Terex Co. (NYSE:TEX) Given Average Rating of “Moderate Buy” by Analysts

Terex Co. (NYSE:TEX) has been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $50.20.

A number of research analysts recently commented on TEX shares. Robert W. Baird raised shares of Terex from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $48.00 to $66.00 in a research report on Tuesday, May 13th. Wall Street Zen raised shares of Terex from a “sell” rating to a “hold” rating in a research report on Wednesday, May 21st. The Goldman Sachs Group upgraded Terex from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $45.00 to $60.00 in a report on Tuesday, May 27th. UBS Group upgraded shares of Terex from a “sell” rating to a “neutral” rating and lifted their target price for the company from $34.00 to $48.00 in a research note on Friday, May 16th. Finally, Evercore ISI boosted their target price on shares of Terex from $59.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, May 19th.

Terex Stock Up 1.5%

Shares of NYSE:TEX opened at $46.46 on Friday. 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 market cap of $3.08 billion, a PE ratio of 9.37, a price-to-earnings-growth ratio of 4.53 and a beta of 1.60. Terex has a 52 week low of $31.53 and a 52 week high of $68.08. The firm has a 50 day simple moving average of $40.07 and a 200 day simple moving average of $43.82.

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

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, June 6th. Terex’s payout ratio is 18.53%.

Insider Transactions at Terex

In other news, insider Joshua Gross sold 5,389 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $40.75, for a total value of $219,601.75. Following the completion of the sale, the insider now directly owns 38,755 shares in the company, valued at approximately $1,579,266.25. The trade was a 12.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is owned by corporate insiders.

Institutional Trading of Terex

Institutional investors and hedge funds have recently modified their holdings of the company. Neo Ivy Capital Management acquired a new stake in shares of Terex in the fourth quarter worth $29,000. Jones Financial Companies Lllp acquired a new stake in shares of Terex in the fourth quarter worth $31,000. Smartleaf Asset Management LLC lifted its stake in shares of Terex by 46.1% in 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 last quarter. UMB Bank n.a. lifted its stake in shares of Terex by 83.0% in the first quarter. UMB Bank n.a. now owns 732 shares of the industrial products company’s stock worth $28,000 after buying an additional 332 shares during the last quarter. Finally, Private Trust Co. NA lifted its stake in shares of Terex by 128.0% in the first quarter. Private Trust Co. NA now owns 773 shares of the industrial products company’s stock worth $29,000 after buying an additional 434 shares during the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Terex Company Profile

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.