Shares of Terex Corporation (NYSE:TEX) have received an average rating of “Hold” from the nineteen analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $43.64.

TEX has been the topic of several research reports. Wells Fargo & Company set a $52.00 target price on shares of Terex and gave the stock a “buy” rating in a report on Monday, October 16th. Zacks Investment Research upgraded shares of Terex from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Wednesday, October 11th. UBS set a $52.00 price target on shares of Terex and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Barclays started coverage on shares of Terex in a research note on Tuesday. They set an “equal weight” rating and a $50.00 price target on the stock. Finally, ValuEngine cut shares of Terex from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

In other Terex news, VP Mark I. Clair sold 3,014 shares of Terex stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $45.53, for a total value of $137,227.42. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kieran Hegarty sold 15,115 shares of Terex stock in a transaction on Friday, September 15th. The shares were sold at an average price of $43.23, for a total transaction of $653,421.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 1,111 shares of company stock worth $50,693 and have sold 28,129 shares worth $1,240,649. 2.50% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC purchased a new position in shares of Terex during the 1st quarter worth about $2,079,000. Sei Investments Co. boosted its stake in shares of Terex by 19.5% during the 2nd quarter. Sei Investments Co. now owns 3,800 shares of the industrial products company’s stock worth $142,000 after purchasing an additional 619 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Terex by 7.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 103,600 shares of the industrial products company’s stock worth $3,885,000 after purchasing an additional 7,300 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Terex by 3.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 357,773 shares of the industrial products company’s stock worth $13,417,000 after purchasing an additional 11,048 shares during the period. Finally, National Planning Corp purchased a new position in shares of Terex during the 2nd quarter worth about $209,000. Institutional investors own 96.87% of the company’s stock.

Shares of Terex (NYSE TEX) traded down $1.81 on Thursday, hitting $46.23. 1,777,595 shares of the company traded hands, compared to its average volume of 1,437,939. Terex has a 12 month low of $28.67 and a 12 month high of $48.86. The company has a quick ratio of 1.53, a current ratio of 2.42 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $4,040.00, a P/E ratio of 41.18, a P/E/G ratio of 3.22 and a beta of 1.88.

Terex (NYSE:TEX) last issued its earnings results on Tuesday, October 31st. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.14. Terex had a negative net margin of 2.62% and a positive return on equity of 7.01%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company posted $0.19 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. equities analysts predict that Terex will post 1.29 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Thursday, November 9th will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.69%. Terex’s payout ratio is -16.67%.

Terex announced that its Board of Directors has approved a stock buyback plan on Wednesday, September 6th that permits the company to buyback $225.00 million in outstanding shares. This buyback authorization permits the industrial products company to repurchase up to 6.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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Terex 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.

Analyst Recommendations for Terex (NYSE:TEX)

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