Shares of Terex Co. (NYSE:TEX) have earned an average recommendation of “Hold” from the sixteen brokerages that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $34.64.

TEX has been the topic of several recent analyst reports. Barclays initiated coverage on shares of Grocery Outlet in a report on Monday. They issued an “equal weight” rating and a $32.00 price target on the stock. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Evercore ISI reiterated an “in-line” rating and issued a $31.00 price target (down previously from $40.00) on shares of Terex in a report on Friday, May 31st. Bank of America set a $54.00 price target on shares of Fortis and gave the company a “buy” rating in a report on Thursday, May 2nd. Finally, Zacks Investment Research upgraded shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Monday, April 29th.

Shares of Terex stock traded down $0.55 on Friday, hitting $30.15. The stock had a trading volume of 17,840 shares, compared to its average volume of 1,281,639. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.41 and a current ratio of 2.27. Terex has a one year low of $25.47 and a one year high of $44.82. The firm has a market cap of $2.16 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 0.86 and a beta of 1.77. The firm has a 50-day moving average of $29.20.

Terex (NYSE:TEX) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.30. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Terex had a negative net margin of 0.06% and a positive return on equity of 25.38%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 earnings per share. On average, equities analysts anticipate that Terex will post 4.05 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Friday, June 7th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.46%. The ex-dividend date was Thursday, June 6th. Terex’s dividend payout ratio is currently 16.24%.

In other Terex news, Director International Master F. Marcato sold 1,600,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $27.31, for a total transaction of $43,696,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired 1,581 shares of company stock valued at $46,020 in the last three months. Insiders own 4.00% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund lifted its position in Terex by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 26,264 shares of the industrial products company’s stock valued at $825,000 after buying an additional 354 shares during the period. American International Group Inc. raised its position in shares of Terex by 0.3% in the 4th quarter. American International Group Inc. now owns 132,253 shares of the industrial products company’s stock worth $3,646,000 after purchasing an additional 357 shares during the last quarter. Natixis Advisors L.P. raised its position in shares of Terex by 1.4% in the 4th quarter. Natixis Advisors L.P. now owns 32,407 shares of the industrial products company’s stock worth $893,000 after purchasing an additional 442 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Terex by 0.4% in the 4th quarter. Nordea Investment Management AB now owns 126,963 shares of the industrial products company’s stock worth $3,500,000 after purchasing an additional 472 shares during the last quarter. Finally, Investors Research Corp raised its position in shares of Terex by 16.2% in the 2nd quarter. Investors Research Corp now owns 4,300 shares of the industrial products company’s stock worth $135,000 after purchasing an additional 600 shares during the last quarter. 90.83% of the stock is owned by institutional investors and hedge funds.

Terex Company Profile

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.

Further Reading: Net Margin

Analyst Recommendations for Terex (NYSE:TEX)

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