Terex Corporation (NYSE:TEX) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Terex Corporation has received a consensus recommendation of "Moderate Buy" from analysts, with average price targets ranging from $52.22 to $66.00.
• The company reported $1.49 earnings per share for the last quarter, surpassing analysts' estimates and showing a 7.6% year-over-year revenue increase.
• Terex announced a quarterly dividend of $0.17 per share, translating to a 1.3% dividend yield, with an upcoming payment date of September 19th.

Shares of Terex Corporation (NYSE:TEX - Get Free Report) have been given an average rating of "Moderate Buy" by the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $52.2222.

A number of analysts have weighed in on TEX shares. Evercore ISI upped their price target on Terex from $59.00 to $62.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. The Goldman Sachs Group upgraded Terex from a "neutral" rating to a "buy" rating and upped their price target for the company from $45.00 to $60.00 in a research report on Tuesday, May 27th. Robert W. Baird upgraded Terex from a "neutral" rating to an "outperform" rating and upped their price target for the company from $48.00 to $66.00 in a research report on Tuesday, May 13th. Morgan Stanley lowered their price target on Terex from $43.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Truist Financial set a $62.00 price target on Terex in a research report on Monday, August 4th.

Terex Stock Performance

Shares of NYSE TEX opened at $52.59 on Thursday. The business has a fifty day simple moving average of $48.89 and a 200 day simple moving average of $43.87. The company has a current ratio of 2.08, a quick ratio of 1.11 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 5.11 and a beta of 1.62. Terex has a one year low of $31.53 and a one year high of $58.66.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.44 by $0.05. Terex had a return on equity of 15.95% and a net margin of 3.46%. The firm had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.46 billion. During the same period in the prior year, the business posted $2.16 earnings per share. The business's revenue was up 7.6% compared to the same quarter last year. Sell-side analysts expect that Terex will post 4.83 EPS 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. This represents a $0.68 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, August 11th. Terex's dividend payout ratio is presently 25.37%.

Insider Activity at Terex

In related news, VP Scott Posner sold 5,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $50.50, for a total value of $252,500.00. Following the transaction, the vice president owned 70,308 shares in the company, valued at $3,550,554. This trade represents a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On Terex

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Terex by 0.7% in the first quarter. Vanguard Group Inc. now owns 6,749,354 shares of the industrial products company's stock valued at $254,991,000 after acquiring an additional 44,254 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Terex by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,050,434 shares of the industrial products company's stock valued at $115,247,000 after acquiring an additional 87,194 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in Terex by 8.8% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,338,868 shares of the industrial products company's stock valued at $88,362,000 after acquiring an additional 188,195 shares during the last quarter. First Trust Advisors LP boosted its holdings in Terex by 43.2% in the fourth quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company's stock valued at $89,247,000 after acquiring an additional 582,819 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Terex by 1.4% in the first quarter. American Century Companies Inc. now owns 1,765,690 shares of the industrial products company's stock valued at $66,708,000 after acquiring an additional 24,484 shares during the last quarter. Institutional investors own 92.88% of the company's stock.

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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