Terex Corp. (TEX) Now Covered by Analysts at Credit Agricole SA
A number of other equities research analysts also recently commented on the stock. Morgan Stanley restated a hold rating and issued a $21.00 price objective on shares of Terex Corp. in a research report on Friday, September 16th. Zacks Investment Research upgraded shares of Terex Corp. from a strong sell rating to a hold rating in a research report on Monday, September 12th. Deutsche Bank AG assumed coverage on shares of Terex Corp. in a research report on Tuesday, September 6th. They issued a hold rating and a $26.00 price objective for the company. BMO Capital Markets reaffirmed a hold rating and issued a $24.00 target price on shares of Terex Corp. in a report on Monday, August 29th. Finally, Jefferies Group cut shares of Terex Corp. from a buy rating to a hold rating and set a $25.00 target price for the company. in a report on Tuesday, August 9th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $24.09.
Terex Corp. (NYSE:TEX) traded down 0.453% on Friday, reaching $25.295. The company had a trading volume of 178,416 shares. The stock has a 50 day moving average price of $24.14 and a 200 day moving average price of $23.22. The stock has a market capitalization of $2.75 billion, a PE ratio of 51.204 and a beta of 2.93. Terex Corp. has a 52-week low of $13.62 and a 52-week high of $25.66.
Terex Corp. (NYSE:TEX) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.10. The firm earned $1.30 billion during the quarter, compared to the consensus estimate of $1.61 billion. Terex Corp. had a net margin of 0.92% and a return on equity of 9.63%. The firm’s revenue was down 10.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 earnings per share. Analysts expect that Terex Corp. will post $0.96 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Wednesday, August 10th were issued a $0.07 dividend. The ex-dividend date of this dividend was Monday, August 8th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.10%. Terex Corp.’s dividend payout ratio (DPR) is presently 57.14%.
In other Terex Corp. news, insider Kevin A. Barr sold 10,000 shares of Terex Corp. stock in a transaction on Friday, August 19th. The shares were sold at an average price of $23.75, for a total value of $237,500.00. Following the transaction, the insider now owns 153,788 shares in the company, valued at approximately $3,652,465. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director G Chris Andersen sold 20,000 shares of Terex Corp. stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $24.02, for a total transaction of $480,400.00. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. BOKF NA raised its position in shares of Terex Corp. by 97.1% in the second quarter. BOKF NA now owns 5,237 shares of the company’s stock worth $107,000 after buying an additional 2,580 shares during the period. LS Investment Advisors LLC raised its position in Terex Corp. by 70.2% in the second quarter. LS Investment Advisors LLC now owns 6,648 shares of the company’s stock valued at $135,000 after buying an additional 2,743 shares during the last quarter. Creative Planning raised its position in Terex Corp. by 13.2% in the second quarter. Creative Planning now owns 8,600 shares of the company’s stock valued at $175,000 after buying an additional 1,000 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Terex Corp. by 3.8% in the second quarter. PNC Financial Services Group Inc. now owns 8,875 shares of the company’s stock valued at $182,000 after buying an additional 323 shares during the last quarter. Finally, Harbour Capital Advisors LLC acquired a new position in Terex Corp. during the second quarter valued at $200,000. Institutional investors own 81.01% of the company’s stock.
Terex Corp. Company Profile
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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