Barclays Cuts Terex (NYSE:TEX) Price Target to $52.00

Terex (NYSE:TEX - Get Free Report) had its price objective reduced by stock analysts at Barclays from $60.00 to $52.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the industrial products company's stock. Barclays's price target indicates a potential upside of 15.74% from the company's previous close.

A number of other analysts have also recently weighed in on TEX. JPMorgan Chase & Co. dropped their target price on shares of Terex from $59.00 to $52.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Truist Financial dropped their target price on shares of Terex from $65.00 to $58.00 and set a "buy" rating on the stock in a report on Thursday, December 19th. Citigroup dropped their target price on shares of Terex from $57.00 to $48.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. StockNews.com cut shares of Terex from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Finally, Robert W. Baird dropped their target price on shares of Terex from $65.00 to $55.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Terex currently has a consensus rating of "Hold" and an average price target of $56.11.

Terex Stock Up 0.1 %

TEX traded up $0.05 during trading on Monday, hitting $44.93. The company had a trading volume of 871,128 shares, compared to its average volume of 815,822. The company has a market cap of $3.00 billion, a PE ratio of 9.06, a P/E/G ratio of 4.53 and a beta of 1.54. The business has a 50-day moving average of $46.91 and a 200-day moving average of $51.55. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.16. Terex has a 1-year low of $43.23 and a 1-year high of $68.08.

Terex (NYSE:TEX - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same period in the previous year, the firm earned $1.88 EPS. As a group, analysts forecast that Terex will post 5.03 earnings per share for the current year.

Insider Buying and Selling

In related news, Director David A. Sachs bought 20,000 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of $49.75 per share, for a total transaction of $995,000.00. Following the transaction, the director now directly owns 137,500 shares of the company's stock, valued at approximately $6,840,625. This represents a 17.02 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Simon Meester sold 9,877 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total transaction of $505,109.78. Following the completion of the transaction, the chief executive officer now owns 127,858 shares of the company's stock, valued at $6,538,658.12. This represents a 7.17 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On Terex

Several large investors have recently made changes to their positions in the business. Canada Pension Plan Investment Board boosted its position in shares of Terex by 21.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,300 shares of the industrial products company's stock valued at $106,000 after purchasing an additional 400 shares in the last quarter. Barclays PLC boosted its position in shares of Terex by 24.6% during the 4th quarter. Barclays PLC now owns 160,988 shares of the industrial products company's stock valued at $7,441,000 after purchasing an additional 31,738 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Terex by 56.9% during the 4th quarter. Ameritas Investment Partners Inc. now owns 32,131 shares of the industrial products company's stock valued at $1,485,000 after purchasing an additional 11,655 shares in the last quarter. Sterling Capital Management LLC boosted its position in shares of Terex by 817.0% during the 4th quarter. Sterling Capital Management LLC now owns 2,100 shares of the industrial products company's stock valued at $97,000 after purchasing an additional 1,871 shares in the last quarter. Finally, LSV Asset Management boosted its position in shares of Terex by 35.4% during the 4th quarter. LSV Asset Management now owns 34,400 shares of the industrial products company's stock valued at $1,590,000 after purchasing an additional 9,000 shares in the last quarter. 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.