Terex (NYSE:TEX) Price Target Lowered to $55.00 at Jefferies Financial Group

Terex (NYSE:TEX - Free Report) had its price target reduced by Jefferies Financial Group from $68.00 to $55.00 in a research report released on Thursday, Benzinga reports. They currently have a hold rating on the industrial products company's stock.

A number of other research analysts have also weighed in on the stock. UBS Group raised their target price on shares of Terex from $62.00 to $64.00 and gave the stock a neutral rating in a research note on Tuesday, May 21st. Citigroup assumed coverage on shares of Terex in a research report on Wednesday, June 26th. They set a neutral rating and a $60.00 price target on the stock. JPMorgan Chase & Co. reduced their price target on shares of Terex from $63.00 to $59.00 and set a neutral rating on the stock in a research report on Wednesday. Truist Financial reduced their price target on shares of Terex from $73.00 to $68.00 and set a buy rating on the stock in a research report on Tuesday, July 2nd. Finally, Raymond James assumed coverage on shares of Terex in a research report on Friday, June 28th. They set a market perform rating on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and an average target price of $63.67.

Terex Price Performance

TEX stock traded up $2.19 during trading on Thursday, hitting $54.30. The stock had a trading volume of 959,978 shares, compared to its average volume of 759,675. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.16 and a quick ratio of 1.06. The company's 50-day moving average price is $57.11 and its two-hundred day moving average price is $58.60. Terex has a twelve month low of $43.70 and a twelve month high of $65.89. The stock has a market capitalization of $3.65 billion, a P/E ratio of 7.20 and a beta of 1.57.

Terex (NYSE:TEX - Get Free Report) last released its earnings results on Thursday, April 25th. The industrial products company reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.23. Terex had a net margin of 9.87% and a return on equity of 30.53%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.23 billion. As a group, research analysts predict that Terex will post 7.09 EPS for the current fiscal year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.68 annualized dividend and a dividend yield of 1.25%. Terex's dividend payout ratio (DPR) is 9.01%.

Insiders Place Their Bets

In other Terex news, VP Scott Posner sold 12,500 shares of the business's stock in a transaction on Friday, May 24th. The shares were sold at an average price of $60.48, for a total value of $756,000.00. Following the completion of the transaction, the vice president now owns 58,224 shares in the company, valued at $3,521,387.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Kieran Hegarty sold 17,190 shares of the business's stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $58.26, for a total transaction of $1,001,489.40. Following the completion of the transaction, the insider now owns 200,029 shares in the company, valued at $11,653,689.54. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Scott Posner sold 12,500 shares of the business's stock in a transaction on Friday, May 24th. The stock was sold at an average price of $60.48, for a total transaction of $756,000.00. Following the transaction, the vice president now owns 58,224 shares of the company's stock, valued at approximately $3,521,387.52. The disclosure for this sale can be found here. Insiders sold a total of 32,929 shares of company stock worth $1,958,307 over the last 90 days. Corporate insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On Terex

A number of institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC grew its stake in shares of Terex by 65.8% during the second quarter. CWM LLC now owns 3,120 shares of the industrial products company's stock worth $171,000 after purchasing an additional 1,238 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Terex by 11.6% during the second quarter. Harbor Capital Advisors Inc. now owns 30,056 shares of the industrial products company's stock worth $1,648,000 after purchasing an additional 3,131 shares in the last quarter. Burns Matteson Capital Management LLC purchased a new stake in Terex in the second quarter valued at $222,000. HM Payson & Co. purchased a new stake in Terex in the first quarter valued at $24,429,000. Finally, DekaBank Deutsche Girozentrale lifted its position in Terex by 26.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 106,849 shares of the industrial products company's stock valued at $6,809,000 after acquiring an additional 22,291 shares during the last quarter. Institutional investors and hedge funds 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.