Terex (NYSE:TEX) Upgraded by Baird R W to "Strong-Buy" Rating

Terex (NYSE:TEX - Get Free Report) was upgraded by equities research analysts at Baird R W from a "hold" rating to a "strong-buy" rating in a note issued to investors on Tuesday, May 13th,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Morgan Stanley dropped their target price on shares of Terex from $43.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. UBS Group lowered Terex from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $49.00 to $32.00 in a report on Monday, April 7th. Robert W. Baird raised Terex from a "neutral" rating to an "outperform" rating and upped their price target for the company from $48.00 to $66.00 in a report on Tuesday, May 13th. Citigroup reduced their price objective on Terex from $45.00 to $36.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, StockNews.com downgraded shares of Terex from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Terex has a consensus rating of "Hold" and a consensus target price of $49.40.

Terex Stock Up 0.4%

TEX traded up $0.20 during midday trading on Tuesday, reaching $48.53. The company's stock had a trading volume of 221,072 shares, compared to its average volume of 911,199. The stock's 50-day moving average is $38.30 and its 200-day moving average is $44.45. Terex has a 1 year low of $31.53 and a 1 year high of $68.08. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 4.53 and a beta of 1.52. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.26. Terex had a return on equity of 21.99% and a net margin of 6.54%. The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same quarter in the previous year, the business earned $1.60 earnings per share. The firm's quarterly revenue was down 4.9% compared to the same quarter last year. As a group, research analysts expect that Terex will post 4.83 EPS for the current year.

Insider Buying and Selling

In other Terex news, insider Joshua Gross sold 5,389 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $40.75, for a total value of $219,601.75. Following the completion of the transaction, the insider now directly owns 38,755 shares in the company, valued at $1,579,266.25. This represents a 12.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Andra Rush bought 1,325 shares of the stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the acquisition, the director now directly 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 disclosure for this purchase can be found here. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Terex

Large investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Terex during the fourth quarter valued at approximately $59,179,000. FMR LLC lifted its position in shares of Terex by 17.0% during the fourth quarter. FMR LLC now owns 8,782,287 shares of the industrial products company's stock worth $405,917,000 after purchasing an additional 1,272,920 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Terex by 94.8% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,150,673 shares of the industrial products company's stock valued at $99,404,000 after purchasing an additional 1,046,600 shares during the period. Norges Bank purchased a new position in Terex in the 4th quarter worth about $35,001,000. Finally, First Trust Advisors LP lifted its holdings in Terex by 43.2% during the 4th quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company's stock valued at $89,247,000 after buying an additional 582,819 shares in the last quarter. 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.