Terex (NYSE:TEX) Price Target Raised to $50.00 at Truist Financial

Terex (NYSE:TEX) had its target price hoisted by Truist Financial from $47.00 to $50.00 in a research report released on Monday morning,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

TEX has been the subject of several other reports. UBS Group downgraded shares of Terex from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $49.00 to $32.00 in a research note on Monday, April 7th. JPMorgan Chase & Co. boosted their price target on Terex from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Monday. StockNews.com cut Terex from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Evercore ISI reduced their target price on Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Finally, Citigroup dropped their price target on Terex from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Terex has a consensus rating of “Hold” and an average target price of $46.40.

Terex Trading Up 1.6 %

Shares of TEX stock opened at $40.49 on Monday. The business has a 50-day moving average of $37.44 and a 200 day moving average of $45.07. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. Terex has a 1-year low of $31.53 and a 1-year high of $68.08. The stock has a market capitalization of $2.68 billion, a PE ratio of 8.16, a P/E/G ratio of 4.53 and a beta of 1.52.

Terex (NYSE:TEX) last issued its earnings results on Friday, May 2nd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.26. Terex had a net margin of 6.54% and a return on equity of 21.99%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the business earned $1.60 earnings per share. The business’s revenue was down 4.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Terex will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.68%. The ex-dividend date was Friday, March 7th. Terex’s dividend payout ratio is currently 18.53%.

Insider Activity

In other Terex news, Director Andra Rush bought 1,325 shares of the stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the acquisition, the director now owns 23,308 shares of the company’s stock, valued at approximately $861,463.68. This trade represents a 6.03 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Foundry Partners LLC boosted its holdings in Terex by 0.5% in the first quarter. Foundry Partners LLC now owns 99,445 shares of the industrial products company’s stock worth $3,757,000 after acquiring an additional 536 shares in the last quarter. Easterly Investment Partners LLC boosted its stake in Terex by 42.2% in the 1st quarter. Easterly Investment Partners LLC now owns 33,686 shares of the industrial products company’s stock worth $1,273,000 after purchasing an additional 10,000 shares in the last quarter. Victory Capital Management Inc. grew its position in Terex by 14.0% during the 1st quarter. Victory Capital Management Inc. now owns 848,839 shares of the industrial products company’s stock valued at $32,069,000 after purchasing an additional 104,554 shares during the last quarter. Signaturefd LLC increased its stake in Terex by 88.8% during the 1st quarter. Signaturefd LLC now owns 2,173 shares of the industrial products company’s stock valued at $82,000 after purchasing an additional 1,022 shares in the last quarter. Finally, CWM LLC raised its holdings in Terex by 1.5% in the first quarter. CWM LLC now owns 76,208 shares of the industrial products company’s stock worth $2,879,000 after buying an additional 1,102 shares during the last quarter. Institutional investors own 92.88% of the company’s stock.

Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.