Terex (NYSE:TEX) Price Target Lowered to $55.00 at Robert W. Baird

Terex (NYSE:TEX - Free Report) had its price target lowered by Robert W. Baird from $65.00 to $55.00 in a report issued on Thursday, Benzinga reports. The firm currently has a neutral rating on the industrial products company's stock.

Several other equities analysts also recently weighed in on TEX. Jefferies Financial Group decreased their target price on Terex from $68.00 to $55.00 and set a "hold" rating on the stock in a research report on Thursday, July 11th. Evercore ISI decreased their target price on 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. decreased their target price on Terex from $65.00 to $62.00 and set a "neutral" rating on the stock in a research report on Monday, October 14th. The Goldman Sachs Group cut their price target on Terex from $72.00 to $62.00 and set a "neutral" rating for the company in a report on Friday, September 20th. Finally, Citigroup cut their price target on Terex from $60.00 to $57.00 and set a "neutral" rating for the company in a report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $59.22.

Terex Price Performance

TEX stock traded up $0.18 during mid-day trading on Thursday, reaching $51.71. 912,736 shares of the company's stock were exchanged, compared to its average volume of 826,507. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 7.09, a price-to-earnings-growth ratio of 4.47 and a beta of 1.53. The stock's 50 day moving average is $53.37 and its 200 day moving average is $56.17. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.21 and a quick ratio of 1.07. Terex has a 12-month low of $44.38 and a 12-month high of $68.08.

Terex (NYSE:TEX - Get Free Report) last released its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.19. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.16 billion. Terex had a return on equity of 27.89% and a net margin of 9.55%. The business's quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.75 earnings per share. On average, research analysts expect that Terex will post 5.89 EPS for the current year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, November 8th. This represents a $0.68 annualized dividend and a yield of 1.32%. Terex's dividend payout ratio (DPR) is 9.33%.

Insiders Place Their Bets

In other Terex news, Director Andra Rush bought 2,205 shares of the business's stock in a transaction on Friday, August 2nd. The stock was bought at an average price of $54.36 per share, with a total value of $119,863.80. Following the completion of the purchase, the director now directly owns 21,983 shares in the company, valued at $1,194,995.88. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Clearbridge Investments LLC boosted its position in shares of Terex by 2.6% during the first quarter. Clearbridge Investments LLC now owns 351,153 shares of the industrial products company's stock worth $22,614,000 after buying an additional 8,908 shares during the period. TCW Group Inc. purchased a new position in shares of Terex during the second quarter worth $566,000. Russell Investments Group Ltd. boosted its position in shares of Terex by 11.5% during the first quarter. Russell Investments Group Ltd. now owns 316,692 shares of the industrial products company's stock worth $20,395,000 after buying an additional 32,630 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Terex by 26.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 106,849 shares of the industrial products company's stock worth $6,809,000 after buying an additional 22,291 shares during the period. Finally, Edgestream Partners L.P. boosted its position in shares of Terex by 181.6% during the second quarter. Edgestream Partners L.P. now owns 68,898 shares of the industrial products company's stock worth $3,778,000 after buying an additional 44,432 shares during the period. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

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.