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

Shares of Terex Corporation (NYSE:TEX - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the ten research firms that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $51.44.

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group raised shares of Terex from a "neutral" rating to a "buy" rating and raised their price target for the company from $45.00 to $60.00 in a research report on Tuesday, May 27th. Citigroup dropped their price target on shares of Terex from $45.00 to $36.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. raised 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. Baird R W upgraded shares of Terex from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Finally, Wall Street Zen upgraded shares of Terex from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st.

Terex Trading Up 2.4%

Shares of TEX traded up $1.23 during trading hours on Friday, hitting $51.47. 663,998 shares of the stock were exchanged, compared to its average volume of 899,789. Terex has a fifty-two week low of $31.53 and a fifty-two week high of $68.08. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.11 and a quick ratio of 1.07. The business has a 50-day moving average of $47.59 and a 200-day moving average of $43.45. The firm has a market capitalization of $3.41 billion, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 5.12 and a beta of 1.58.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The industrial products company reported $0.83 earnings per share 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 firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the firm earned $1.60 earnings per share. The business's quarterly revenue was down 4.9% compared to the same quarter last year. On average, research analysts expect that Terex will post 4.83 EPS for the current year.

Terex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 11th will be given a dividend of $0.17 per share. The ex-dividend date is Monday, August 11th. This represents a $0.68 annualized dividend and a yield of 1.32%. Terex's payout ratio is presently 18.53%.

Insider Transactions at Terex

In other news, insider Joshua Gross sold 5,389 shares of the business's 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 sale, the insider directly owned 38,755 shares in the company, valued at approximately $1,579,266.25. The trade was a 12.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Terex

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rise Advisors LLC grew its position in Terex by 65.3% during the second quarter. Rise Advisors LLC now owns 610 shares of the industrial products company's stock valued at $28,000 after buying an additional 241 shares during the period. Neo Ivy Capital Management bought a new stake in Terex during the fourth quarter valued at approximately $29,000. UMB Bank n.a. grew its position in Terex by 83.0% during the first quarter. UMB Bank n.a. now owns 732 shares of the industrial products company's stock valued at $28,000 after buying an additional 332 shares during the period. Private Trust Co. NA increased its holdings in Terex by 128.0% in the 1st quarter. Private Trust Co. NA now owns 773 shares of the industrial products company's stock worth $29,000 after acquiring an additional 434 shares in the last quarter. Finally, Strs Ohio purchased a new stake in Terex in the 1st quarter worth approximately $30,000. 92.88% of the stock is owned by hedge funds and other institutional investors.

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.