Terex Co. (NYSE:TEX) Receives Average Rating of “Moderate Buy” from Brokerages

Terex Co. (NYSE:TEXGet Rating) has been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $48.45.

Several equities research analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on Terex from $50.00 to $54.00 and gave the company a “buy” rating in a report on Monday, December 19th. Citigroup raised their price objective on Terex to $45.00 in a report on Tuesday, November 1st. JPMorgan Chase & Co. raised their price objective on Terex from $42.00 to $48.00 in a report on Friday, December 9th. Morgan Stanley raised their price objective on Terex from $35.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, December 14th. Finally, Deutsche Bank Aktiengesellschaft downgraded Terex from a “buy” rating to a “hold” rating and set a $46.00 price objective on the stock. in a report on Monday, December 5th.

Terex Trading Up 3.1 %

Shares of TEX stock opened at $43.53 on Friday. The stock’s fifty day moving average price is $43.42 and its two-hundred day moving average price is $36.25. The company has a market cap of $2.94 billion, a PE ratio of 11.37, a P/E/G ratio of 0.48 and a beta of 1.66. Terex has a fifty-two week low of $26.64 and a fifty-two week high of $47.49. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.93 and a current ratio of 1.96.

Terex (NYSE:TEXGet Rating) last issued its earnings results on Thursday, October 27th. The industrial products company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.15. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.07 billion. Terex had a return on equity of 24.72% and a net margin of 6.36%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 EPS. Equities analysts predict that Terex will post 4.12 EPS for the current fiscal year.

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 19th. Stockholders of record on Thursday, November 10th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Wednesday, November 9th. Terex’s dividend payout ratio (DPR) is presently 13.58%.

Insider Transactions at Terex

In other news, VP Amy George sold 5,000 shares of Terex stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $42.05, for a total value of $210,250.00. Following the completion of the transaction, the vice president now directly owns 109,323 shares of the company’s stock, valued at approximately $4,597,032.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, VP Scott Posner sold 2,500 shares of the business’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $44.68, for a total value of $111,700.00. Following the completion of the sale, the vice president now directly owns 62,065 shares of the company’s stock, valued at approximately $2,773,064.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Amy George sold 5,000 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $42.05, for a total value of $210,250.00. Following the completion of the sale, the vice president now directly owns 109,323 shares of the company’s stock, valued at $4,597,032.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,500 shares of company stock valued at $1,996,150. Corporate insiders own 2.90% of the company’s stock.

Institutional Trading of Terex

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TEX. Raymond James & Associates increased its position in Terex by 17.7% in the 1st quarter. Raymond James & Associates now owns 39,745 shares of the industrial products company’s stock valued at $1,417,000 after buying an additional 5,990 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Terex during the 1st quarter valued at about $291,000. PNC Financial Services Group Inc. boosted its stake in Terex by 106.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,369 shares of the industrial products company’s stock valued at $368,000 after purchasing an additional 5,351 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Terex by 42.6% during the 1st quarter. Acadian Asset Management LLC now owns 4,984 shares of the industrial products company’s stock valued at $177,000 after purchasing an additional 1,488 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its stake in Terex by 40.1% during the 1st quarter. MetLife Investment Management LLC now owns 80,649 shares of the industrial products company’s stock valued at $2,876,000 after purchasing an additional 23,093 shares during the last quarter. 87.37% of the stock is owned by institutional investors.

About Terex

(Get Rating)

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Aerial Work Platforms (AWP) and Materials Processing (MP). The AWP segment designs, manufactures, services, and markets aerial work platform equipment, utility equipment, and telehandlers under the Terex and Genie brands.

See Also

Analyst Recommendations for Terex (NYSE:TEX)

Receive News & Ratings for Terex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terex and related companies with MarketBeat.com's FREE daily email newsletter.