UBS Group Raises Terex (NYSE:TEX) Price Target to $64.00

Terex (NYSE:TEX - Free Report) had its target price raised by UBS Group from $62.00 to $64.00 in a research report sent to investors on Tuesday morning, Benzinga reports. UBS Group currently has a neutral rating on the industrial products company's stock.

TEX has been the subject of a number of other reports. The Goldman Sachs Group increased their price objective on Terex from $52.00 to $59.00 and gave the stock a neutral rating in a report on Tuesday, February 13th. Citigroup increased their target price on shares of Terex from $54.00 to $63.00 and gave the stock a neutral rating in a report on Monday, February 12th. JPMorgan Chase & Co. downgraded shares of Terex from an overweight rating to a neutral rating and set a $63.00 price objective for the company. in a research note on Monday, March 18th. Truist Financial initiated coverage on Terex in a report on Thursday, March 14th. They set a buy rating and a $73.00 target price on the stock. Finally, Evercore ISI cut their price objective on Terex from $65.00 to $63.00 and set an outperform rating for the company in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average target price of $65.33.

Terex Price Performance

NYSE TEX traded up $0.17 on Tuesday, reaching $62.12. The company's stock had a trading volume of 351,121 shares, compared to its average volume of 737,007. The business has a 50-day moving average price of $61.38 and a 200 day moving average price of $57.64. The company has a current ratio of 2.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.42. Terex has a 52 week low of $43.70 and a 52 week high of $65.89. The firm has a market cap of $4.18 billion, a PE ratio of 8.23 and a beta of 1.66.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.23. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.23 billion. Terex had a return on equity of 30.53% and a net margin of 9.87%. Sell-side analysts expect that Terex will post 7.09 EPS for the current year.

Insiders Place Their Bets

In related news, insider Kieran Hegarty sold 18,000 shares of Terex stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $56.80, for a total value of $1,022,400.00. Following the transaction, the insider now owns 198,619 shares in the company, valued at approximately $11,281,559.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Joshua Gross sold 4,945 shares of the stock in a transaction on Tuesday, March 19th. The stock was 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 of the company's stock, valued at $1,268,752.41. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kieran Hegarty sold 18,000 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $56.80, for a total value of $1,022,400.00. Following the completion of the transaction, the insider now directly owns 198,619 shares in the company, valued at $11,281,559.20. The disclosure for this sale can be found here. Insiders have sold 149,229 shares of company stock worth $9,080,064 in the last ninety days. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TEX. Blue Trust Inc. boosted its stake in shares of Terex by 179.0% during the 4th quarter. Blue Trust Inc. now owns 466 shares of the industrial products company's stock worth $27,000 after acquiring an additional 299 shares during the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in Terex in the 4th quarter worth $29,000. Quantbot Technologies LP purchased a new stake in shares of Terex during the 3rd quarter worth approximately $32,000. FinTrust Capital Advisors LLC boosted its position in shares of Terex by 202.2% during the 1st quarter. FinTrust Capital Advisors LLC now owns 695 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 465 shares during the last quarter. Finally, OLD Point Trust & Financial Services N A purchased a new position in shares of Terex in the fourth quarter valued at $61,000. Institutional investors 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.