Terex Co. (NYSE:TEX) Given Average Rating of "Hold" by Analysts

Shares of Terex Co. (NYSE:TEX - Get Free Report) have been assigned an average recommendation of "Hold" from the ten brokerages that are presently covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $54.22.

A number of brokerages have weighed in on TEX. StockNews.com lowered Terex from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. Evercore ISI cut their price target on Terex from $63.00 to $59.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Truist Financial dropped their target price on Terex from $65.00 to $58.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. Barclays dropped their target price on Terex from $60.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. dropped their price target on Terex from $51.00 to $48.00 and set a "neutral" rating on the stock in a research note on Tuesday.

Insider Buying and Selling

In other Terex news, Director Andra Rush purchased 1,325 shares of Terex stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average price of $36.96 per share, with a total value of $48,972.00. Following the acquisition, the director now owns 23,308 shares of the company's stock, valued at $861,463.68. This trade represents a 6.03 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by insiders.

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Hedge Funds Weigh In On Terex

A number of large investors have recently bought and sold shares of TEX. State of New Jersey Common Pension Fund D raised its holdings in Terex by 10.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 35,207 shares of the industrial products company's stock worth $1,863,000 after purchasing an additional 3,223 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Terex during the third quarter valued at approximately $615,000. Lingohr Asset Management GmbH raised its holdings in shares of Terex by 2.0% during the third quarter. Lingohr Asset Management GmbH now owns 11,516 shares of the industrial products company's stock valued at $607,000 after acquiring an additional 230 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Terex by 8.8% during the third quarter. Advisors Asset Management Inc. now owns 57,056 shares of the industrial products company's stock valued at $3,019,000 after acquiring an additional 4,633 shares during the last quarter. Finally, Moran Wealth Management LLC raised its holdings in shares of Terex by 2.7% during the third quarter. Moran Wealth Management LLC now owns 45,339 shares of the industrial products company's stock valued at $2,399,000 after acquiring an additional 1,209 shares during the last quarter. Institutional investors and hedge funds own 92.88% of the company's stock.

Terex Stock Down 1.3 %

NYSE TEX traded down $0.51 on Monday, reaching $39.11. 461,588 shares of the stock traded hands, compared to its average volume of 826,329. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. The company has a fifty day moving average price of $44.31 and a 200-day moving average price of $49.12. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 7.90, a PEG ratio of 4.53 and a beta of 1.56. Terex has a 12 month low of $36.15 and a 12 month high of $68.08.

Terex (NYSE:TEX - Get Free Report) last issued its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share 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 quarter last year, the firm posted $1.88 earnings per share. As a group, research analysts forecast that Terex will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

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

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.