Terex (NYSE:TEX) Hits New 12-Month Low – Time to Sell?

Terex Co. (NYSE:TEX)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $35.66 and last traded at $35.84, with a volume of 859271 shares trading hands. The stock had previously closed at $40.01.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Citigroup decreased their price objective on shares of Terex from $48.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Truist Financial decreased their price target on shares of Terex from $65.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Evercore ISI lowered their price target on Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. The Goldman Sachs Group cut their price objective on Terex from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Finally, Barclays lowered their target price on Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $54.22.

Terex Stock Performance

The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. The firm has a 50-day moving average of $42.32 and a 200 day moving average of $48.06. The stock has a market capitalization of $2.26 billion, a P/E ratio of 6.87, a PEG ratio of 4.53 and a beta of 1.40.

Terex (NYSE:TEX) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same quarter in the prior year, the business posted $1.88 earnings per share. Research analysts anticipate that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.00%. The ex-dividend date was Friday, March 7th. Terex’s dividend payout ratio is 13.71%.

Insider Buying and Selling at Terex

In other news, Director Andra Rush acquired 1,325 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $36.96 per share, with a total value of $48,972.00. Following the completion of the purchase, the director now owns 23,308 shares of the company’s stock, valued at $861,463.68. This represents a 6.03 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Neo Ivy Capital Management bought a new stake in Terex during the 4th quarter worth about $29,000. Jones Financial Companies Lllp acquired a new position in shares of Terex during the fourth quarter worth approximately $31,000. Smartleaf Asset Management LLC grew its stake in shares of Terex by 46.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 222 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Terex in the 3rd quarter worth approximately $40,000. Finally, VisionPoint Advisory Group LLC bought a new position in Terex in the 4th quarter worth approximately $51,000. 92.88% of the stock is owned by institutional investors and hedge funds.

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.