Terex Corp. (NYSE:TEX) was up 2.9% on Thursday . The stock traded as high as $22.55 and last traded at $22.15, with a volume of 769,244 shares trading hands. The stock had previously closed at $21.52.

Several equities research analysts have weighed in on TEX shares. Morgan Stanley restated a “buy” rating on shares of Terex Corp. in a research report on Tuesday, April 26th. Robert W. Baird upgraded shares of Terex Corp. from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $24.00 to $30.00 in a research report on Tuesday, May 17th. Royal Bank Of Canada raised their price objective on shares of Terex Corp. from $22.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 17th. Wells Fargo & Co. upgraded shares of Terex Corp. from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 17th. Finally, Jefferies Group restated a “buy” rating on shares of Terex Corp. in a research report on Monday, May 16th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $23.91.

The company has a market cap of $2.40 billion and a PE ratio of 32.60. The firm’s 50-day moving average price is $20.96 and its 200 day moving average price is $21.83.

Terex Corp. (NYSE:TEX) last released its quarterly earnings data on Tuesday, April 26th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). During the same period in the prior year, the company earned $0.01 EPS. The firm earned $1.43 billion during the quarter, compared to analyst estimates of $1.32 billion. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, equities research analysts expect that Terex Corp. will post $1.34 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 19th. Stockholders of record on Wednesday, August 10th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Monday, August 8th.

In other news, insider Matthew Fearon sold 2,250 shares of the company’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $21.00, for a total value of $47,250.00. Following the completion of the transaction, the insider now owns 118,719 shares of the company’s stock, valued at $2,493,099. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin Bradley sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, June 16th. The shares were sold at an average price of $20.74, for a total value of $248,880.00. Following the completion of the transaction, the chief financial officer now directly owns 193,126 shares of the company’s stock, valued at approximately $4,005,433.24. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in Terex Corp. by 1.4% in the fourth quarter. Rhumbline Advisers now owns 228,931 shares of the company’s stock valued at $4,231,000 after buying an additional 3,155 shares in the last quarter. Boston Partners increased its stake in Terex Corp. by 1.3% in the fourth quarter. Boston Partners now owns 3,112,990 shares of the company’s stock worth $57,528,000 after buying an additional 39,229 shares in the last quarter. California State Teachers Retirement System increased its stake in Terex Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 200,938 shares of the company’s stock worth $3,713,000 after buying an additional 3,162 shares in the last quarter. Morgan Stanley increased its stake in Terex Corp. by 22.3% in the fourth quarter. Morgan Stanley now owns 2,711,781 shares of the company’s stock worth $50,113,000 after buying an additional 495,272 shares in the last quarter. Finally, Russell Frank Co increased its stake in Terex Corp. by 3.9% in the fourth quarter. Russell Frank Co now owns 440,333 shares of the company’s stock worth $8,360,000 after buying an additional 16,546 shares in the last quarter.

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.

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