Terex - TEX Stock Forecast, Price & News

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Aerial Work Platforms (AWP) and Materials Processing (MP). The AWP segment designs, manufactures, services, and markets aerial work platform equipment, utility equipment, and telehandlers under the Terex and Genie brands. Its products include portable material lifts, portable aerial work platforms, trailer-mounted articulating booms, self-propelled articulating and telescopic booms, scissor lifts, utility equipment, and telehandlers, as well as related components and replacement parts for construction and maintenance of industrial, commercial, institutional, and residential buildings and facilities, utility and telecommunication lines, construction and foundation drilling applications, and other commercial operations, as well as in tree trimming and various infrastructure projects. The MP segment's 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, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands and business lines. Its products are used in construction, infrastructure, and recycling projects; quarrying and mining, and material handling applications; maintenance applications to lift equipment or material; and landscaping and biomass production industries. The company offers financing solutions to assist customers in the rental, leasing, and acquisition of its products. Terex Corporation was incorporated in 1986 and is based in Norwalk, Connecticut.

Terex Price Performance

NYSE:TEX opened at $37.58 on Monday. Terex has a 52 week low of $26.64 and a 52 week high of $53.75. The company has a quick ratio of 0.99, a current ratio of 2.00 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $2.55 billion, a P/E ratio of 11.35, a P/E/G ratio of 0.54 and a beta of 1.62. The stock's fifty day moving average is $31.26 and its two-hundred day moving average is $35.08.

Terex (NYSE:TEX - Get Rating) last posted its earnings results on Tuesday, August 2nd. The industrial products company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.20. Terex had a return on equity of 21.46% and a net margin of 5.73%. During the same period in the prior year, the company earned $1.02 EPS. Equities analysts expect that Terex will post 4.01 EPS for the current year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 19th. Shareholders of record on Friday, August 12th will be given a $0.13 dividend. The ex-dividend date is Thursday, August 11th. This represents a $0.52 dividend on an annualized basis and a yield of 1.38%. Terex's dividend payout ratio is currently 15.71%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Citigroup lifted their price target on Terex from $35.00 to $40.00 in a research note on Thursday, August 4th. TheStreet lowered Terex from a "b-" rating to a "c+" rating in a research note on Thursday, July 7th. KeyCorp lowered their price target on Terex from $54.00 to $44.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 12th. The Goldman Sachs Group lifted their price target on Terex from $33.00 to $37.00 and gave the stock a "neutral" rating in a research note on Thursday, August 4th. Finally, Bank of America raised Terex from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $41.00 to $38.00 in a research note on Friday, May 13th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $45.75.

Insider Buying and Selling at Terex

In other Terex news, VP Scott Posner sold 2,000 shares of Terex stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $33.96, for a total value of $67,920.00. Following the sale, the vice president now owns 64,621 shares in the company, valued at $2,194,529.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.90% of the company's stock.