Terex (NYSE:TEX - Free Report) had its price target trimmed by Truist Financial from $58.00 to $47.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a buy rating on the industrial products company's stock.
TEX has been the subject of several other reports. Evercore ISI reduced their target price on Terex from $63.00 to $59.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Citigroup reduced their price objective on shares of Terex from $48.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, March 17th. JPMorgan Chase & Co. lowered their target price on shares of Terex from $51.00 to $48.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. UBS Group cut shares of Terex from a "neutral" rating to a "sell" rating and cut their price target for the stock from $49.00 to $32.00 in a research note on Monday, April 7th. Finally, The Goldman Sachs Group lowered their price objective on Terex from $60.00 to $52.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $48.44.
View Our Latest Stock Analysis on Terex
Terex Stock Performance
NYSE:TEX traded up $0.77 during trading hours on Tuesday, hitting $34.95. 872,593 shares of the company traded hands, compared to its average volume of 904,753. 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 has a twelve month low of $31.53 and a twelve month high of $68.08. The firm has a 50-day moving average of $40.44 and a 200 day moving average of $47.12. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 7.05, a P/E/G ratio of 4.53 and a beta of 1.40.
Terex (NYSE:TEX - Get Free Report) last released its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same period in the previous year, the firm earned $1.88 earnings per share. On average, analysts forecast that Terex will post 4.83 EPS for the current year.
Terex Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.95%. Terex's payout ratio is 13.71%.
Insider Activity at Terex
In other news, Director Andra Rush acquired 1,325 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the transaction, the director now owns 23,308 shares of the company's stock, valued at approximately $861,463.68. This represents a 6.03 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Terex
A number of institutional investors and hedge funds have recently made changes to their positions in TEX. Cascade Investment Advisors Inc. bought a new stake in Terex during the 4th quarter worth about $1,070,000. Norges Bank acquired a new stake in Terex during the 4th quarter worth $35,001,000. KLP Kapitalforvaltning AS bought a new stake in shares of Terex during the 4th quarter valued at $610,000. Barclays PLC lifted its stake in shares of Terex by 40.2% in the 3rd quarter. Barclays PLC now owns 129,250 shares of the industrial products company's stock valued at $6,838,000 after purchasing an additional 37,072 shares during the period. Finally, J2 Capital Management Inc acquired a new stake in shares of Terex during the fourth quarter worth $353,000. Institutional investors own 92.88% of the company's stock.
About Terex
(
Get Free Report)
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.
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