Shares of Terex Co. (NYSE:TEX) have earned an average rating of "Buy" from the nineteen analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $47.19.
A number of research firms have issued reports on TEX. Robert W. Baird boosted their price target on Terex from $50.00 to $57.00 and gave the company an "outperform" rating in a research note on Friday, April 30th. TheStreet upgraded Terex from a "c" rating to a "b-" rating in a research note on Thursday. KeyCorp boosted their price target on Terex from $57.00 to $59.00 and gave the company an "overweight" rating in a research note on Wednesday, May 19th. JPMorgan Chase & Co. upgraded Terex from a "neutral" rating to an "overweight" rating and set a $61.00 price objective for the company in a research note on Tuesday, July 13th. Finally, Barclays boosted their price objective on Terex from $49.00 to $50.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 14th.
Terex stock opened at $47.92 on Friday. The company's 50-day moving average price is $47.32. The company has a market cap of $3.34 billion, a P/E ratio of 24.70 and a beta of 1.69. Terex has a 52-week low of $18.00 and a 52-week high of $55.60. The company has a current ratio of 2.27, a quick ratio of 1.48 and a debt-to-equity ratio of 1.03.
Terex (NYSE:TEX) last released its quarterly earnings results on Wednesday, July 28th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.60 by $0.42. Terex had a return on equity of 16.42% and a net margin of 3.98%. On average, equities research analysts forecast that Terex will post 2.57 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 20th. Investors of record on Thursday, August 12th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, August 11th. This represents a $0.48 dividend on an annualized basis and a yield of 1.00%. Terex's dividend payout ratio is presently 369.23%.
In other news, CEO John L. Garrison, Jr. sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, May 6th. The stock was sold at an average price of $53.42, for a total transaction of $2,671,000.00. Following the sale, the chief executive officer now directly owns 589,010 shares of the company's stock, valued at approximately $31,464,914.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andra Rush sold 11,587 shares of the company's stock in a transaction that occurred on Wednesday, May 12th. The stock was sold at an average price of $52.81, for a total value of $611,909.47. Following the sale, the director now directly owns 18,645 shares in the company, valued at $984,642.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 146,323 shares of company stock worth $7,578,284. 2.90% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. raised its holdings in shares of Terex by 8.1% during the 1st quarter. Alliancebernstein L.P. now owns 1,775,953 shares of the industrial products company's stock worth $81,818,000 after acquiring an additional 133,063 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Terex by 107.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 103,118 shares of the industrial products company's stock valued at $4,751,000 after purchasing an additional 53,373 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in shares of Terex during the 1st quarter valued at approximately $229,000. Federated Hermes Inc. increased its position in shares of Terex by 34.2% during the 1st quarter. Federated Hermes Inc. now owns 143,738 shares of the industrial products company's stock valued at $6,621,000 after purchasing an additional 36,611 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its position in shares of Terex by 639.1% during the 1st quarter. Schonfeld Strategic Advisors LLC now owns 64,300 shares of the industrial products company's stock valued at $2,962,000 after purchasing an additional 55,600 shares during the last quarter. 83.50% of the stock is currently owned by institutional investors and hedge funds.
Terex Corp. engages in the manufacturing of aerial work platforms, cranes, and materials processing machinery. The firm designs, builds and support products used in construction, maintenance, manufacturing, energy, minerals and materials management applications. It operates through the following segments: Aerial Work Platforms and Materials Processing.
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