000. FinTrust Capital Advisors LLC lifted its holdings in shares of Terex by 202.2% in the 1st quarter. FinTrust Capital Advisors LLC now owns 695 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 465 shares in the last quarter. OLD Point Trust & Financial Services N A bought a new position in shares of Terex in the 4th quarter worth $61,000. Finally, Principal Securities Inc. bought a new position in shares of Terex in the 4th quarter worth $85,000. 92.88% of the stock is currently owned by institutional investors.

Terex Trading Up 0.6 %

Shares of TEX opened at $54.62 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.06 and a current ratio of 2.16. Terex has a 52-week low of $43.70 and a 52-week high of $65.89. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 7.23 and a beta of 1.57. The business’s fifty day moving average is $56.98 and its 200-day moving average is $58.55.

Terex (NYSE:TEX) last released its earnings results on Thursday, April 25th. The industrial products company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.23. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Terex had a return on equity of 30.53% and a net margin of 9.87%. Equities analysts anticipate that Terex will post 7.09 EPS for the current fiscal year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.68 annualized dividend and a dividend yield of 1.24%. 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.