Terex (NYSE:TEX) Price Target Raised to $50.00

Terex (NYSE:TEX - Free Report) had its price target boosted by JPMorgan Chase & Co. from $43.00 to $50.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the industrial products company's stock.

A number of other analysts have also recently weighed in on the stock. Truist Financial boosted their price objective on shares of Terex from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Evercore ISI boosted their target price on shares of 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 raised Terex from a "neutral" rating to an "outperform" rating and raised their price target for the company from $48.00 to $66.00 in a research report on Tuesday, May 13th. Baird R W upgraded Terex from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Finally, Barclays decreased their target price on Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $50.90.

Terex Stock Down 2.9%

Shares of NYSE TEX traded down $1.37 during mid-day trading on Tuesday, reaching $45.96. The company had a trading volume of 927,055 shares, compared to its average volume of 924,408. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. Terex has a twelve month low of $31.53 and a twelve month high of $68.08. The stock's 50 day moving average is $41.32 and its 200-day moving average is $43.60. The stock has a market capitalization of $3.05 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 4.53 and a beta of 1.60.

Terex (NYSE:TEX - Get Free Report) last issued its earnings results on Friday, May 2nd. The industrial products company reported $0.83 earnings per share for the quarter, topping 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%. The business's revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.60 EPS. As a group, equities analysts anticipate that Terex will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Friday, June 6th. Terex's dividend payout ratio (DPR) is presently 18.53%.

Insider Activity

In related news, insider Joshua Gross sold 5,389 shares of the firm's 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 now owns 38,755 shares in the company, valued at $1,579,266.25. This trade represents a 12.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Neo Ivy Capital Management bought a new position in Terex during the 4th quarter valued at about $29,000. Jones Financial Companies Lllp bought a new position in shares of Terex in the fourth quarter valued at approximately $31,000. Smartleaf Asset Management LLC boosted its holdings 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. boosted 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 worth $28,000 after acquiring an additional 332 shares in the last quarter. Finally, Private Trust Co. NA grew its position in Terex by 128.0% during 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 during the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.

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.