Terex Co. (NYSE:TEX) has been given an average rating of “Hold” by the nineteen ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $44.23.
A number of equities analysts recently issued reports on TEX shares. Citigroup lifted their target price on Terex from $39.00 to $49.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. Zacks Investment Research upgraded Terex from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Wednesday, October 11th. UBS Group set a $52.00 target price on Terex and gave the stock a “buy” rating in a report on Wednesday, October 11th. KeyCorp restated a “hold” rating on shares of Terex in a report on Wednesday, November 1st. Finally, OTR Global upgraded Terex to a “positive” rating in a report on Tuesday, December 5th.
Terex (NYSE:TEX) traded down $0.61 on Monday, reaching $46.95. The company had a trading volume of 766,100 shares, compared to its average volume of 722,525. Terex has a 12-month low of $28.67 and a 12-month high of $48.92. The company has a current ratio of 2.42, a quick ratio of 1.53 and a debt-to-equity ratio of 0.71. The firm has a market cap of $3,980.00, a PE ratio of -24.45, a P/E/G ratio of 1.87 and a beta of 1.89.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 19th. Shareholders of record on Thursday, November 9th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.68%. Terex’s dividend payout ratio (DPR) is currently -16.67%.
In other Terex news, VP Mark I. Clair sold 3,014 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $45.53, for a total transaction of $137,227.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have acquired 647 shares of company stock worth $29,608. Corporate insiders own 2.50% of the company’s stock.
Several institutional investors have recently bought and sold shares of TEX. JPMorgan Chase & Co. increased its stake in shares of Terex by 1,197.3% in the second quarter. JPMorgan Chase & Co. now owns 1,759,927 shares of the industrial products company’s stock worth $65,999,000 after purchasing an additional 1,624,263 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Terex by 51.0% in the second quarter. TIAA CREF Investment Management LLC now owns 3,624,339 shares of the industrial products company’s stock worth $135,913,000 after purchasing an additional 1,224,422 shares during the period. Systematic Financial Management LP bought a new position in shares of Terex in the third quarter worth about $42,612,000. Prudential Financial Inc. increased its stake in shares of Terex by 208.0% in the third quarter. Prudential Financial Inc. now owns 835,582 shares of the industrial products company’s stock worth $37,618,000 after purchasing an additional 564,300 shares during the period. Finally, Thrivent Financial For Lutherans increased its stake in shares of Terex by 2,299.4% in the second quarter. Thrivent Financial For Lutherans now owns 477,970 shares of the industrial products company’s stock worth $17,924,000 after purchasing an additional 458,050 shares during the period. Institutional investors and hedge funds own 96.86% of the company’s stock.
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Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.
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