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

A number of brokerages recently weighed in on TEX. Bank of America raised Terex from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $41.00 to $38.00 in a report on Friday, May 13th. JPMorgan Chase & Co. reduced their price objective on shares of Terex from $57.00 to $35.00 and set an "overweight" rating for the company in a research note on Tuesday, July 12th. Citigroup upped their target price on shares of Terex from $35.00 to $40.00 in a research report on Thursday, August 4th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Terex from $65.00 to $61.00 in a research report on Monday, May 2nd. Finally, TheStreet cut Terex from a "b-" rating to a "c+" rating in a report on Thursday, July 7th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Terex currently has an average rating of "Moderate Buy" and a consensus target price of $45.75.

Terex Stock Up 1.2 %

TEX opened at $37.58 on Friday. The firm has a market cap of $2.55 billion, a P/E ratio of 11.35, a PEG ratio of 0.54 and a beta of 1.62. The business's fifty day simple moving average is $31.26 and its 200 day simple moving average is $35.12. 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.

Terex (NYSE:TEX - Get Rating) last released its earnings results on Tuesday, August 2nd. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating 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 last year, the business posted $1.02 EPS. As a group, equities research analysts anticipate that Terex will post 4.01 EPS for the current fiscal year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 19th. Shareholders of record on Friday, August 12th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $0.52 annualized dividend and a yield of 1.38%. Terex's dividend payout ratio (DPR) is presently 15.71%.

Insider Buying and Selling at Terex

In other 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 completion of the sale, the vice president now owns 64,621 shares of the company's stock, valued at $2,194,529.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.90% of the stock is currently owned by insiders.