Terex (NYSE:TEX) Stock Price Expected to Rise, Evercore ISI Analyst Says

Terex (NYSE:TEX - Free Report) had its price target raised by Evercore ISI from $59.00 to $62.00 in a research report report published on Monday,Benzinga reports. The firm currently has an outperform rating on the industrial products company's stock.

Other analysts have also recently issued reports about the stock. Baird R W upgraded shares of Terex from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. lifted their target price on shares of Terex from $38.00 to $43.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Morgan Stanley lowered their target price on shares of Terex from $43.00 to $30.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Truist Financial lifted their target price on shares of Terex from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, Robert W. Baird raised shares of Terex from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $48.00 to $66.00 in a research report on Tuesday, May 13th. Nine equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $49.40.

Terex Stock Down 2.7%

Shares of NYSE TEX traded down $1.23 during trading hours on Monday, hitting $44.61. 648,265 shares of the stock were exchanged, compared to its average volume of 920,911. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. The company has a market cap of $2.96 billion, a PE ratio of 8.99, a PEG ratio of 4.53 and a beta of 1.52. The firm has a fifty day moving average price of $38.82 and a 200-day moving average price of $44.39. Terex has a 12 month low of $31.53 and a 12 month high of $68.08.

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

Terex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Friday, June 6th. Terex's dividend payout ratio (DPR) is 18.53%.

Insider Activity

In other news, Director Andra Rush bought 1,325 shares of Terex stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $36.96 per share, with a total value of $48,972.00. Following the completion of the purchase, the director now directly owns 23,308 shares of the company's stock, valued at approximately $861,463.68. This trade represents a 6.03% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joshua Gross sold 5,389 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were 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 owns 38,755 shares in the company, valued at $1,579,266.25. This represents a 12.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. FMR LLC raised its position in Terex by 17.0% in the fourth quarter. FMR LLC now owns 8,782,287 shares of the industrial products company's stock valued at $405,917,000 after purchasing an additional 1,272,920 shares during the period. Vanguard Group Inc. raised its position in Terex by 0.7% in the first quarter. Vanguard Group Inc. now owns 6,749,354 shares of the industrial products company's stock valued at $254,991,000 after purchasing an additional 44,254 shares during the period. Dimensional Fund Advisors LP raised its position in Terex by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,050,434 shares of the industrial products company's stock valued at $115,247,000 after purchasing an additional 87,194 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in Terex by 8.8% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,338,868 shares of the industrial products company's stock valued at $88,362,000 after purchasing an additional 188,195 shares during the period. Finally, First Trust Advisors LP raised its position in Terex by 43.2% in the fourth quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company's stock valued at $89,247,000 after purchasing an additional 582,819 shares during the period. 92.88% of the stock is currently owned by institutional investors and hedge funds.

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.