Andra Rush Acquires 2,205 Shares of Terex Co. (NYSE:TEX) Stock

Terex Co. (NYSE:TEX) Director Andra Rush acquired 2,205 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average cost of $54.36 per share, for a total transaction of $119,863.80. Following the completion of the acquisition, the director now directly owns 21,983 shares in the company, valued at $1,194,995.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Terex Stock Down 3.2 %

Shares of TEX opened at $53.34 on Thursday. The firm has a fifty day moving average price of $56.68 and a 200-day moving average price of $58.95. The company has a current ratio of 2.21, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $3.57 billion, a P/E ratio of 7.06, a P/E/G ratio of 3.68 and a beta of 1.57. Terex Co. has a 12-month low of $43.70 and a 12-month high of $68.08.

Terex (NYSE:TEX) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.10. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Terex had a net margin of 9.55% and a return on equity of 27.89%. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.35 EPS. Equities research analysts expect that Terex Co. will post 7.25 earnings per share for the current year.

Terex Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, August 9th. Terex’s dividend payout ratio is 9.01%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TEX shares. Robert W. Baird upped their price target on shares of Terex from $58.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Jefferies Financial Group decreased their target price on shares of Terex from $68.00 to $55.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. JPMorgan Chase & Co. lifted their price target on Terex from $59.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. UBS Group upped their price objective on Terex from $62.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Finally, The Goldman Sachs Group boosted their target price on Terex from $64.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Terex presently has an average rating of “Hold” and an average price target of $63.70.

Hedge Funds Weigh In On Terex

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James & Associates lifted its stake in Terex by 1.1% in the fourth quarter. Raymond James & Associates now owns 32,419 shares of the industrial products company’s stock worth $1,863,000 after acquiring an additional 356 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Terex by 5.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 8,077 shares of the industrial products company’s stock worth $464,000 after purchasing an additional 407 shares during the period. Blue Trust Inc. boosted its stake in shares of Terex by 179.0% during the fourth 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 increased its holdings in Terex by 5,549.8% during the fourth quarter. International Assets Investment Management LLC now owns 128,193 shares of the industrial products company’s stock valued at $7,366,000 after buying an additional 125,924 shares during the period. Finally, New York State Teachers Retirement System raised its stake in Terex by 4.1% in 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 buying an additional 3,661 shares in 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.