Shares of Terex Co. (NYSE:TEX) have been given an average recommendation of “Hold” by the twenty research firms that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $40.09.

A number of research firms have weighed in on TEX. Bank of America decreased their price target on Terex from $40.00 to $28.00 and set an “underperform” rating for the company in a report on Friday, November 2nd. Morgan Stanley decreased their price target on Terex from $46.00 to $42.00 and set a “hold” rating for the company in a report on Monday, November 5th. ValuEngine lowered Terex from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Zacks Investment Research raised Terex from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. Finally, UBS Group set a $52.00 target price on Terex and gave the company a “buy” rating in a research report on Wednesday, August 22nd.

NYSE TEX traded down $0.28 on Thursday, reaching $29.62. The company had a trading volume of 1,953,000 shares, compared to its average volume of 1,467,208. The stock has a market cap of $2.20 billion, a PE ratio of 21.94, a P/E/G ratio of 0.31 and a beta of 1.61. Terex has a 1 year low of $28.64 and a 1 year high of $50.17. The company has a quick ratio of 1.14, a current ratio of 2.22 and a debt-to-equity ratio of 1.16.

Terex (NYSE:TEX) last released its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.07). The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Terex had a return on equity of 18.86% and a net margin of 2.42%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.50 EPS. Sell-side analysts anticipate that Terex will post 2.65 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Friday, November 9th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, November 8th. Terex’s payout ratio is 29.63%.

In other Terex news, insider Kevin A. Barr sold 11,937 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $38.43, for a total value of $458,738.91. Following the transaction, the insider now directly owns 101,980 shares of the company’s stock, valued at approximately $3,919,091.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Eric I. Cohen sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $39.01, for a total value of $390,100.00. Following the completion of the transaction, the vice president now directly owns 182,905 shares in the company, valued at $7,135,124.05. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 1,445 shares of company stock worth $52,655. 3.50% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the stock. TIAA CREF Investment Management LLC raised its position in shares of Terex by 116.3% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 6,096,257 shares of the industrial products company’s stock valued at $243,302,000 after acquiring an additional 3,277,715 shares in the last quarter. Pzena Investment Management LLC raised its position in shares of Terex by 5.2% during the 2nd quarter. Pzena Investment Management LLC now owns 3,270,221 shares of the industrial products company’s stock valued at $137,971,000 after acquiring an additional 161,905 shares in the last quarter. Morgan Stanley raised its position in shares of Terex by 2.6% during the 2nd quarter. Morgan Stanley now owns 3,199,629 shares of the industrial products company’s stock valued at $134,992,000 after acquiring an additional 80,932 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Terex by 559.4% during the 3rd quarter. Fisher Asset Management LLC now owns 2,196,079 shares of the industrial products company’s stock valued at $87,646,000 after acquiring an additional 1,863,038 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of Terex by 19.1% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,143,467 shares of the industrial products company’s stock valued at $85,546,000 after acquiring an additional 344,247 shares in the last quarter.

About Terex

Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide. The company operates through three segments: Aerial Work Platforms (AWP), Cranes, and Material Processing (MP). The AWP segment engages in the design, manufacture, service, and market of AWP equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brands to construct and maintain industrial, commercial, and residential buildings and facilities, and for other commercial operations, as well as used in infrastructure projects.

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Analyst Recommendations for Terex (NYSE:TEX)

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