Terex Corp. (NYSE:TEX) was downgraded by equities researchers at Clsa Americas from a “buy” rating to an “underperform” rating in a research note issued to investors on Friday.

A number of other research firms have also commented on TEX. lowered Terex Corp. from a “buy” rating to an “underperform” rating in a research note on Friday. Zacks Investment Research lowered Terex Corp. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 4th. Barclays PLC lowered Terex Corp. from an “equal weight” rating to an “underweight” rating and set a $20.00 price objective on the stock. in a research note on Monday, October 24th. Deutsche Bank AG began coverage on Terex Corp. in a research note on Tuesday, September 6th. They issued a “hold” rating and a $26.00 price objective on the stock. Finally, Jefferies Group lowered Terex Corp. from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a research note on Tuesday, August 9th. They noted that the move was a valuation call. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $24.50.

Analyst Recommendations for Terex Corp. (NYSE:TEX)

Shares of Terex Corp. (NYSE:TEX) opened at 28.51 on Friday. Terex Corp. has a 12 month low of $13.62 and a 12 month high of $28.88. The firm has a market capitalization of $3.02 billion, a PE ratio of 29.03 and a beta of 2.34. The stock’s 50 day moving average price is $25.08 and its 200-day moving average price is $23.48.

Terex Corp. (NYSE:TEX) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by $0.03. The business earned $1.06 billion during the quarter, compared to the consensus estimate of $1.06 billion. Terex Corp. had a return on equity of 7.39% and a net margin of 2.01%. The company’s revenue for the quarter was down 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 earnings per share. On average, equities analysts anticipate that Terex Corp. will post $0.77 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Thursday, November 10th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Tuesday, November 8th. Terex Corp.’s dividend payout ratio (DPR) is presently 28.57%.

In related news, CFO Kevin Bradley sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $26.74, for a total value of $401,100.00. Following the completion of the transaction, the chief financial officer now owns 178,703 shares in the company, valued at approximately $4,778,518.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Eric I. Cohen sold 9,749 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $26.44, for a total transaction of $257,763.56. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. IBM Retirement Fund boosted its position in Terex Corp. by 1.1% in the second quarter. IBM Retirement Fund now owns 10,682 shares of the company’s stock valued at $217,000 after buying an additional 113 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Terex Corp. by 0.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 18,852 shares of the company’s stock valued at $383,000 after buying an additional 116 shares during the last quarter. Creative Planning boosted its stake in shares of Terex Corp. by 3.1% in the third quarter. Creative Planning now owns 8,864 shares of the company’s stock valued at $225,000 after buying an additional 264 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Terex Corp. by 3.8% in the second quarter. PNC Financial Services Group Inc. now owns 8,875 shares of the company’s stock valued at $182,000 after buying an additional 323 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its stake in shares of Terex Corp. by 0.9% in the second quarter. Farmers & Merchants Investments Inc. now owns 36,813 shares of the company’s stock valued at $748,000 after buying an additional 346 shares during the last quarter. Hedge funds and other institutional investors own 84.20% of the company’s stock.

Terex Corp. Company Profile

Terex Corporation is a lifting and material handling solutions company. The Company is focused on providing its operations and delivering solutions for a range of commercial applications, including the construction, infrastructure, mining, manufacturing, transportation, energy and utility industries.

5 Day Chart for NYSE:TEX

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