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.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TEX shares. KeyCorp reduced their target price on Terex from $54.00 to $44.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 12th. TheStreet lowered Terex from a "b-" rating to a "c+" rating in a research report on Thursday, July 7th. The Goldman Sachs Group upped their target price on shares of Terex from $33.00 to $37.00 and gave the stock a "neutral" rating in a research report on Thursday, August 4th. JPMorgan Chase & Co. lowered their price objective on Terex from $57.00 to $35.00 and set an "overweight" rating for the company in a research note on Tuesday, July 12th. Finally, Morgan Stanley increased their price target on shares of Terex from $30.00 to $33.00 and gave the company an "equal weight" rating in a report on Monday, August 8th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $45.75.

Terex Trading Up 1.1 %

TEX traded up $0.39 during trading hours on Thursday, reaching $36.96. 21,328 shares of the company's stock traded hands, compared to its average volume of 722,484. 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 firm has a 50-day moving average price of $31.28 and a 200 day moving average price of $35.09. The firm has a market capitalization of $2.51 billion, a PE ratio of 11.17, a PEG ratio of 0.55 and a beta of 1.62. Terex has a 52-week low of $26.64 and a 52-week high of $52.50.

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

Terex Announces Dividend

The business 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 dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Thursday, August 11th. Terex's dividend payout ratio is presently 15.71%.

Insider Buying and Selling at Terex

In other news, VP Scott Posner sold 2,000 shares of the business's stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $33.96, for a total transaction of $67,920.00. Following the sale, the vice president now directly owns 64,621 shares of the company's stock, valued at $2,194,529.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is currently owned by company insiders.