Brokerages Set Terex Co. (NYSE:TEX) PT at $64.21

Shares of Terex Co. (NYSE:TEX - Get Free Report) have received a consensus recommendation of "Hold" from the thirteen brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $64.21.

Several equities research analysts have weighed in on TEX shares. UBS Group cut Terex from a "buy" rating to a "neutral" rating and upped their target price for the stock from $61.00 to $62.00 in a report on Tuesday, February 13th. Bank of America reiterated an "underperform" rating and issued a $57.00 target price on shares of Terex in a report on Friday, January 19th. Truist Financial began coverage on Terex in a research note on Thursday, March 14th. They set a "buy" rating and a $73.00 price objective for the company. The Goldman Sachs Group upped their price objective on Terex from $52.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 13th. Finally, Jefferies Financial Group cut Terex from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $73.00 to $63.00 in a research note on Wednesday, December 20th.

Terex Trading Down 2.0 %

Terex stock traded down $1.32 during mid-day trading on Monday, hitting $63.08. The company's stock had a trading volume of 439,962 shares, compared to its average volume of 704,333. The company has a 50 day moving average of $59.19 and a 200-day moving average of $55.44. The stock has a market cap of $4.23 billion, a PE ratio of 8.39, a P/E/G ratio of 0.64 and a beta of 1.64. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.95 and a current ratio of 2.01. Terex has a one year low of $41.89 and a one year high of $65.64.

Terex (NYSE:TEX - Get Free Report) last issued its 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. Terex had a return on equity of 32.89% and a net margin of 10.06%. The business had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the prior year, the business earned $1.34 EPS. The business's revenue for the quarter was up .4% compared to the same quarter last year. On average, research analysts anticipate that Terex will post 6.94 EPS for the current year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Thursday, March 7th. Terex's dividend payout ratio (DPR) is presently 8.96%.

Insider Buying and Selling at Terex

In other news, insider Kieran Hegarty sold 18,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $56.80, for a total value of $1,022,400.00. Following the transaction, the insider now directly owns 198,619 shares of the company's stock, valued at $11,281,559.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Kieran Hegarty sold 18,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $56.80, for a total value of $1,022,400.00. Following the transaction, the insider now directly owns 198,619 shares of the company's stock, valued at $11,281,559.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John L. Garrison, Jr. sold 50,000 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $64.28, for a total value of $3,214,000.00. Following the completion of the transaction, the chief executive officer now directly owns 315,483 shares in the company, valued at $20,279,247.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,039 shares of company stock worth $8,078,574. 2.40% of the stock is owned by insiders.

Institutional Trading of Terex

Several hedge funds and other institutional investors have recently bought and sold shares of TEX. Blue Trust Inc. grew its holdings in Terex by 179.0% during the fourth 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 period. Avior Wealth Management LLC grew its holdings in 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 acquiring an additional 401 shares during the period. Dark Forest Capital Management LP acquired a new stake in Terex during the first quarter worth about $28,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Terex during the fourth quarter worth about $29,000. Finally, ST Germain D J Co. Inc. acquired a new stake in Terex during the second quarter worth about $30,000. 92.88% of the stock is owned by institutional investors and hedge funds.

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.