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 Stock Down 1.1 %
Shares of TEX Stock traded down $0.39 on Friday, reaching $34.11. 472,138 shares of the company's stock traded hands, compared to its average volume of 751,315. Terex has a 12-month low of $26.64 and a 12-month high of $53.82. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 2.00. The company has a market capitalization of $2.31 billion, a P/E ratio of 10.31, a price-to-earnings-growth ratio of 0.50 and a beta of 1.62. The business's 50 day moving average price is $31.22 and its two-hundred day moving average price is $35.33.
Terex (NYSE:TEX - Get Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $1.07 earnings per share 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 quarter in the prior year, the business earned $1.02 EPS. On average, equities analysts forecast that Terex will post 3.97 earnings per share for the current year.
Terex Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 19th. Investors of record on Friday, August 12th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $0.52 dividend on an annualized basis and a yield of 1.52%. Terex's payout ratio is 15.71%.
Analyst Upgrades and Downgrades
Several analysts have weighed in on TEX shares. Citigroup lifted their target price on Terex from $35.00 to $40.00 in a research note on Thursday. TheStreet downgraded Terex from a "b-" rating to a "c+" rating in a research note on Thursday, July 7th. Credit Suisse Group lifted their price target on Terex from $37.00 to $40.00 and gave the company a "neutral" rating in a research report on Thursday. Bank of America upgraded Terex from a "neutral" rating to a "buy" rating and lowered their price target for the company from $41.00 to $38.00 in a research report on Friday, May 13th. Finally, The Goldman Sachs Group lifted their price target on Terex from $33.00 to $37.00 and gave the company a "neutral" rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Terex presently has a consensus rating of "Moderate Buy" and an average target price of $45.50.
Insider Activity at Terex
In other Terex news, VP Scott Posner sold 2,000 shares of the business's stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.90% of the company's stock.
