Terex (NYSE:TEX) Price Target Lowered to $47.00 at Truist Financial

Terex (NYSE:TEX) had its price target trimmed by Truist Financial from $58.00 to $47.00 in a research note published on Tuesday,Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

Other equities analysts have also recently issued reports about the stock. StockNews.com cut shares of Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. UBS Group lowered shares of Terex from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $49.00 to $32.00 in a report on Monday. Barclays dropped their target price on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. The Goldman Sachs Group dropped their target price on shares of Terex from $60.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Finally, Evercore ISI dropped their target price on shares of Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $48.44.

Terex Stock Performance

NYSE:TEX opened at $34.11 on Tuesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. The company has a fifty day moving average of $40.69 and a two-hundred day moving average of $47.23. The stock has a market capitalization of $2.26 billion, a PE ratio of 6.88, a P/E/G ratio of 4.53 and a beta of 1.40. Terex has a fifty-two week low of $31.53 and a fifty-two week high of $68.08.

Terex (NYSE:TEX) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same quarter in the previous year, the firm earned $1.88 earnings per share. As a group, research analysts forecast that Terex will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date was Friday, March 7th. Terex’s dividend payout ratio is currently 13.71%.

Insider Activity at Terex

In other news, Director Andra Rush acquired 1,325 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $36.96 per share, with a total value of $48,972.00. Following the completion of the acquisition, the director now owns 23,308 shares of the company’s stock, valued at $861,463.68. This trade represents a 6.03 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Terex

A number of hedge funds have recently modified their holdings of the company. Neo Ivy Capital Management purchased a new position in Terex during the fourth quarter worth about $29,000. Jones Financial Companies Lllp purchased a new position in Terex during the fourth quarter worth about $31,000. Smartleaf Asset Management LLC boosted its stake in Terex by 46.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock worth $32,000 after buying an additional 222 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Terex during the third quarter worth about $40,000. Finally, VisionPoint Advisory Group LLC purchased a new position in Terex during the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

About Terex

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.