Analysts Set Terex Co. (NYSE:TEX) Price Target at $56.11

Terex Co. (NYSE:TEX) has earned a consensus rating of “Hold” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $54.22.

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group cut their price target on shares of Terex from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday. Citigroup lowered their price objective on shares of Terex from $48.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday. Barclays lowered 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 report on Monday, February 10th. Evercore ISI lowered their price objective on shares of Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Terex from $51.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday.

Terex Price Performance

Shares of TEX opened at $39.60 on Monday. The stock has a market cap of $2.63 billion, a PE ratio of 7.98, a price-to-earnings-growth ratio of 4.53 and a beta of 1.56. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. Terex has a fifty-two week low of $36.15 and a fifty-two week high of $68.08. The firm’s 50-day simple moving average is $44.31 and its two-hundred day simple moving average is $49.12.

Terex (NYSE:TEX) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates 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 in the previous year, the business earned $1.88 EPS. Analysts anticipate that Terex will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.68 annualized dividend and a yield of 1.72%. Terex’s payout ratio is 13.71%.

Insider Activity at Terex

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

Hedge Funds Weigh In On Terex

A number of institutional investors and hedge funds have recently made changes to their positions in TEX. Neo Ivy Capital Management bought a new stake in shares of Terex in the 4th quarter worth about $29,000. Jones Financial Companies Lllp bought a new stake in shares of Terex in the 4th quarter worth about $31,000. Smartleaf Asset Management LLC lifted its holdings in shares of Terex by 46.1% in 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 during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Terex in the 3rd quarter worth about $40,000. Finally, Truvestments Capital LLC bought a new stake in shares of Terex in the 3rd quarter worth about $41,000. 92.88% of the stock is owned by hedge funds and other institutional investors.

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.