Terex Co. (NYSE:TEX) Given Consensus Rating of "Moderate Buy" by Analysts

Terex Co. (NYSE:TEX - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twelve ratings firms that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $50.20.

Several research firms recently commented on TEX. Truist Financial increased their price target on shares of Terex from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Baird R W raised shares of Terex from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 13th. The Goldman Sachs Group raised Terex from a "neutral" rating to a "buy" rating and raised their price target for the stock from $45.00 to $60.00 in a report on Tuesday, May 27th. UBS Group upgraded Terex from a "sell" rating to a "neutral" rating and boosted their price target for the company from $34.00 to $48.00 in a research report on Friday, May 16th. Finally, Robert W. Baird raised Terex from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $48.00 to $66.00 in a research report on Tuesday, May 13th.

Insider Activity

In related news, insider Joshua Gross sold 5,389 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $40.75, for a total value of $219,601.75. Following the completion of the sale, the insider now owns 38,755 shares in the company, valued at $1,579,266.25. This trade represents a 12.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andra Rush bought 1,325 shares of the stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the transaction, the director now directly owns 23,308 shares of the company's stock, valued at $861,463.68. This trade represents a 6.03% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On Terex

Several hedge funds have recently bought and sold shares of TEX. Wealth Enhancement Advisory Services LLC acquired a new stake in Terex in the fourth quarter valued at $59,179,000. FMR LLC grew its stake in Terex by 17.0% in the 4th quarter. FMR LLC now owns 8,782,287 shares of the industrial products company's stock valued at $405,917,000 after acquiring an additional 1,272,920 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in 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 valued at $99,404,000 after acquiring an additional 1,046,600 shares during the last quarter. Norges Bank purchased a new position in Terex during the 4th quarter valued at about $35,001,000. Finally, First Trust Advisors LP raised its position 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 during the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

Terex Stock Performance

Shares of TEX traded down $0.91 during midday trading on Friday, reaching $45.03. 761,361 shares of the stock were exchanged, compared to its average volume of 924,378. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 9.08, a PEG ratio of 4.53 and a beta of 1.52. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. Terex has a twelve month low of $31.53 and a twelve month high of $68.08. The business's 50-day moving average price is $39.41 and its 200 day moving average price is $43.99.

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

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Friday, June 6th. Terex's dividend payout ratio (DPR) is 18.53%.

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.