Terex Corporation (NYSE:TEX) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Terex Corporation (NYSE:TEX - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $50.90.

Several equities research analysts have recently weighed in on TEX shares. The Goldman Sachs Group raised Terex from a "neutral" rating to a "buy" rating and upped their target price for the stock from $45.00 to $60.00 in a research report on Tuesday, May 27th. UBS Group raised shares of Terex from a "sell" rating to a "neutral" rating and increased their price objective for the company from $34.00 to $48.00 in a research report on Friday, May 16th. Evercore ISI lifted their price objective on shares of Terex from $59.00 to $62.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Truist Financial upped their target price on shares of Terex from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Finally, Robert W. Baird raised shares of Terex from a "neutral" rating to an "outperform" rating and raised their price target for the company from $48.00 to $66.00 in a report on Tuesday, May 13th.

Terex Trading Down 0.1%

TEX stock traded down $0.06 during midday trading on Wednesday, reaching $47.63. 1,116,984 shares of the company's stock traded hands, compared to its average volume of 919,941. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.11 and a quick ratio of 1.07. Terex has a fifty-two week low of $31.53 and a fifty-two week high of $68.08. The business has a 50-day moving average price of $43.58 and a two-hundred day moving average price of $43.01. The company has a market capitalization of $3.16 billion, a P/E ratio of 12.98, a PEG ratio of 5.00 and a beta of 1.60.

Terex (NYSE:TEX - Get Free Report) last issued its 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 the consensus estimate of $1.26 billion. During the same quarter last year, the firm posted $1.60 EPS. The business's revenue for the quarter was down 4.9% compared to the same quarter last year. Equities research analysts forecast that Terex will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, June 6th. Terex's dividend payout ratio is currently 18.53%.

Insider Activity

In related news, insider Joshua Gross sold 5,389 shares of the company'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 sale, the insider now directly owns 38,755 shares of the company's stock, valued at approximately $1,579,266.25. This represents a 12.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.90% of the company's stock.

Institutional Trading of Terex

A number of institutional investors and hedge funds have recently modified their holdings of TEX. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Terex during the 4th quarter valued at about $59,179,000. FMR LLC boosted its stake in Terex by 17.0% in the fourth 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 period. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Terex by 94.8% during the fourth 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 purchasing an additional 1,046,600 shares during the last quarter. Norges Bank acquired a new stake in shares of Terex during the 4th quarter worth approximately $35,001,000. Finally, First Trust Advisors LP raised its position in shares of Terex by 43.2% during the 4th quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company's stock worth $89,247,000 after purchasing an additional 582,819 shares during the period. 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.