Analysts Set Terex Co. (NYSE:TEX) PT at $59.56

Terex Co. (NYSE:TEX) has earned an average recommendation of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $59.56.

TEX has been the subject of several recent research reports. Citigroup decreased their price objective on Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a report on Monday, September 23rd. Truist Financial lifted their target price on shares of Terex from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. The Goldman Sachs Group dropped their price target on shares of Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, September 20th. JPMorgan Chase & Co. reduced their price objective on shares of Terex from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. Finally, Robert W. Baird dropped their target price on Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st.

Terex Stock Performance

Shares of TEX stock opened at $49.57 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 2.39. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 7.24, a P/E/G ratio of 4.09 and a beta of 1.53. Terex has a 52 week low of $48.11 and a 52 week high of $68.08. The firm’s 50-day simple moving average is $53.61 and its two-hundred day simple moving average is $54.63.

Terex (NYSE:TEX) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.31 by $0.15. Terex had a return on equity of 24.92% and a net margin of 9.08%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the business earned $1.75 earnings per share. Terex’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, equities analysts forecast that Terex will post 6.07 earnings per share for the current year.

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Friday, November 8th. Terex’s dividend payout ratio is 9.93%.

Insider Buying and Selling

In other Terex news, CEO Simon Meester sold 9,877 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total value 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 $6,538,658.12. The trade was a 7.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Sachs acquired 10,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were bought at an average price of $51.30 per share, for a total transaction of $513,000.00. Following the transaction, the director now owns 107,500 shares in the company, valued at approximately $5,514,750. This represents a 10.26 % increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TEX. Franklin Resources Inc. lifted its stake in Terex by 1.0% during the third quarter. Franklin Resources Inc. now owns 81,450 shares of the industrial products company’s stock worth $4,512,000 after purchasing an additional 795 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Terex in the 3rd quarter worth approximately $40,000. Sanctuary Advisors LLC boosted its stake in Terex by 7.2% in the third quarter. Sanctuary Advisors LLC now owns 10,610 shares of the industrial products company’s stock worth $571,000 after buying an additional 717 shares in the last quarter. Virtu Financial LLC bought a new position in Terex during the third quarter valued at approximately $704,000. Finally, Invst LLC purchased a new position in shares of Terex during the third quarter worth approximately $206,000. 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.