Terex Co. (NYSE:TEX) Receives $65.08 Consensus PT from Analysts

Shares of Terex Co. (NYSE:TEX) have been assigned an average recommendation of “Hold” from the twelve analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $65.08.

Several brokerages recently issued reports on TEX. JPMorgan Chase & Co. cut Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price objective on the stock. in a research note on Monday, March 18th. UBS Group downgraded Terex from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $61.00 to $62.00 in a report on Tuesday, February 13th. Citigroup increased their target price on shares of Terex from $54.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Truist Financial initiated coverage on shares of Terex in a report on Thursday, March 14th. They issued a “buy” rating and a $73.00 price target for the company. Finally, The Goldman Sachs Group increased their price objective on shares of Terex from $52.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, February 13th.

Insider Transactions at Terex

In related news, CEO John L. Garrison, Jr. sold 59,094 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $60.07, for a total value of $3,549,776.58. Following the completion of the transaction, the chief executive officer now directly owns 380,834 shares of the company’s stock, valued at approximately $22,876,698.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO John L. Garrison, Jr. sold 59,094 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $60.07, for a total transaction of $3,549,776.58. Following the sale, the chief executive officer now directly owns 380,834 shares of the company’s stock, valued at $22,876,698.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John L. Garrison, Jr. sold 50,000 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $64.28, for a total value of $3,214,000.00. Following the completion of the transaction, the chief executive officer now owns 315,483 shares of the company’s stock, valued at approximately $20,279,247.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 132,039 shares of company stock worth $8,078,574. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Terex

A number of large investors have recently bought and sold shares of the company. National Bank of Canada FI purchased a new stake in Terex in the third quarter valued at $919,000. SG Americas Securities LLC grew its holdings in Terex by 314.2% during the third quarter. SG Americas Securities LLC now owns 19,324 shares of the industrial products company’s stock worth $1,113,000 after acquiring an additional 14,659 shares during the period. Avior Wealth Management LLC grew its holdings in Terex by 440.7% during the third quarter. Avior Wealth Management LLC now owns 492 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 401 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in Terex in the third quarter valued at approximately $212,000. Finally, Handelsbanken Fonder AB boosted its position in Terex by 96.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 17,953 shares of the industrial products company’s stock worth $1,034,000 after purchasing an additional 8,800 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Terex Stock Down 0.5 %

Shares of TEX opened at $59.59 on Friday. The firm has a fifty day moving average price of $60.06 and a 200-day moving average price of $56.29. The company has a current ratio of 2.01, a quick ratio of 0.95 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $4.01 billion, a P/E ratio of 7.89, a P/E/G ratio of 0.59 and a beta of 1.64. Terex has a 12-month low of $42.50 and a 12-month high of $65.89.

Terex (NYSE:TEX) last announced its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.41. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. Terex had a net margin of 9.87% and a return on equity of 31.52%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the business posted $1.34 EPS. Equities research analysts expect that Terex will post 7.05 earnings per share for the current year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, March 7th. Terex’s dividend payout ratio (DPR) is presently 9.01%.

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.