Terex Corporation (NYSE:TEX) Receives $50.90 Consensus Price Target from Analysts

Shares of Terex Corporation (NYSE:TEX) have been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $50.90.

TEX has been the topic of a number of research analyst reports. Baird R W raised Terex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 13th. Evercore ISI increased their target price on shares of Terex from $59.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, May 19th. Citigroup lowered their price objective on shares of Terex from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Robert W. Baird raised shares of Terex from a “neutral” rating to an “outperform” rating and raised their target price for the company from $48.00 to $66.00 in a research note on Tuesday, May 13th. Finally, Wall Street Zen raised shares of Terex from a “sell” rating to a “hold” rating in a research note on Wednesday, May 21st.

Terex Trading Down 0.1%

Terex stock opened at $47.63 on Wednesday. The stock has a market cap of $3.16 billion, a P/E ratio of 12.98, a PEG ratio of 5.02 and a beta of 1.60. Terex has a fifty-two week low of $31.53 and a fifty-two week high of $68.08. The firm’s fifty day moving average price is $43.58 and its 200-day moving average price is $43.06. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.07 and a current ratio of 2.11.

Terex (NYSE:TEX) last released its quarterly earnings results on Friday, May 2nd. The industrial products company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.26. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Terex had a net margin of 4.89% and a return on equity of 18.79%. The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.60 earnings per share. Equities research analysts forecast that Terex will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Friday, June 6th. Terex’s dividend payout ratio (DPR) is 18.53%.

Insider Activity at Terex

In related news, insider Joshua Gross sold 5,389 shares of Terex stock in a transaction on Monday, May 5th. The shares were sold at an average price of $40.75, for a total transaction of $219,601.75. Following the transaction, the insider now owns 38,755 shares in the company, valued at approximately $1,579,266.25. The trade was a 12.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TEX. State of New Jersey Common Pension Fund D lifted its stake in shares of Terex by 16.0% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 40,840 shares of the industrial products company’s stock valued at $1,888,000 after buying an additional 5,633 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Terex by 2.8% during the 4th quarter. Principal Financial Group Inc. now owns 224,351 shares of the industrial products company’s stock valued at $10,370,000 after buying an additional 6,132 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Terex by 2.2% in the 4th quarter. New York State Common Retirement Fund now owns 22,130 shares of the industrial products company’s stock valued at $1,023,000 after acquiring an additional 467 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Terex by 25.5% in the 4th quarter. Handelsbanken Fonder AB now owns 16,753 shares of the industrial products company’s stock valued at $774,000 after acquiring an additional 3,400 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Terex by 7.9% in the 4th quarter. Bank of New York Mellon Corp now owns 725,486 shares of the industrial products company’s stock valued at $33,532,000 after acquiring an additional 52,885 shares during the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

About Terex

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.