Terex Co. (NYSE:TEX) Receives $56.11 Average Target Price from Analysts

Terex Co. (NYSE:TEX - Get Free Report) has earned a consensus recommendation of "Hold" from the ten brokerages that are covering the company, MarketBeat.com reports. Eight 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 objective among analysts that have issued ratings on the stock in the last year is $56.11.

Several analysts recently commented on the stock. Barclays decreased their price target on shares of Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. Evercore ISI reduced their price target on shares of Terex from $63.00 to $59.00 and set an "outperform" rating on the stock in a research note on Wednesday. Robert W. Baird decreased their price objective on shares of Terex from $65.00 to $55.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st. StockNews.com lowered Terex from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. Finally, Citigroup lowered their price objective on Terex from $57.00 to $48.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th.

Insiders Place Their Bets

In other news, Director David A. Sachs purchased 20,000 shares of the business's stock in a transaction on Friday, December 13th. The shares were acquired at an average price of $49.75 per share, with a total value of $995,000.00. Following the acquisition, the director now directly owns 137,500 shares in the company, valued at approximately $6,840,625. The trade was a 17.02 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Simon Meester sold 9,877 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total transaction of $505,109.78. Following the completion of the transaction, 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.

Hedge Funds Weigh In On Terex

Hedge funds have recently made changes to their positions in the company. FMR LLC raised its position in shares of Terex by 17.0% during the 4th quarter. FMR LLC now owns 8,782,287 shares of the industrial products company's stock worth $405,917,000 after purchasing an additional 1,272,920 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Terex by 94.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,150,673 shares of the industrial products company's stock worth $99,404,000 after buying an additional 1,046,600 shares in the last quarter. Norges Bank bought a new position in Terex during the fourth quarter worth about $35,001,000. First Trust Advisors LP grew its holdings in shares of Terex by 43.2% in the 4th quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company's stock valued at $89,247,000 after acquiring an additional 582,819 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in Terex by 66.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 352,780 shares of the industrial products company's stock valued at $16,305,000 after buying an additional 141,352 shares during the period. Institutional investors and hedge funds own 92.88% of the company's stock.

Terex Stock Performance

Shares of TEX stock traded down $2.36 on Thursday, hitting $43.21. 877,016 shares of the stock were exchanged, compared to its average volume of 900,497. The firm has a market capitalization of $2.87 billion, a PE ratio of 8.71, a P/E/G ratio of 4.53 and a beta of 1.54. Terex has a one year low of $43.01 and a one year high of $68.08. The firm's 50 day moving average is $46.26 and its two-hundred day moving average is $50.95. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41.

Terex (NYSE:TEX - Get Free Report) last issued its earnings results on Thursday, February 6th. The industrial products company reported $0.77 EPS 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 period last year, the company earned $1.88 EPS. Sell-side analysts expect that Terex will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.57%. Terex's payout ratio is presently 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.