Terex Corporation (NYSE:TEX) – Stock analysts at William Blair raised their FY2017 earnings estimates for shares of Terex Corporation in a report issued on Wednesday. William Blair analyst L. De. Maria now anticipates that the industrial products company will post earnings of $1.15 per share for the year, up from their previous forecast of $0.95.

A number of other analysts also recently issued reports on TEX. Credit Suisse Group reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Terex Corporation in a research note on Thursday, April 13th. Barclays PLC lifted their price objective on Terex Corporation from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 19th. BMO Capital Markets reaffirmed a “hold” rating and issued a $35.00 price objective on shares of Terex Corporation in a research note on Thursday, April 20th. J P Morgan Chase & Co raised Terex Corporation from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $30.00 to $47.00 in a research note on Tuesday, April 25th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Terex Corporation in a research note on Wednesday, April 26th. Four analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Terex Corporation currently has a consensus rating of “Hold” and a consensus target price of $35.94.

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Shares of Terex Corporation (TEX) opened at 39.44 on Monday. The firm has a 50-day moving average price of $37.34 and a 200 day moving average price of $33.55. Terex Corporation has a 52 week low of $21.88 and a 52 week high of $39.90. The stock’s market cap is $3.77 billion.

Terex Corporation (NYSE:TEX) last issued its earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.09. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. Terex Corporation had a positive return on equity of 4.98% and a negative net margin of 1.76%. Terex Corporation’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 earnings per share.

Institutional investors have recently bought and sold shares of the stock. Sei Investments Co. boosted its position in Terex Corporation by 19.5% in the second quarter. Sei Investments Co. now owns 3,800 shares of the industrial products company’s stock worth $142,000 after buying an additional 619 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Terex Corporation by 7.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,563 shares of the industrial products company’s stock worth $175,000 after buying an additional 403 shares during the last quarter. National Planning Corp acquired a new position in Terex Corporation during the second quarter worth about $209,000. US Bancorp DE boosted its position in Terex Corporation by 9.3% in the first quarter. US Bancorp DE now owns 5,989 shares of the industrial products company’s stock worth $188,000 after buying an additional 510 shares during the last quarter. Finally, New England Research & Management Inc. acquired a new position in Terex Corporation during the second quarter worth about $274,000. Institutional investors own 90.89% of the company’s stock.

In related news, SVP Kevin Bradley sold 3,000 shares of the business’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $39.00, for a total transaction of $117,000.00. Following the completion of the transaction, the senior vice president now owns 45,612 shares in the company, valued at approximately $1,778,868. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Eric I. Cohen sold 10,000 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $36.42, for a total value of $364,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 841 shares of company stock valued at $29,607 and have sold 71,508 shares valued at $2,502,041. 2.50% of the stock is owned by insiders.

Terex Corporation announced that its Board of Directors has authorized a stock buyback program on Tuesday, May 30th that permits the company to repurchase $280.00 million in shares. This repurchase authorization permits the industrial products company to purchase up to 8.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Wednesday, August 9th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Monday, August 7th. Terex Corporation’s payout ratio is currently -50.79%.

Terex Corporation Company Profile

Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.

Earnings History and Estimates for Terex Corporation (NYSE:TEX)

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