Terex (NYSE:TEX) Sets New 12-Month High at $65.80

Terex Co. (NYSE:TEX - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as $65.80 and last traded at $65.74, with a volume of 100618 shares traded. The stock had previously closed at $64.46.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TEX. UBS Group downgraded shares of Terex from a "buy" rating to a "neutral" rating and increased their target price for the company from $61.00 to $62.00 in a research note on Tuesday, February 13th. Citigroup raised their price objective on shares of Terex from $54.00 to $63.00 and gave the stock a "neutral" rating in a research note on Monday, February 12th. The Goldman Sachs Group upped their target price on Terex from $52.00 to $59.00 and gave the company a "neutral" rating in a research note on Tuesday, February 13th. JPMorgan Chase & Co. lowered Terex from an "overweight" rating to a "neutral" rating and set a $63.00 price target for the company. in a research note on Monday, March 18th. Finally, Truist Financial started coverage on Terex in a research report on Thursday, March 14th. They issued a "buy" rating and a $73.00 price objective on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Terex presently has a consensus rating of "Hold" and an average target price of $64.21.

Terex Trading Up 1.0 %

The company has a quick ratio of 0.95, a current ratio of 2.01 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $4.36 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 0.65 and a beta of 1.64. The stock's 50 day moving average is $59.59 and its two-hundred day moving average is $55.62.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings results on Friday, February 9th. The industrial products company reported $1.41 earnings per share for the quarter, hitting the consensus estimate of $1.41. The firm had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.23 billion. Terex had a net margin of 10.06% and a return on equity of 32.89%. The company's revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.34 EPS. As a group, sell-side analysts predict that Terex Co. will post 6.94 EPS for the current fiscal year.

Terex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Thursday, March 7th. Terex's payout ratio is 8.96%.

Insider Buying and Selling

In other news, insider Joshua Gross sold 4,945 shares of the firm's stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $59.13, for a total value of $292,397.85. Following the sale, the insider now directly owns 21,457 shares in the company, valued at approximately $1,268,752.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Joshua Gross sold 4,945 shares of the company's stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $59.13, for a total transaction of $292,397.85. Following the transaction, the insider now directly owns 21,457 shares of the company's stock, valued at $1,268,752.41. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO John L. Garrison, Jr. sold 59,094 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $60.07, for a total value of $3,549,776.58. Following the sale, the chief executive officer now owns 380,834 shares of the company's stock, valued at approximately $22,876,698.38. The disclosure for this sale can be found here. Insiders sold 132,039 shares of company stock worth $8,078,574 in the last three months. 2.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Terex

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in 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. Avior Wealth Management LLC lifted its stake in shares of Terex by 440.7% during the third quarter. Avior Wealth Management LLC now owns 492 shares of the industrial products company's stock worth $28,000 after buying an additional 401 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of Terex during the first quarter worth $28,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Terex during the fourth quarter valued at $29,000. Finally, ST Germain D J Co. Inc. acquired a new position in shares of Terex in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 92.88% of the company's stock.

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.