Terex Co. (NYSE:TEX) Receives Consensus Recommendation of "Hold" from Brokerages

Terex Co. (NYSE:TEX - Get Free Report) has received a consensus recommendation of "Hold" from the eleven research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $46.40.

A number of equities research analysts have issued reports on TEX shares. Morgan Stanley reduced their price objective on shares of Terex from $43.00 to $30.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Citigroup decreased their price target on Terex from $45.00 to $36.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Evercore ISI cut their price objective on Terex from $63.00 to $59.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. The Goldman Sachs Group cut their price target on shares of Terex from $60.00 to $52.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Finally, Truist Financial raised their price objective on shares of Terex from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Monday.

Insider Buying and Selling at Terex

In other news, Director Andra Rush bought 1,325 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price 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 in the company, valued at $861,463.68. This represents a 6.03 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Joshua Gross sold 5,389 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $40.75, for a total transaction of $219,601.75. Following the completion of the sale, the insider now owns 38,755 shares of the company's stock, valued at approximately $1,579,266.25. The trade was a 12.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Terex

Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC boosted its position in shares of Terex by 17.0% during 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 in the last quarter. Vanguard Group Inc. grew its position in shares of Terex by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 6,749,354 shares of the industrial products company's stock worth $254,991,000 after buying an additional 44,254 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in shares of Terex by 94.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,150,673 shares of the industrial products company's stock worth $99,404,000 after acquiring an additional 1,046,600 shares in the last quarter. First Trust Advisors LP boosted its stake in Terex by 43.2% during the fourth quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company's stock worth $89,247,000 after acquiring an additional 582,819 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Terex by 2.3% in the fourth quarter. Fisher Asset Management LLC now owns 1,890,625 shares of the industrial products company's stock worth $87,385,000 after purchasing an additional 41,685 shares during the period. Hedge funds and other institutional investors own 92.88% of the company's stock.

Terex Stock Up 1.2 %

TEX traded up $0.50 during midday trading on Tuesday, reaching $41.23. 489,793 shares of the company were exchanged, compared to its average volume of 898,169. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 8.31, a price-to-earnings-growth ratio of 4.53 and a beta of 1.52. Terex has a one year low of $31.53 and a one year high of $68.08. The company's fifty day moving average price is $37.42 and its 200 day moving average price is $44.90. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16.

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

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.