ValuEngine upgraded shares of Terex (NYSE:TEX) from a strong sell rating to a sell rating in a report published on Wednesday morning.

A number of other brokerages have also issued reports on TEX. Seaport Global Securities set a $49.00 price target on Terex and gave the stock a buy rating in a research note on Friday, July 13th. Robert W. Baird lowered Terex from a neutral rating to an underperform rating and set a $38.00 price target on the stock. in a research note on Tuesday, July 10th. Wells Fargo & Co lowered Terex from an outperform rating to a market perform rating in a research note on Thursday, July 19th. Zacks Investment Research raised Terex from a hold rating to a buy rating and set a $49.00 price target on the stock in a research note on Tuesday, July 17th. Finally, UBS Group set a $52.00 price target on Terex and gave the stock a buy rating in a research note on Wednesday, August 22nd. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $41.75.

Shares of NYSE:TEX traded down $1.39 during trading on Wednesday, reaching $30.39. The stock had a trading volume of 2,270,363 shares, compared to its average volume of 1,789,311. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.22 and a quick ratio of 1.19. The firm has a market capitalization of $2.39 billion, a PE ratio of 22.51, a P/E/G ratio of 0.61 and a beta of 1.61. Terex has a 1-year low of $28.64 and a 1-year high of $50.17.

Terex (NYSE:TEX) last issued its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.07). The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.28 billion. Terex had a return on equity of 18.86% and a net margin of 2.42%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 earnings per share. As a group, analysts expect that Terex will post 2.65 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Friday, November 9th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.40 dividend on an annualized basis and a yield of 1.32%. Terex’s payout ratio is 29.63%.

In related news, insider Kevin A. Barr sold 10,000 shares of Terex stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $39.65, for a total transaction of $396,500.00. Following the transaction, the insider now owns 113,908 shares in the company, valued at $4,516,452.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Steve Filipov sold 6,929 shares of Terex stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $38.85, for a total value of $269,191.65. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 973 shares of company stock worth $37,603 and have sold 38,866 shares worth $1,514,531. Company insiders own 3.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in TEX. Stratos Wealth Partners LTD. purchased a new stake in Terex in the third quarter valued at $109,000. Delta Capital Management LLC purchased a new stake in Terex in the second quarter valued at $212,000. Lido Advisors LLC purchased a new stake in Terex in the second quarter valued at $246,000. Strs Ohio purchased a new stake in Terex in the second quarter valued at $307,000. Finally, Pinnacle Associates Ltd. raised its position in Terex by 32.4% in the second quarter. Pinnacle Associates Ltd. now owns 8,170 shares of the industrial products company’s stock valued at $345,000 after purchasing an additional 2,001 shares during the period. Hedge funds and other institutional investors own 98.74% of the company’s stock.

Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide. The company operates through three segments: Aerial Work Platforms (AWP), Cranes, and Material Processing (MP). The AWP segment engages in the design, manufacture, service, and market of AWP equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brands to construct and maintain industrial, commercial, and residential buildings and facilities, and for other commercial operations, as well as used in infrastructure projects.

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Analyst Recommendations for Terex (NYSE:TEX)

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