Terex Co. (NYSE:TEX) Director Acquires $119,863.80 in Stock

Terex Co. (NYSE:TEX) Director Andra Rush purchased 2,205 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average cost of $54.36 per share, with a total value of $119,863.80. Following the completion of the acquisition, the director now owns 21,983 shares in the company, valued at $1,194,995.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Terex Trading Down 0.6 %

NYSE:TEX traded down $0.32 during trading hours on Monday, reaching $54.07. The company’s stock had a trading volume of 1,879,828 shares, compared to its average volume of 851,351. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 7.20, a PEG ratio of 3.68 and a beta of 1.57. The firm has a 50-day simple moving average of $57.00 and a 200-day simple moving average of $59.02. Terex Co. has a 1 year low of $43.70 and a 1 year high of $68.08. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 2.21.

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. Research analysts expect that Terex Co. will post 7.25 EPS for the current fiscal year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, August 9th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, August 9th. Terex’s dividend payout ratio (DPR) is presently 9.01%.

Institutional Investors Weigh In On Terex

A number of large investors have recently added to or reduced their stakes in the company. Raymond James & Associates boosted its stake in shares of Terex by 1.1% during the 4th quarter. Raymond James & Associates now owns 32,419 shares of the industrial products company’s stock valued at $1,863,000 after purchasing an additional 356 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Terex by 5.3% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 8,077 shares of the industrial products company’s stock valued at $464,000 after purchasing an additional 407 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of 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 in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Terex by 5,549.8% during the 4th quarter. International Assets Investment Management LLC now owns 128,193 shares of the industrial products company’s stock valued at $7,366,000 after purchasing an additional 125,924 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its stake in Terex by 4.1% during the fourth quarter. New York State Teachers Retirement System now owns 93,215 shares of the industrial products company’s stock worth $5,356,000 after acquiring an additional 3,661 shares in the last quarter. Institutional investors own 92.88% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on TEX. UBS Group raised 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. Robert W. Baird raised their price objective on shares of Terex from $58.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. raised their price objective on shares of Terex from $59.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Citigroup started coverage on shares of Terex in a research report on Wednesday, June 26th. They set a “neutral” rating and a $60.00 price objective on the stock. Finally, Truist Financial raised their price objective on shares of Terex from $68.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $63.70.

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.