Terex Co. Plans Quarterly Dividend of $0.05 (TEX)
Terex (NYSE:TEX) announced a quarterly dividend on Tuesday, May 27th, StockRatingsNetwork.com reports. Stockholders of record on Tuesday, June 10th will be paid a dividend of 0.05 per share on Thursday, June 19th. This represents a $0.20 annualized dividend and a dividend yield of 0.51%.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Terex from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 21st. They now have a $41.00 price target on the stock. On a related note, analysts at Barclays reiterated an “overweight” rating on shares of Terex in a research note on Friday, May 2nd. They now have a $50.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Terex from $51.00 to $55.00 in a research note on Friday, May 2nd. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $45.15.
Shares of Terex (NYSE:TEX) traded up 0.46% during mid-day trading on Tuesday, hitting $39.57. 444,504 shares of the company’s stock traded hands. Terex has a one year low of $25.60 and a one year high of $45.46. The stock’s 50-day moving average is $41.14 and its 200-day moving average is $40.47. The company has a market cap of $4.365 billion and a price-to-earnings ratio of 19.47.
Terex (NYSE:TEX) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.35 by $0.07. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.70 billion. Analysts expect that Terex will post $2.68 EPS for the current fiscal year.
In other Terex news, Insider Kevin Barr unloaded 5,912 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $40.22, for a total transaction of $237,780.64. Following the completion of the transaction, the insider now directly owns 118,890 shares of the company’s stock, valued at approximately $4,781,756. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Terex Corporation is a diversified global equipment manufacturer of machinery products. The Company is focused on delivering reliable, customer-driven solutions for a wide range of commercial applications, including the construction, infrastructure, quarrying, mining, manufacturing, shipping, transportation, refining, energy and utility industries.
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