Terex (NYSE:TEX) was upgraded by stock analysts at OTR Global to a “positive” rating in a report released on Tuesday, The Fly reports.

Other research analysts have also issued reports about the stock. Royal Bank Of Canada restated a “hold” rating and issued a $38.00 price objective on shares of Terex in a research note on Wednesday, September 13th. BMO Capital Markets reiterated a “hold” rating and set a $35.00 price target on shares of Terex in a research note on Monday, August 21st. ValuEngine lowered shares of Terex from a “buy” rating to a “hold” rating in a research note on Friday. UBS reiterated a “buy” rating and set a $44.00 price target (up from $40.00) on shares of Terex in a research note on Tuesday, August 8th. Finally, Zacks Investment Research lowered shares of Terex from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Terex has an average rating of “Hold” and a consensus price target of $41.93.

Shares of Terex (TEX) traded up $0.52 on Tuesday, reaching $46.33. 2,348,000 shares of the company were exchanged, compared to its average volume of 1,447,209. Terex has a 52-week low of $28.67 and a 52-week high of $48.86. The stock has a market capitalization of $3,910.00, a PE ratio of 40.54, a PEG ratio of 3.17 and a beta of 1.88. The company has a current ratio of 2.42, a quick ratio of 1.53 and a debt-to-equity ratio of 0.71.

Terex (NYSE:TEX) last announced its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.14. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Terex had a negative net margin of 2.62% and a positive return on equity of 7.01%. Terex’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.19 earnings per share. analysts anticipate that Terex will post 1.29 earnings per share for the current fiscal year.

Terex announced that its board has initiated a stock repurchase program on Wednesday, September 6th that allows the company to repurchase $225.00 million in shares. This repurchase authorization allows the industrial products company to reacquire up to 6.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

In other news, insider Kieran Hegarty sold 15,115 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $43.23, for a total value of $653,421.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Brian J. Henry sold 10,154 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $40.00, for a total transaction of $406,160.00. Following the completion of the sale, the senior vice president now directly owns 313,263 shares of the company’s stock, valued at approximately $12,530,520. The disclosure for this sale can be found here. In the last three months, insiders bought 1,204 shares of company stock valued at $51,805 and sold 54,737 shares valued at $2,308,703. 2.50% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TEX. PNC Financial Services Group Inc. boosted its stake in Terex by 4.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,825 shares of the industrial products company’s stock valued at $220,000 after acquiring an additional 262 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Terex by 5.7% in the 2nd quarter. Legal & General Group Plc now owns 170,769 shares of the industrial products company’s stock worth $6,400,000 after buying an additional 9,152 shares during the last quarter. AHL Partners LLP lifted its position in shares of Terex by 7.6% in the 2nd quarter. AHL Partners LLP now owns 77,063 shares of the industrial products company’s stock worth $2,890,000 after buying an additional 5,423 shares during the last quarter. Oakbrook Investments LLC bought a new position in shares of Terex in the 3rd quarter worth about $320,000. Finally, Swiss National Bank lifted its position in shares of Terex by 1.4% in the 2nd quarter. Swiss National Bank now owns 177,000 shares of the industrial products company’s stock worth $6,638,000 after buying an additional 2,500 shares during the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

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About Terex

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.

The Fly

Analyst Recommendations for Terex (NYSE:TEX)

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