Royal Bank Of Canada reiterated their hold rating on shares of Terex Corporation (NYSE:TEX) in a research report released on Wednesday. Royal Bank Of Canada currently has a $38.00 target price on the industrial products company’s stock.

Several other research analysts have also recently issued reports on TEX. Credit Suisse Group set a $45.00 price target on Terex Corporation and gave the company a buy rating in a report on Monday, June 26th. BMO Capital Markets reaffirmed a hold rating and issued a $35.00 price target on shares of Terex Corporation in a report on Thursday, July 20th. BidaskClub raised Terex Corporation from a buy rating to a strong-buy rating in a report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) cut Terex Corporation from a buy rating to a neutral rating and set a $37.00 price target on the stock. in a report on Thursday, June 15th. Finally, Wells Fargo & Company reaffirmed an outperform rating and issued a $41.00 price target (up previously from $38.50) on shares of Terex Corporation in a report on Monday, June 19th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $38.00.

Terex Corporation (NYSE TEX) opened at 43.47 on Wednesday. The stock’s market capitalization is $3.89 billion. Terex Corporation has a 1-year low of $21.88 and a 1-year high of $43.67. The company has a 50-day moving average price of $39.01 and a 200 day moving average price of $35.16.

Terex Corporation (NYSE:TEX) last announced its earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.09. Terex Corporation had a positive return on equity of 4.98% and a negative net margin of 1.76%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the company earned $0.64 earnings per share. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. On average, equities analysts predict that Terex Corporation will post $1.15 EPS for the current year.

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Terex Corporation announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 30th that permits the company to buyback $280.00 million in outstanding shares. This buyback authorization permits the industrial products company to repurchase up to 8.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Wednesday, August 9th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Monday, August 7th. Terex Corporation’s dividend payout ratio (DPR) is currently -50.79%.

In other news, insider Kevin A. Barr sold 15,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $38.92, for a total transaction of $583,800.00. Following the transaction, the insider now directly owns 143,304 shares in the company, valued at approximately $5,577,391.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Kevin Bradley sold 3,000 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $37.30, for a total transaction of $111,900.00. Following the transaction, the senior vice president now owns 51,612 shares in the company, valued at $1,925,127.60. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 4,202 shares of company stock worth $159,449 and have sold 87,560 shares worth $3,410,477. 2.50% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of TEX. BlackRock Inc. grew its holdings in shares of Terex Corporation by 11,851.5% during the 1st quarter. BlackRock Inc. now owns 8,449,356 shares of the industrial products company’s stock valued at $265,310,000 after acquiring an additional 8,378,659 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Terex Corporation by 160.8% during the 1st quarter. Alliancebernstein L.P. now owns 3,095,591 shares of the industrial products company’s stock valued at $97,202,000 after acquiring an additional 1,908,447 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Terex Corporation by 1,197.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,759,927 shares of the industrial products company’s stock valued at $65,999,000 after acquiring an additional 1,624,263 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Terex Corporation by 51.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 3,624,339 shares of the industrial products company’s stock valued at $135,913,000 after acquiring an additional 1,224,422 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Terex Corporation by 17.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,444,169 shares of the industrial products company’s stock valued at $202,346,000 after acquiring an additional 943,237 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Terex Corporation Company Profile

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.

Analyst Recommendations for Terex Corporation (NYSE:TEX)

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