KeyCorp restated their hold rating on shares of Terex Corporation (NYSE:TEX) in a research note published on Wednesday.

Other analysts also recently issued research reports about the stock. TheStreet raised shares of Terex Corporation from a c rating to a b rating in a report on Tuesday, August 1st. Zacks Investment Research raised shares of Terex Corporation from a hold rating to a buy rating and set a $51.00 price target on the stock in a report on Wednesday, October 11th. UBS AG set a $52.00 price target on shares of Terex Corporation and gave the company a buy rating in a report on Wednesday, October 11th. Deutsche Bank AG set a $44.00 price target on shares of Terex Corporation and gave the company a buy rating in a report on Thursday, August 3rd. Finally, Wells Fargo & Company set a $52.00 price target on shares of Terex Corporation and gave the company a buy rating in a report on Monday, October 16th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $41.43.

Terex Corporation (NYSE TEX) traded up $0.83 during mid-day trading on Wednesday, reaching $46.16. 1,499,910 shares of the company were exchanged, compared to its average volume of 1,121,354. The stock has a market capitalization of $3,882.06, a P/E ratio of 40.85, a P/E/G ratio of 3.18 and a beta of 1.89. Terex Corporation has a 52-week low of $22.43 and a 52-week high of $48.86. The company has a current ratio of 2.42, a quick ratio of 1.46 and a debt-to-equity ratio of 0.71.

Terex Corporation (NYSE:TEX) last announced its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.14. Terex Corporation had a negative net margin of 2.62% and a positive return on equity of 7.01%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm earned $0.19 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. analysts predict that Terex Corporation will post 1.28 earnings per share for the current year.

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Terex Corporation declared that its board has approved a share buyback plan on Wednesday, September 6th that authorizes the company to buyback $225.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to purchase up to 6.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Thursday, November 9th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Wednesday, November 8th. Terex Corporation’s payout ratio is currently -37.21%.

In other news, VP Eric I. Cohen sold 10,000 shares of Terex Corporation stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $45.00, for a total value of $450,000.00. Following the transaction, the vice president now owns 195,980 shares of the company’s stock, valued at approximately $8,819,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Eric I. Cohen sold 3,392 shares of Terex Corporation stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $39.23, for a total transaction of $133,068.16. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 3,881 shares of company stock worth $150,935 and have sold 83,679 shares worth $3,397,910. Corporate insiders own 2.50% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Prudential Financial Inc. boosted its holdings in shares of Terex Corporation by 208.0% during the third quarter. Prudential Financial Inc. now owns 835,582 shares of the industrial products company’s stock worth $37,618,000 after purchasing an additional 564,300 shares during the period. IndexIQ Advisors LLC lifted its stake in Terex Corporation by 83.2% in the third quarter. IndexIQ Advisors LLC now owns 27,603 shares of the industrial products company’s stock valued at $1,243,000 after acquiring an additional 12,539 shares during the last quarter. Old Mutual Global Investors UK Ltd. lifted its stake in Terex Corporation by 184.0% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 233,391 shares of the industrial products company’s stock valued at $10,507,000 after acquiring an additional 151,207 shares during the last quarter. BT Investment Management Ltd lifted its stake in Terex Corporation by 23.7% in the third quarter. BT Investment Management Ltd now owns 33,520 shares of the industrial products company’s stock valued at $1,509,000 after acquiring an additional 6,428 shares during the last quarter. Finally, Parametrica Management Ltd acquired a new stake in Terex Corporation in the third quarter valued at approximately $421,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

About Terex Corporation

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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