Terex (NYSE:TEX) PT Lowered to $62.00 at JPMorgan Chase & Co.

Terex (NYSE:TEX) had its price objective reduced by JPMorgan Chase & Co. from $65.00 to $62.00 in a report published on Monday morning, Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

A number of other equities research analysts have also weighed in on the company. Citigroup cut their price objective on Terex from $60.00 to $57.00 and set a “neutral” rating on the stock in a research report on Monday, September 23rd. Jefferies Financial Group cut their price target on shares of Terex from $68.00 to $55.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Robert W. Baird upped their price objective on shares of Terex from $63.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Raymond James assumed coverage on shares of Terex in a research note on Friday, June 28th. They set a “market perform” rating on the stock. Finally, Evercore ISI decreased their price target on shares of Terex from $67.00 to $59.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $60.30.

Terex Stock Up 0.4 %

Shares of Terex stock opened at $55.96 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 2.21. Terex has a 52-week low of $43.70 and a 52-week high of $68.08. The company’s 50 day moving average price is $53.38 and its 200-day moving average price is $56.92. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 7.68, a P/E/G ratio of 4.59 and a beta of 1.53.

Terex (NYSE:TEX) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.10. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.43 billion. Terex had a net margin of 9.55% and a return on equity of 27.89%. The company’s revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.35 EPS. Equities research analysts forecast that Terex will post 5.91 EPS for the current year.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be paid a $0.17 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.68 annualized dividend and a dividend yield of 1.22%. Terex’s payout ratio is currently 9.33%.

Insider Activity at Terex

In related news, Director Andra Rush bought 2,205 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average cost of $54.36 per share, with a total value of $119,863.80. Following the completion of the purchase, the director now owns 21,983 shares in the company, valued at approximately $1,194,995.88. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Clearbridge Investments LLC lifted its position in Terex by 2.6% in the 1st quarter. Clearbridge Investments LLC now owns 351,153 shares of the industrial products company’s stock valued at $22,614,000 after acquiring an additional 8,908 shares in the last quarter. TCW Group Inc. bought a new position in shares of Terex during the second quarter valued at $566,000. Russell Investments Group Ltd. boosted its position in shares of Terex by 11.5% during the first quarter. Russell Investments Group Ltd. now owns 316,692 shares of the industrial products company’s stock valued at $20,395,000 after buying an additional 32,630 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Terex by 26.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 106,849 shares of the industrial products company’s stock worth $6,809,000 after buying an additional 22,291 shares in the last quarter. Finally, Edgestream Partners L.P. raised its position in Terex by 181.6% in the 2nd quarter. Edgestream Partners L.P. now owns 68,898 shares of the industrial products company’s stock worth $3,778,000 after buying an additional 44,432 shares during the last quarter. Institutional investors own 92.88% of the company’s stock.

About Terex

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.