Terex Co. (NYSE:TEX) Given Consensus Rating of “Hold” by Brokerages

Terex Co. (NYSE:TEX) has earned an average recommendation of “Hold” from the ten analysts that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $54.22.

A number of research firms have commented on TEX. Barclays dropped their price objective on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. The Goldman Sachs Group dropped their price objective on shares of Terex from $60.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. dropped their price objective on shares of Terex from $51.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday. Citigroup dropped their price objective on shares of Terex from $48.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Finally, StockNews.com lowered shares of Terex from a “hold” rating to a “sell” rating in a research note on Friday, February 7th.

Terex Price Performance

Shares of TEX opened at $39.11 on Monday. The firm’s fifty day simple moving average is $44.09 and its 200-day simple moving average is $48.92. Terex has a twelve month low of $36.15 and a twelve month high of $68.08. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 4.53 and a beta of 1.56.

Terex (NYSE:TEX) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, topping 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 quarter last year, the company posted $1.88 EPS. Equities analysts forecast that Terex will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Friday, March 7th. Terex’s payout ratio is 13.71%.

Insider Buying and Selling

In related news, Director Andra Rush acquired 1,325 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $36.96 per share, with a total value of $48,972.00. Following the completion of the acquisition, the director now owns 23,308 shares in the company, valued at approximately $861,463.68. This represents a 6.03 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.90% of the stock is owned by insiders.

Institutional Trading of Terex

A number of institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in Terex by 17.0% during the fourth quarter. FMR LLC now owns 8,782,287 shares of the industrial products company’s stock worth $405,917,000 after buying an additional 1,272,920 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Terex by 94.8% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,150,673 shares of the industrial products company’s stock worth $99,404,000 after acquiring an additional 1,046,600 shares during the last quarter. First Trust Advisors LP raised its position in Terex by 43.2% during the fourth quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company’s stock worth $89,247,000 after acquiring an additional 582,819 shares during the last quarter. Fisher Asset Management LLC raised its position in Terex by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 1,890,625 shares of the industrial products company’s stock worth $87,385,000 after acquiring an additional 41,685 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Terex by 8.4% during the fourth quarter. American Century Companies Inc. now owns 1,741,206 shares of the industrial products company’s stock worth $80,479,000 after acquiring an additional 135,286 shares during the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

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.