Terex Corporation (NYSE:TEX) Receives Average Rating of “Moderate Buy” from Brokerages

Terex Corporation (NYSE:TEX) has been given a consensus rating of “Moderate Buy” by the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Five 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 twelve-month price target among analysts that have issued a report on the stock in the last year is $52.2222.

Several brokerages recently issued reports on TEX. The Goldman Sachs Group upgraded shares of Terex from a “neutral” rating to a “buy” rating and increased their price target for the stock from $45.00 to $60.00 in a research note on Tuesday, May 27th. Truist Financial set a $62.00 price target on shares of Terex in a research note on Monday, August 4th. Evercore ISI increased their price target on shares of Terex from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, May 19th. Robert W. Baird upgraded shares of Terex from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $48.00 to $66.00 in a research note on Tuesday, May 13th. Finally, UBS Group increased their price target on shares of Terex from $48.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, July 10th.

Insider Activity

In other news, VP Scott Posner sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $50.50, for a total transaction of $252,500.00. Following the sale, the vice president owned 70,308 shares of the company’s stock, valued at $3,550,554. This trade represents a 6.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Terex

Institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. boosted its holdings in shares of Terex by 83.0% during the 1st quarter. UMB Bank n.a. now owns 732 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 332 shares during the last quarter. Rise Advisors LLC boosted its holdings in shares of Terex by 65.3% during the 2nd quarter. Rise Advisors LLC now owns 610 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 241 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Terex by 167.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 369 shares during the period. Neo Ivy Capital Management bought a new position in shares of Terex in the 4th quarter worth approximately $29,000. Finally, Private Trust Co. NA lifted its stake in shares of Terex by 128.0% in the 1st quarter. Private Trust Co. NA now owns 773 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 434 shares during the period. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Terex Stock Up 0.5%

Shares of NYSE TEX opened at $50.50 on Thursday. The company has a current ratio of 2.08, a quick ratio of 1.11 and a debt-to-equity ratio of 1.31. Terex has a 12 month low of $31.53 and a 12 month high of $58.66. The firm has a market capitalization of $3.31 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 5.07 and a beta of 1.62. The firm has a fifty day simple moving average of $49.15 and a two-hundred day simple moving average of $43.88.

Terex (NYSE:TEX) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.05. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.46 billion. Terex had a net margin of 3.46% and a return on equity of 15.95%. Terex’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business earned $2.16 EPS. Equities analysts expect that Terex will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Monday, August 11th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, August 11th. Terex’s dividend payout ratio (DPR) is presently 25.37%.

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.