Terex Co. (NYSE:TEX) Given Consensus Recommendation of "Hold" by Analysts

Shares of Terex Co. (NYSE:TEX - Get Free Report) have received an average rating of "Hold" from the ten research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $60.33.

Several brokerages have commented on TEX. The Goldman Sachs Group lowered their price objective on shares of Terex from $72.00 to $62.00 and set a "neutral" rating on the stock in a research report on Friday, September 20th. Citigroup lowered their price target on shares of Terex from $60.00 to $57.00 and set a "neutral" rating on the stock in a research report on Monday, September 23rd. Evercore ISI lowered their price target on shares of Terex from $67.00 to $59.00 and set an "outperform" rating on the stock in a research report on Monday, August 19th. JPMorgan Chase & Co. reduced their price objective on shares of Terex from $65.00 to $62.00 and set a "neutral" rating for the company in a research note on Monday. Finally, Raymond James assumed coverage on shares of Terex in a research note on Friday, June 28th. They set a "market perform" rating for the company.

Insiders Place Their Bets

In related news, Director Andra Rush purchased 2,205 shares of the business's stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of $54.36 per share, with a total value of $119,863.80. Following the purchase, the director now directly owns 21,983 shares in the company, valued at approximately $1,194,995.88. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Terex

A number of hedge funds have recently made changes to their positions in the business. Blue Trust Inc. lifted its holdings in shares of Terex by 89.3% in the 3rd quarter. Blue Trust Inc. now owns 969 shares of the industrial products company's stock worth $53,000 after acquiring an additional 457 shares during the last quarter. Stratos Wealth Advisors LLC raised its holdings in Terex by 32.9% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 32,958 shares of the industrial products company's stock valued at $1,744,000 after buying an additional 8,153 shares during the last quarter. nVerses Capital LLC raised its holdings in Terex by 15.8% during the 3rd quarter. nVerses Capital LLC now owns 4,400 shares of the industrial products company's stock valued at $233,000 after buying an additional 600 shares during the last quarter. Creative Planning raised its holdings in Terex by 15.4% during the 3rd quarter. Creative Planning now owns 19,998 shares of the industrial products company's stock valued at $1,058,000 after buying an additional 2,664 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Terex by 24.7% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 33,300 shares of the industrial products company's stock valued at $1,762,000 after buying an additional 6,600 shares during the last quarter. 92.88% of the stock is currently owned by institutional investors.

Terex Stock Down 0.4 %

Shares of NYSE TEX traded down $0.21 during mid-day trading on Friday, reaching $56.14. 308,921 shares of the company's stock traded hands, compared to its average volume of 824,021. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.21 and a quick ratio of 1.07. The business has a 50-day simple moving average of $53.44 and a 200 day simple moving average of $56.86. Terex has a 1-year low of $43.70 and a 1-year high of $68.08. The stock has a market cap of $3.78 billion, a P/E ratio of 7.44, a PEG ratio of 4.59 and a beta of 1.53.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.16 EPS for the quarter, topping the consensus estimate of $2.06 by $0.10. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.43 billion. Terex had a net margin of 9.55% and a return on equity of 27.89%. The company's revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.35 earnings per share. On average, analysts expect that Terex will post 5.91 EPS for the current fiscal year.

Terex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a yield of 1.21%. Terex's dividend payout ratio is presently 9.01%.

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.