Terex Corp. (NYSE:TEX)’s share price rose 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 changing hands. The stock had previously closed at $21.52.

Several equities research analysts have recently commented on the stock. Morgan Stanley reissued a “buy” rating on shares of Terex Corp. in a research report on Tuesday, April 26th. Robert W. Baird raised shares of Terex Corp. from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $24.00 to $30.00 in a research report on Tuesday, May 17th. Royal Bank Of Canada boosted their target price on shares of Terex Corp. from $22.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 17th. Wells Fargo & Co. raised shares of Terex Corp. from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 17th. Finally, Jefferies Group reissued a “buy” rating on shares of Terex Corp. in a research report on Monday, May 16th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $23.84.

The firm has a market cap of $2.43 billion and a P/E ratio of 32.98. The company’s 50 day moving average price is $21.01 and its 200 day moving average price is $21.86.

Terex Corp. (NYSE:TEX) last issued its earnings results on Tuesday, April 26th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). The firm earned $1.43 billion during the quarter, compared to analysts’ expectations of $1.32 billion. The firm’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period last year, the firm posted $0.01 earnings per share. On average, equities analysts predict that Terex Corp. will post $1.34 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 19th. Shareholders of record on Wednesday, August 10th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Monday, August 8th. This represents a $0.28 annualized dividend and a yield of 1.26%.

In other Terex Corp. news, CAO Mark I. Clair sold 5,000 shares of Terex Corp. stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $21.20, for a total value of $106,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 66,570 shares of the company’s stock, valued at $1,411,284. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin Bradley sold 12,000 shares of Terex Corp. stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $20.74, for a total transaction 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 $4,005,433.24. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently modified their holdings of the company. Liberty Mutual Group Asset Management Inc. boosted its position in shares of Terex Corp. by 49.5% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 69,042 shares of the company’s stock valued at $1,276,000 after buying an additional 22,853 shares during the period. Mutual of America Capital Management LLC boosted its position in shares of Terex Corp. by 3.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 75,104 shares of the company’s stock valued at $1,388,000 after buying an additional 2,640 shares during the period. Airain ltd boosted its position in shares of Terex Corp. by 1.3% in the fourth quarter. Airain ltd now owns 77,715 shares of the company’s stock valued at $1,436,000 after buying an additional 986 shares during the period. California State Teachers Retirement System boosted its position in shares of Terex Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 200,938 shares of the company’s stock valued at $3,713,000 after buying an additional 3,162 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of 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 during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.