Terex Co. (NYSE:TEX) Receives $59.56 Average PT from Analysts

Shares of Terex Co. (NYSE:TEX - Get Free Report) have been assigned a consensus recommendation of "Hold" from the ten ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $59.56.

Several equities analysts have commented on TEX shares. Robert W. Baird decreased their target price on shares of Terex from $65.00 to $55.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. Evercore ISI cut their target price on Terex from $67.00 to $59.00 and set an "outperform" rating for the company in a research note on Monday, August 19th. Citigroup decreased 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. Truist Financial raised their price target on shares of Terex from $62.00 to $65.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group lowered their price objective on shares of Terex from $72.00 to $62.00 and set a "neutral" rating for the company in a research report on Friday, September 20th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Clearbridge Investments LLC lifted its holdings in Terex by 2.6% in the first quarter. Clearbridge Investments LLC now owns 351,153 shares of the industrial products company's stock valued at $22,614,000 after buying an additional 8,908 shares during the period. TCW Group Inc. bought a new stake in Terex in the second quarter valued at $566,000. Russell Investments Group Ltd. increased its position in Terex by 11.5% in the 1st quarter. Russell Investments Group Ltd. now owns 316,692 shares of the industrial products company's stock valued at $20,395,000 after buying an additional 32,630 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings 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 valued at $6,809,000 after acquiring an additional 22,291 shares in the last quarter. Finally, Edgestream Partners L.P. raised 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 purchasing an additional 44,432 shares during the period. Institutional investors and hedge funds own 92.88% of the company's stock.

Terex Stock Performance

TEX traded down $2.38 during trading on Tuesday, hitting $53.20. The stock had a trading volume of 727,015 shares, compared to its average volume of 823,404. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.16. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 8.11, a P/E/G ratio of 4.50 and a beta of 1.53. The company has a 50 day moving average price of $53.15 and a 200-day moving average price of $55.79. Terex has a one year low of $48.11 and a one year high of $68.08.

Terex (NYSE:TEX - Get Free Report) last released its quarterly 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. Terex had a net margin of 9.08% and a return on equity of 24.92%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the firm earned $1.75 earnings per share. Terex's revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, research analysts predict that Terex will post 6.07 EPS for the current year.

Terex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Friday, November 8th. Terex's dividend payout ratio is presently 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.