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

Shares of Terex Corporation (NYSE:TEX - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the ten brokerages that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $51.44.

A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded Terex from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Truist Financial increased their target price on shares of Terex from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Evercore ISI lifted their target price on Terex from $59.00 to $62.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Robert W. Baird upgraded shares of Terex from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $48.00 to $66.00 in a research note on Tuesday, May 13th. Finally, UBS Group raised their price target on shares of Terex from $48.00 to $52.00 and gave the company a "neutral" rating in a report on Thursday, July 10th.

Insider Buying and Selling at Terex

In related news, insider Joshua Gross sold 5,389 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 38,755 shares of the company's stock, valued at $1,579,266.25. This represents a 12.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On Terex

Large investors have recently modified their holdings of the business. FMR LLC raised its holdings in Terex by 17.0% during the 4th quarter. FMR LLC now owns 8,782,287 shares of the industrial products company's stock valued at $405,917,000 after buying an additional 1,272,920 shares during the last quarter. Vanguard Group Inc. raised its holdings in Terex by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 6,749,354 shares of the industrial products company's stock valued at $254,991,000 after buying an additional 44,254 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Terex by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,050,434 shares of the industrial products company's stock worth $115,247,000 after purchasing an additional 87,194 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in Terex by 8.8% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,338,868 shares of the industrial products company's stock worth $88,362,000 after purchasing an additional 188,195 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Terex by 43.2% in 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 in the last quarter. Hedge funds and other institutional investors own 92.88% of the company's stock.

Terex Stock Down 2.3%

Terex stock opened at $49.42 on Friday. The company has a quick ratio of 1.07, a current ratio of 2.11 and a debt-to-equity ratio of 1.40. Terex has a 52 week low of $31.53 and a 52 week high of $68.08. The business's 50-day moving average price is $47.46 and its 200 day moving average price is $43.40. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 5.13 and a beta of 1.58.

Terex (NYSE:TEX - Get Free Report) last released its 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. Terex had a return on equity of 18.79% and a net margin of 4.89%. The firm had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same period in the previous year, the firm posted $1.60 EPS. Terex's revenue for the quarter was down 4.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Terex will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Monday, August 11th will be issued a dividend of $0.17 per share. The ex-dividend date is Monday, August 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.38%. Terex's dividend payout ratio is presently 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.

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