JPMorgan Chase & Co. Has Lowered Expectations for Terex (NYSE:TEX) Stock Price

Terex (NYSE:TEX - Free Report) had its target price cut by JPMorgan Chase & Co. from $51.00 to $48.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the industrial products company's stock.

Several other research analysts have also recently commented on the stock. Citigroup lowered their price target on shares of Terex from $48.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Barclays dropped their target price on Terex from $60.00 to $52.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. Truist Financial decreased their price target on Terex from $65.00 to $58.00 and set a "buy" rating for the company in a report on Thursday, December 19th. Evercore ISI dropped their price objective on Terex from $63.00 to $59.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Finally, StockNews.com cut Terex from a "hold" rating to a "sell" rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Terex has a consensus rating of "Hold" and an average price target of $54.22.

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Terex Trading Up 0.1 %

NYSE:TEX traded up $0.03 on Tuesday, reaching $39.11. 3,958,068 shares of the company's stock were exchanged, compared to its average volume of 839,087. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 7.88, a price-to-earnings-growth ratio of 4.53 and a beta of 1.56. Terex has a 52-week low of $36.15 and a 52-week high of $68.08. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. The business has a fifty day moving average of $44.09 and a 200-day moving average of $48.92.

Terex (NYSE:TEX - Get Free Report) last released its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.01. Terex had a return on equity of 21.99% and a net margin of 6.54%. During the same period last year, the firm earned $1.88 earnings per share. As a group, analysts expect that Terex will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th were issued a $0.17 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.74%. Terex's payout ratio is 13.71%.

Insider Buying and Selling

In related news, Director Andra Rush purchased 1,325 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $36.96 per share, with a total value of $48,972.00. Following the completion of the acquisition, the director now directly owns 23,308 shares in the company, valued at $861,463.68. This trade represents a 6.03 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 1.90% of the stock is owned by company insiders.

Institutional Trading of Terex

Several hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in Terex by 46.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 222 shares in the last quarter. Lingohr Asset Management GmbH lifted its holdings in shares of Terex by 2.0% in the 3rd quarter. Lingohr Asset Management GmbH now owns 11,516 shares of the industrial products company's stock valued at $607,000 after buying an additional 230 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Terex by 0.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 36,671 shares of the industrial products company's stock valued at $1,695,000 after buying an additional 237 shares in the last quarter. Blue Trust Inc. grew its holdings in Terex by 26.8% during the fourth quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock worth $57,000 after acquiring an additional 260 shares during the period. Finally, Barnett & Company Inc. raised its position in Terex by 4.3% in the fourth quarter. Barnett & Company Inc. now owns 7,300 shares of the industrial products company's stock worth $337,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds 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.