Robert W. Baird Increases Terex (NYSE:TEX) Price Target to $67.00

Terex (NYSE:TEX) had its target price raised by Robert W. Baird from $58.00 to $67.00 in a report released on Monday morning, Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. lowered their price target on shares of Terex from $63.00 to $59.00 and set a neutral rating for the company in a report on Wednesday, July 10th. Jefferies Financial Group lowered their price target on shares of Terex from $68.00 to $55.00 and set a hold rating for the company in a report on Thursday, July 11th. Raymond James began coverage on shares of Terex in a report on Friday, June 28th. They set a market perform rating for the company. UBS Group upped their price target on shares of Terex from $62.00 to $64.00 and gave the company a neutral rating in a report on Tuesday, May 21st. Finally, Citigroup began coverage on shares of Terex in a report on Wednesday, June 26th. They set a neutral rating and a $60.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $64.33.

Terex Trading Up 4.1 %

Shares of TEX opened at $65.69 on Monday. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 8.70 and a beta of 1.57. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.06 and a current ratio of 2.16. Terex has a fifty-two week low of $43.70 and a fifty-two week high of $67.40. The firm has a 50 day moving average price of $56.88 and a 200-day moving average price of $58.74.

Terex (NYSE:TEX) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.23. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.23 billion. Terex had a net margin of 9.87% and a return on equity of 30.53%. As a group, equities research analysts forecast that Terex will post 7.08 earnings per share for the current year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Thursday, June 6th. Terex’s payout ratio is currently 9.01%.

Insider Buying and Selling at Terex

In other news, CAO Stephen Johnston sold 3,239 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $62.00, for a total value of $200,818.00. Following the sale, the chief accounting officer now directly owns 14,606 shares of the company’s stock, valued at approximately $905,572. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Scott Posner sold 12,500 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $60.48, for a total value of $756,000.00. Following the sale, the vice president now directly owns 58,224 shares of the company’s stock, valued at approximately $3,521,387.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Stephen Johnston sold 3,239 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $62.00, for a total transaction of $200,818.00. Following the completion of the sale, the chief accounting officer now directly owns 14,606 shares in the company, valued at $905,572. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,929 shares of company stock valued at $1,958,307. 1.90% of the stock is currently owned by company insiders.

Institutional Trading of Terex

Hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. grew its position in Terex by 179.0% during the 4th quarter. Blue Trust Inc. now owns 466 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 299 shares during the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in Terex during the 4th quarter valued at about $29,000. FinTrust Capital Advisors LLC grew its position in Terex by 202.2% during the 1st quarter. FinTrust Capital Advisors LLC now owns 695 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 465 shares during the last quarter. OLD Point Trust & Financial Services N A purchased a new stake in Terex during the 4th quarter valued at about $61,000. Finally, Principal Securities Inc. purchased a new stake in Terex during the 4th quarter valued at about $85,000. 92.88% of the stock is owned by hedge funds and other institutional investors.

Terex Company Profile

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.