Shares of Terex Co. (NYSE:TEX) traded down 5.6% on Wednesday . The company traded as low as $23.90 and last traded at $24.15, 1,839,364 shares were traded during mid-day trading. An increase of 70% from the average session volume of 1,080,936 shares. The stock had previously closed at $25.57.

A number of equities research analysts have weighed in on the company. TheStreet upgraded Terex from a “c” rating to a “b-” rating in a report on Thursday, May 2nd. UBS Group set a $34.00 target price on Terex and gave the stock a “hold” rating in a report on Wednesday, July 31st. Evercore ISI reiterated an “in-line” rating and issued a $31.00 target price (down from $40.00) on shares of Terex in a report on Friday, May 31st. Royal Bank of Canada set a $35.00 price objective on Terex and gave the company a “hold” rating in a report on Wednesday, July 31st. Finally, Morgan Stanley set a $37.00 price objective on Terex and gave the company a “hold” rating in a report on Thursday, May 2nd. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the stock. Terex has an average rating of “Hold” and a consensus target price of $33.92.

The stock has a market cap of $1.76 billion, a PE ratio of 8.91, a P/E/G ratio of 0.84 and a beta of 1.73. The firm’s fifty day moving average is $29.57. The company has a current ratio of 2.21, a quick ratio of 1.43 and a debt-to-equity ratio of 1.68.

Terex (NYSE:TEX) last released its quarterly earnings data on Monday, July 29th. The industrial products company reported $1.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.13). The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.32 billion. Terex had a net margin of 0.29% and a return on equity of 27.40%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 EPS. On average, analysts predict that Terex Co. will post 3.58 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Monday, August 12th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.44 annualized dividend and a dividend yield of 1.82%. Terex’s payout ratio is 16.24%.

In related news, Director International Master F. Marcato sold 1,600,000 shares of Terex stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $27.31, for a total transaction of $43,696,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have purchased 1,066 shares of company stock worth $30,734. 4.00% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can boosted its position in Terex by 4.9% in the first quarter. Great West Life Assurance Co. Can now owns 41,450 shares of the industrial products company’s stock worth $1,331,000 after purchasing an additional 1,929 shares during the last quarter. Geode Capital Management LLC boosted its position in Terex by 9.7% in the fourth quarter. Geode Capital Management LLC now owns 661,708 shares of the industrial products company’s stock worth $18,242,000 after purchasing an additional 58,616 shares during the last quarter. Nordea Investment Management AB boosted its position in Terex by 50.0% in the first quarter. Nordea Investment Management AB now owns 190,432 shares of the industrial products company’s stock worth $6,118,000 after purchasing an additional 63,469 shares during the last quarter. Norges Bank purchased a new position in Terex in the fourth quarter worth $20,984,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Terex in the first quarter worth $534,000. 91.13% of the stock is currently owned by institutional investors.

Terex Company Profile (NYSE:TEX)

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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