Terex Corp. (NYSE:TEX) had its target price raised by Deutsche Bank AG from $26.00 to $28.00 in a research report report published on Wednesday. Deutsche Bank AG currently has a hold rating on the stock.
Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Terex Corp. from a hold rating to a buy rating and set a $22.00 target price for the company in a report on Tuesday, June 28th. Wells Fargo & Co. restated a buy rating on shares of Terex Corp. in a report on Wednesday, June 22nd. Credit Agricole SA assumed coverage on Terex Corp. in a report on Friday, September 30th. They issued a buy rating and a $30.00 price target for the company. Stifel Nicolaus set a $29.00 price target on Terex Corp. and gave the stock a buy rating in a report on Wednesday, August 3rd. Finally, Barclays PLC decreased their price target on Terex Corp. from $25.00 to $20.00 and set an equal weight rating for the company in a report on Monday, July 11th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $24.22.
Shares of Terex Corp. (NYSE:TEX) traded down 0.95% during mid-day trading on Wednesday, reaching $23.90. 103,920 shares of the company traded hands. Terex Corp. has a 52-week low of $13.62 and a 52-week high of $25.66. The company has a market capitalization of $2.60 billion, a P/E ratio of 48.38 and a beta of 2.93. The firm’s 50 day moving average price is $24.28 and its 200-day moving average price is $23.24.
Terex Corp. (NYSE:TEX) last issued its earnings results on Tuesday, August 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.10. Terex Corp. had a return on equity of 9.63% and a net margin of 0.92%. The business earned $1.30 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the previous year, the business earned $0.78 EPS. The company’s revenue for the quarter was down 10.1% on a year-over-year basis. Equities analysts predict that Terex Corp. will post $0.96 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Wednesday, August 10th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Monday, August 8th. Terex Corp.’s dividend payout ratio (DPR) is 57.14%.
In other news, insider Matthew Fearon sold 3,632 shares of the firm’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $24.69, for a total transaction of $89,674.08. Following the transaction, the insider now directly owns 111,114 shares of the company’s stock, valued at $2,743,404.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director G Chris Andersen sold 20,000 shares of the firm’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $24.02, for a total value of $480,400.00. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Seven Eight Capital LLC acquired a new position in shares of Terex Corp. during the first quarter worth approximately $443,000. Mountain Lake Investment Management LLC purchased a new position in shares of Terex Corp. during the first quarter valued at $622,000. Springbok Capital Management LLC boosted its position in shares of Terex Corp. by 1,939.5% in the first quarter. Springbok Capital Management LLC now owns 28,553 shares of the company’s stock valued at $710,000 after buying an additional 27,153 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Terex Corp. during the first quarter valued at $11,101,000. Finally, Stanley Capital Management LLC boosted its position in shares of Terex Corp. by 9.7% in the first quarter. Stanley Capital Management LLC now owns 131,324 shares of the company’s stock valued at $3,267,000 after buying an additional 11,600 shares in the last quarter. 81.01% of the stock is currently owned by institutional investors.
Terex Corp. Company Profile