Analysts Set Terex Co. (NYSE:TEX) Target Price at $58.78

Terex Co. (NYSE:TEX - Get Free Report) has been assigned an average rating of "Hold" from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $58.78.

A number of equities research analysts have recently commented on the stock. Robert W. Baird reduced their price objective on shares of Terex from $65.00 to $55.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. decreased their price target on Terex from $65.00 to $62.00 and set a "neutral" rating for the company in a report on Monday, October 14th. The Goldman Sachs Group dropped their price objective on Terex from $72.00 to $62.00 and set a "neutral" rating on the stock in a research note on Friday, September 20th. Citigroup dropped their price target on Terex from $60.00 to $57.00 and set a "neutral" rating on the stock in a research note on Monday, September 23rd. Finally, Truist Financial lowered their price objective on shares of Terex from $65.00 to $58.00 and set a "buy" rating for the company in a research note on Thursday, December 19th.

Insider Transactions at Terex

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

Institutional Investors Weigh In On Terex

Several institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in shares of Terex by 1.0% in the 3rd quarter. Franklin Resources Inc. now owns 81,450 shares of the industrial products company's stock worth $4,512,000 after acquiring an additional 795 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Terex during the third quarter valued at $40,000. Sanctuary Advisors LLC lifted its position in Terex by 7.2% during the third quarter. Sanctuary Advisors LLC now owns 10,610 shares of the industrial products company's stock valued at $571,000 after buying an additional 717 shares during the period. Virtu Financial LLC bought a new stake in shares of Terex during the 3rd quarter valued at $704,000. Finally, Invst LLC bought a new position in shares of Terex in the 3rd quarter worth about $206,000. Hedge funds and other institutional investors own 92.88% of the company's stock.

Terex Stock Performance

NYSE TEX traded up $1.01 during trading on Wednesday, reaching $46.22. The company's stock had a trading volume of 787,886 shares, compared to its average volume of 808,873. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 6.75, a price-to-earnings-growth ratio of 4.00 and a beta of 1.53. Terex has a 12 month low of $44.43 and a 12 month high of $68.08. The company has a current ratio of 2.39, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average price of $51.51 and a 200 day moving average price of $53.66.

Terex (NYSE:TEX - Get Free Report) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.15. The firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.16 billion. Terex had a net margin of 9.08% and a return on equity of 24.92%. The business's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.75 earnings per share. As a group, equities analysts anticipate that Terex will post 6.07 EPS for the current fiscal year.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 8th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a yield of 1.47%. Terex's payout ratio is 9.93%.

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.