Terex (NYSE:TEX) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Terex (NYSE:TEX - Free Report) from a hold rating to a sell rating in a report issued on Tuesday.

TEX has been the topic of several other reports. Evercore ISI reduced their price objective on Terex from $63.00 to $59.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price objective on shares of Terex from $38.00 to $43.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Morgan Stanley decreased their price objective on Terex from $43.00 to $30.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. UBS Group lowered Terex from a "neutral" rating to a "sell" rating and dropped their target price for the company from $49.00 to $32.00 in a research note on Monday, April 7th. Finally, Truist Financial raised their price target on Terex from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $49.10.

Terex Stock Up 2.4%

NYSE TEX traded up $1.12 during trading on Tuesday, reaching $48.02. 1,047,854 shares of the company's stock were exchanged, compared to its average volume of 910,415. Terex has a 1 year low of $31.53 and a 1 year high of $68.08. The stock has a market cap of $3.18 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 4.53 and a beta of 1.52. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. The company has a 50 day moving average price of $37.98 and a two-hundred day moving average price of $44.61.

Terex (NYSE:TEX - Get Free Report) last posted its earnings results on Friday, May 2nd. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.26. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.26 billion. Terex had a return on equity of 21.99% and a net margin of 6.54%. Terex's revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.60 earnings per share. On average, equities research analysts anticipate that Terex will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Friday, June 6th. Terex's dividend payout ratio (DPR) is presently 18.53%.

Insiders Place Their Bets

In other news, Director Andra Rush acquired 1,325 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $36.96 per share, with a total value of $48,972.00. Following the transaction, the director now directly owns 23,308 shares in the company, valued at approximately $861,463.68. This represents a 6.03% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joshua Gross sold 5,389 shares of Terex stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $40.75, for a total value of $219,601.75. Following the sale, the insider now directly owns 38,755 shares in the company, valued at approximately $1,579,266.25. The trade was a 12.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Terex

A number of hedge funds have recently bought and sold shares of the business. Neo Ivy Capital Management bought a new stake in shares of Terex in the fourth quarter worth $29,000. Jones Financial Companies Lllp bought a new stake in Terex in the fourth quarter valued at about $31,000. Smartleaf Asset Management LLC grew its position in shares of Terex by 46.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock worth $32,000 after acquiring an additional 222 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Terex by 83.0% in the 1st quarter. UMB Bank n.a. now owns 732 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 332 shares during the last quarter. Finally, Private Trust Co. NA raised its position in shares of Terex by 128.0% during the 1st quarter. Private Trust Co. NA now owns 773 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 434 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company's stock.

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.