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

Terex Corporation (NYSE:TEX - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twelve analysts that are covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $50.90.

TEX has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price target on shares of Terex from $43.00 to $50.00 and gave the company a "neutral" rating in a research report on Tuesday, June 10th. Wall Street Zen upgraded shares of Terex from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. The Goldman Sachs Group upgraded shares of Terex from a "neutral" rating to a "buy" rating and increased their price target for the company from $45.00 to $60.00 in a research report on Tuesday, May 27th. Evercore ISI increased their price target on shares of Terex from $59.00 to $62.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Finally, Morgan Stanley dropped their price objective on Terex from $43.00 to $30.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th.

Insider Transactions at Terex

In related news, insider Joshua Gross sold 5,389 shares of the firm's stock in a transaction on Monday, May 5th. The stock was 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 of the company's stock, 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 legal filing with the SEC, which is available through this link. Company insiders own 1.90% of the company's stock.

Institutional Trading of Terex

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TEX. State of New Jersey Common Pension Fund D lifted its stake in Terex by 16.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 40,840 shares of the industrial products company's stock worth $1,888,000 after acquiring an additional 5,633 shares during the period. Principal Financial Group Inc. grew its position in shares of Terex by 2.8% in the 4th quarter. Principal Financial Group Inc. now owns 224,351 shares of the industrial products company's stock worth $10,370,000 after buying an additional 6,132 shares during the period. New York State Common Retirement Fund increased its stake in shares of Terex by 2.2% in the 4th quarter. New York State Common Retirement Fund now owns 22,130 shares of the industrial products company's stock worth $1,023,000 after acquiring an additional 467 shares in the last quarter. Handelsbanken Fonder AB lifted its position in Terex by 25.5% during the 4th quarter. Handelsbanken Fonder AB now owns 16,753 shares of the industrial products company's stock valued at $774,000 after acquiring an additional 3,400 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Terex by 7.9% during the 4th quarter. Bank of New York Mellon Corp now owns 725,486 shares of the industrial products company's stock valued at $33,532,000 after acquiring an additional 52,885 shares during the period. Hedge funds and other institutional investors own 92.88% of the company's stock.

Terex Stock Up 4.1%

TEX stock opened at $46.67 on Wednesday. The company has a current ratio of 2.11, a quick ratio of 1.07 and a debt-to-equity ratio of 1.40. The company's 50 day moving average is $42.81 and its 200 day moving average is $43.09. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 4.72 and a beta of 1.60. Terex has a 1-year low of $31.53 and a 1-year high of $68.08.

Terex (NYSE:TEX - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The industrial products company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.26. Terex had a net margin of 4.89% and a return on equity of 18.79%. The business had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.26 billion. During the same period last year, the business earned $1.60 earnings per share. The business's quarterly revenue was down 4.9% on a year-over-year basis. Sell-side analysts predict that Terex will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Friday, June 6th. Terex's dividend payout ratio is 18.53%.

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.

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