Terex (NYSE:TEX) Sees Unusually-High Trading Volume

Shares of Terex Co. (NYSE:TEX) saw strong trading volume on Monday . 818,338 shares were traded during trading, an increase of 8% from the previous session’s volume of 760,935 shares.The stock last traded at $55.99 and had previously closed at $54.62.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TEX shares. Jefferies Financial Group decreased their price objective on shares of Terex from $68.00 to $55.00 and set a “hold” rating for the company in a report on Thursday. JPMorgan Chase & Co. dropped their price objective on Terex from $63.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Citigroup assumed coverage on Terex in a research report on Wednesday, June 26th. They issued a “neutral” rating and a $60.00 target price for the company. Raymond James assumed coverage on Terex in a research report on Friday, June 28th. They set a “market perform” rating on the stock. Finally, UBS Group lifted their price objective on Terex from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. 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 company. Based on data from MarketBeat.com, Terex has an average rating of “Hold” and an average target price of $63.67.

Terex Trading Up 2.4 %

The firm’s 50 day moving average is $56.98 and its 200 day moving average is $58.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.16 and a quick ratio of 1.06. The company has a market cap of $3.76 billion, a PE ratio of 7.36 and a beta of 1.57.

Terex (NYSE:TEX) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.23. Terex had a net margin of 9.87% and a return on equity of 30.53%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.23 billion. On average, equities analysts anticipate that Terex Co. will post 7.09 earnings per share for the current year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.22%. Terex’s dividend payout ratio (DPR) is presently 9.01%.

Insider Transactions at Terex

In other Terex news, CAO Stephen Johnston sold 3,239 shares of Terex stock in a transaction that occurred on Tuesday, May 21st. The shares were 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, 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 value of $200,818.00. Following the completion of the transaction, the chief accounting officer now directly owns 14,606 shares in the company, valued at approximately $905,572. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kieran Hegarty sold 17,190 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $58.26, for a total value of $1,001,489.40. Following the transaction, the insider now directly owns 200,029 shares in the company, valued at $11,653,689.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,929 shares of company stock valued at $1,958,307. 1.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Terex

Institutional investors have recently made changes to their positions in the business. Blue Trust Inc. lifted its stake in Terex by 179.0% in the fourth quarter. Blue Trust Inc. now owns 466 shares of the industrial products company’s stock worth $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 increased its stake in Terex by 202.2% in the 1st quarter. FinTrust Capital Advisors LLC now owns 695 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 465 shares during the period. OLD Point Trust & Financial Services N A purchased a new position in Terex in the 4th quarter worth approximately $61,000. Finally, Principal Securities Inc. purchased a new stake in shares of Terex during the fourth quarter valued at approximately $85,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

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.