Terex (NYSE:TEX) Given New $55.00 Price Target at Jefferies Financial Group

Terex (NYSE:TEX) had its price target reduced by Jefferies Financial Group from $68.00 to $55.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have a hold rating on the industrial products company’s stock.

Other research analysts have also issued research reports about the stock. Citigroup initiated coverage on shares of Terex in a research note on Wednesday, June 26th. They set a neutral rating and a $60.00 target price for the company. Truist Financial dropped their target price on shares of Terex from $73.00 to $68.00 and set a buy rating for the company in a report on Tuesday, July 2nd. UBS Group upped their price target on Terex from $62.00 to $64.00 and gave the stock a neutral rating in a research note on Tuesday, May 21st. JPMorgan Chase & Co. dropped their price objective on Terex from $63.00 to $59.00 and set a neutral rating for the company in a research note on Wednesday, July 10th. Finally, Raymond James started coverage on Terex in a research note on Friday, June 28th. They set a market perform rating on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Terex has an average rating of Hold and a consensus target price of $63.67.

Terex Stock Up 0.6 %

TEX stock opened at $54.62 on Thursday. Terex has a one year low of $43.70 and a one year high of $65.89. The firm has a market cap of $3.68 billion, a PE ratio of 7.23 and a beta of 1.57. The firm’s 50 day moving average price is $56.98 and its 200-day moving average price is $58.55. 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 (NYSE:TEX) last posted its earnings results on Thursday, April 25th. The industrial products company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.23. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.23 billion. Terex had a return on equity of 30.53% and a net margin of 9.87%. On average, equities research analysts anticipate that Terex will post 7.09 EPS for the current year.

Terex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were issued a $0.17 dividend. The ex-dividend date was Thursday, June 6th. This represents a $0.68 annualized dividend and a yield of 1.24%. Terex’s dividend payout ratio (DPR) is 9.01%.

Insiders Place Their Bets

In other news, VP Scott Posner sold 12,500 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $60.48, for a total value of $756,000.00. Following the sale, the vice president now directly owns 58,224 shares in the company, valued at approximately $3,521,387.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Kieran Hegarty sold 17,190 shares of the company’s 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 completion of the transaction, the insider now directly owns 200,029 shares of the company’s stock, valued at $11,653,689.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Scott Posner sold 12,500 shares of the firm’s 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 sale, the vice president now directly owns 58,224 shares in the company, valued at approximately $3,521,387.52. The disclosure for this sale can be found here. Insiders sold 32,929 shares of company stock worth $1,958,307 in the last 90 days. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TEX. Neo Ivy Capital Management acquired a new position in Terex in the third quarter valued at $204,000. American Century Companies Inc. grew its stake in Terex by 94.6% during the 3rd quarter. American Century Companies Inc. now owns 542,048 shares of the industrial products company’s stock worth $31,233,000 after buying an additional 263,435 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in Terex by 93.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 23,145 shares of the industrial products company’s stock worth $1,333,000 after buying an additional 11,201 shares during the period. Diversified Trust Co purchased a new stake in Terex in the fourth quarter valued at approximately $202,000. Finally, Curated Wealth Partners LLC boosted its holdings in shares of Terex by 48.1% in the fourth quarter. Curated Wealth Partners LLC now owns 176,922 shares of the industrial products company’s stock valued at $10,166,000 after acquiring an additional 57,500 shares during the period. Institutional investors and hedge funds own 92.88% of the company’s stock.

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.