Terex Corp. (NYSE:TEX) was downgraded by research analysts at CLSA from a “buy” rating to an “underperform” rating in a research report issued to clients and investors on Friday.

A number of other analysts have also recently weighed in on TEX. cut shares of Terex Corp. from a “buy” rating to an “underperform” rating in a research note on Friday, November 18th. Clsa Americas cut shares of Terex Corp. from a “buy” rating to an “underperform” rating in a research note on Friday, November 18th. Zacks Investment Research cut shares of Terex Corp. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 4th. Barclays PLC cut shares of Terex Corp. from an “equal weight” rating to an “underweight” rating and set a $20.00 target price on the stock. in a research note on Monday, October 24th. Finally, Deutsche Bank AG assumed coverage on shares of Terex Corp. in a research note on Tuesday, September 6th. They issued a “hold” rating and a $26.00 target price on the stock. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. Terex Corp. currently has a consensus rating of “Hold” and an average target price of $24.50.

Analyst Recommendations for Terex Corp. (NYSE:TEX)

Terex Corp. (NYSE:TEX) opened at 30.96 on Friday. The stock’s 50 day moving average price is $25.38 and its 200-day moving average price is $23.58. The stock has a market capitalization of $3.28 billion, a P/E ratio of 31.53 and a beta of 2.34. Terex Corp. has a 52 week low of $13.62 and a 52 week high of $31.01.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Thursday, November 10th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.28 annualized dividend and a yield of 0.90%. Terex Corp.’s dividend payout ratio is currently 28.57%.

In other Terex Corp. news, insider Kenneth D. Lousberg sold 35,000 shares of the stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $25.51, for a total value of $892,850.00. Following the sale, the insider now directly owns 82,720 shares in the company, valued at $2,110,187.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kevin Bradley sold 15,000 shares of the stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $26.74, for a total transaction of $401,100.00. Following the completion of the sale, the chief financial officer now owns 178,703 shares in the company, valued at $4,778,518.22. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. raised its stake in Terex Corp. by 93.0% in the third quarter. Ameritas Investment Partners Inc. now owns 33,319 shares of the company’s stock valued at $847,000 after buying an additional 16,053 shares during the period. Verition Fund Management LLC purchased a new stake in Terex Corp. during the third quarter valued at $290,000. Jane Street Group LLC purchased a new stake in Terex Corp. during the third quarter valued at $458,000. Scopus Asset Management L.P. purchased a new stake in Terex Corp. during the third quarter valued at $15,667,000. Finally, Panagora Asset Management Inc. raised its stake in Terex Corp. by 51.9% in the third quarter. Panagora Asset Management Inc. now owns 175,617 shares of the company’s stock valued at $4,462,000 after buying an additional 59,988 shares during the period. Institutional investors own 84.20% of the company’s stock.

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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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