Terex Co. Plans Quarterly Dividend of $0.05 (TEX)
Terex (NYSE:TEX) announced a quarterly dividend on Thursday, July 10th, AnalystRatingsNetwork.com reports. Stockholders of record on Monday, August 11th will be paid a dividend of 0.05 per share on Friday, September 19th. This represents a $0.20 annualized dividend and a dividend yield of 0.48%.
Several analysts have recently commented on the stock. Analysts at Global Hunter Securities initiated coverage on shares of Terex in a research note on Thursday, June 19th. They set an “accumulate” rating and a $47.00 price target on the stock. On a related note, 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. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Terex presently has an average rating of “Hold” and a consensus price target of $46.46.
Shares of Terex (NYSE:TEX) opened at 41.58 on Thursday. Terex has a 52-week low of $27.30 and a 52-week high of $45.46. The stock’s 50-day moving average is $39.94 and its 200-day moving average is $41.34. The company has a market cap of $4.586 billion and a P/E ratio of 20.46.
Terex (NYSE:TEX) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the 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. On average, analysts predict that Terex will post $2.68 earnings per share for the current fiscal year.
In other Terex news, CFO Kevin Bradley unloaded 2,500 shares of Terex stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $41.44, for a total transaction of $103,600.00. The transaction was disclosed in a filing with the SEC, 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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