UBS Group Upgrades Terex (NYSE:TEX) to “Neutral”

Terex (NYSE:TEX) was upgraded by equities research analysts at UBS Group from a “sell” rating to a “neutral” rating in a report released on Friday, Marketbeat.com reports. The firm presently has a $48.00 price objective on the industrial products company’s stock, up from their previous price objective of $34.00. UBS Group’s target price suggests a potential upside of 2.30% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Barclays lowered their price objective on Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. StockNews.com downgraded Terex from a “hold” rating to a “sell” rating in a research report on Tuesday. The Goldman Sachs Group cut their price objective on shares of Terex from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Evercore ISI dropped their price target on shares of Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Finally, Robert W. Baird raised shares of Terex from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $48.00 to $66.00 in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Terex presently has a consensus rating of “Hold” and a consensus price target of $49.10.

Terex Price Performance

Terex stock opened at $46.92 on Friday. Terex has a 52-week low of $31.53 and a 52-week high of $68.08. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. The firm’s fifty day moving average is $37.98 and its 200 day moving average is $44.61. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 4.53 and a beta of 1.52.

Terex (NYSE:TEX) last announced its earnings results on Friday, May 2nd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.26. Terex had a net margin of 6.54% and a return on equity of 21.99%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the company earned $1.60 EPS. The business’s revenue was down 4.9% compared to the same quarter last year. Sell-side analysts forecast that Terex will post 4.83 EPS for the current fiscal year.

Insider Activity at Terex

In other Terex news, Director Andra Rush acquired 1,325 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost of $36.96 per share, with a total value of $48,972.00. Following the completion of the acquisition, the director now directly owns 23,308 shares in the company, valued at $861,463.68. This represents a 6.03% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joshua Gross sold 5,389 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $40.75, for a total value of $219,601.75. Following the sale, the insider now owns 38,755 shares of the company’s stock, valued at approximately $1,579,266.25. This represents a 12.21% decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. grew its stake in Terex by 83.0% in the first quarter. UMB Bank n.a. now owns 732 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 332 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of Terex in the 4th quarter valued at about $29,000. Private Trust Co. NA grew its position in shares of Terex by 128.0% in the 1st quarter. Private Trust Co. NA now owns 773 shares of the industrial products company’s stock worth $29,000 after buying an additional 434 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Terex in the 4th quarter worth approximately $31,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Terex by 46.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 222 shares in the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

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.