Terex (NYSE:TEX) Stock Price Expected to Rise, UBS Group Analyst Says

Terex (NYSE:TEX - Get Free Report) had its price objective boosted by stock analysts at UBS Group from $48.00 to $52.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the industrial products company's stock. UBS Group's price target would suggest a potential downside of 0.15% from the stock's current price.

Several other equities research analysts have also weighed in on the company. Baird R W upgraded Terex from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Citigroup dropped their target price on Terex from $45.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Truist Financial boosted their target price on Terex from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Evercore ISI boosted their target price on Terex from $59.00 to $62.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Finally, Wall Street Zen raised Terex from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.80.

Terex Trading Down 2.5%

Shares of TEX traded down $1.32 during mid-day trading on Thursday, hitting $52.08. 254,352 shares of the company's stock traded hands, compared to its average volume of 979,904. 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 1 year low of $31.53 and a 1 year high of $68.08. The firm has a market capitalization of $3.45 billion, a P/E ratio of 14.19, a PEG ratio of 5.32 and a beta of 1.58. The business's 50-day moving average price is $46.22 and its 200-day moving average price is $43.21.

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 (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.26 billion. During the same period in the previous year, the firm earned $1.60 earnings per share. The business's revenue was down 4.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Terex will post 4.83 EPS for the current fiscal year.

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 stock was sold at an average price of $40.75, for a total transaction of $219,601.75. Following the completion of the transaction, the insider directly owned 38,755 shares of the company's stock, valued at approximately $1,579,266.25. This represents a 12.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Terex

Hedge funds and other institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC purchased a new position in Terex during the 4th quarter worth $59,179,000. FMR LLC boosted its position in shares of Terex by 17.0% in the 4th quarter. FMR LLC now owns 8,782,287 shares of the industrial products company's stock worth $405,917,000 after purchasing an additional 1,272,920 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Terex by 94.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,150,673 shares of the industrial products company's stock worth $99,404,000 after purchasing an additional 1,046,600 shares in the last quarter. Norges Bank acquired a new stake in shares of Terex in the 4th quarter worth $35,001,000. Finally, First Trust Advisors LP raised its stake in shares of 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 worth $89,247,000 after purchasing an additional 582,819 shares during the last quarter. 92.88% of the stock is currently 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.