Baird R W Upgrades Terex (NYSE:TEX) to Strong-Buy

Terex (NYSE:TEX) was upgraded by research analysts at Baird R W from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Other analysts have also issued research reports about the company. Citigroup lowered their price target on Terex from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Robert W. Baird upgraded Terex from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $48.00 to $66.00 in a report on Tuesday. UBS Group lowered Terex from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $49.00 to $32.00 in a report on Monday, April 7th. JPMorgan Chase & Co. upped their target price on Terex from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Finally, Morgan Stanley lowered their target price on Terex from $43.00 to $30.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Terex presently has a consensus rating of “Hold” and a consensus price target of $47.50.

Terex Stock Down 0.0%

Shares of TEX opened at $46.83 on Tuesday. The firm has a fifty day moving average price of $37.85 and a 200-day moving average price of $44.67. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $3.10 billion, a P/E ratio of 9.44, a P/E/G ratio of 4.53 and a beta of 1.52. Terex has a 12-month low of $31.53 and a 12-month high of $68.08.

Terex (NYSE:TEX) last issued its earnings results on Friday, May 2nd. The industrial products company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.26. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.26 billion. Terex had a net margin of 6.54% and a return on equity of 21.99%. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period last year, the company posted $1.60 earnings per share. Equities research analysts expect that Terex will post 4.83 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Joshua Gross sold 5,389 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $40.75, for a total transaction of $219,601.75. Following the sale, the insider now directly owns 38,755 shares of the company’s stock, valued at $1,579,266.25. This represents a 12.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andra Rush bought 1,325 shares of the stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the purchase, the director now owns 23,308 shares in the company, valued at approximately $861,463.68. This represents a 6.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Terex

Several hedge funds have recently modified their holdings of the company. Jump Financial LLC purchased a new stake in shares of Terex during the 1st quarter worth about $4,074,000. Hsbc Holdings PLC purchased a new stake in shares of Terex during the 1st quarter worth about $217,000. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Terex by 8.8% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,338,868 shares of the industrial products company’s stock worth $88,362,000 after acquiring an additional 188,195 shares in the last quarter. Cresset Asset Management LLC boosted its stake in shares of Terex by 3.0% during the 1st quarter. Cresset Asset Management LLC now owns 38,885 shares of the industrial products company’s stock worth $1,469,000 after acquiring an additional 1,118 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Terex by 1.4% during the 1st quarter. American Century Companies Inc. now owns 1,765,690 shares of the industrial products company’s stock worth $66,708,000 after acquiring an additional 24,484 shares in the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

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.