Terex (NYSE:TEX) Stock Rating Upgraded by Robert W. Baird

Robert W. Baird upgraded shares of Terex (NYSE:TEX) from a neutral rating to an outperform rating in a research report sent to investors on Tuesday morning, MarketBeat reports. Robert W. Baird currently has $66.00 target price on the industrial products company’s stock, up from their prior target price of $48.00.

Several other research firms also recently weighed in on TEX. UBS Group downgraded Terex from a “neutral” rating to a “sell” rating and cut their price target for the stock from $49.00 to $32.00 in a research note on Monday, April 7th. Barclays cut their price target on Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. StockNews.com downgraded Terex from a “hold” rating to a “sell” rating in a research note on Tuesday. Citigroup cut their price target on Terex from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. increased their price target on Terex from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $47.50.

Terex Trading Up 4.8%

Shares of Terex stock opened at $46.96 on Tuesday. Terex has a 1 year low of $31.53 and a 1 year high of $68.08. The firm has a market cap of $3.11 billion, a PE ratio of 9.47, a P/E/G ratio of 4.53 and a beta of 1.52. The stock has a fifty day moving average price of $37.74 and a 200-day moving average price of $44.65. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09.

Terex (NYSE:TEX) last announced its earnings results on Friday, May 2nd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.26. Terex had a return on equity of 21.99% and a net margin of 6.54%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the firm posted $1.60 EPS. The business’s revenue was down 4.9% compared to the same quarter last year. Equities research analysts anticipate that Terex will post 4.83 EPS for the current year.

Insiders Place Their Bets

In other Terex news, insider Joshua Gross sold 5,389 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $40.75, for a total value of $219,601.75. Following the sale, the insider now owns 38,755 shares of the company’s stock, valued at $1,579,266.25. This trade represents a 12.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andra Rush purchased 1,325 shares of the stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the acquisition, the director now owns 23,308 shares in the company, valued at approximately $861,463.68. This represents a 6.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.90% of the stock is owned by corporate insiders.

Institutional Trading of Terex

Several institutional investors and hedge funds have recently modified their holdings of TEX. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Terex in the 4th quarter valued at about $59,179,000. FMR LLC raised its holdings in shares of Terex by 17.0% during the 4th quarter. FMR LLC now owns 8,782,287 shares of the industrial products company’s stock valued at $405,917,000 after buying an additional 1,272,920 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Terex by 94.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,150,673 shares of the industrial products company’s stock valued at $99,404,000 after buying an additional 1,046,600 shares in the last quarter. Norges Bank purchased a new position in shares of Terex during the 4th quarter valued at about $35,001,000. Finally, First Trust Advisors LP raised its holdings in shares of Terex by 43.2% during the 4th quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company’s stock valued at $89,247,000 after buying an additional 582,819 shares in the last quarter. 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.