Terex (NYSE:TEX) Sets New 1-Year Low – Here’s What Happened

Shares of Terex Co. (NYSE:TEX) hit a new 52-week low on Thursday . The stock traded as low as $41.53 and last traded at $41.78, with a volume of 262699 shares traded. The stock had previously closed at $42.42.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TEX shares. Citigroup cut their target price on shares of Terex from $57.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. StockNews.com cut shares of Terex from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Robert W. Baird lowered their target price on shares of Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Barclays reduced their target price on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Finally, Truist Financial reduced their target price on shares of Terex from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $56.11.

Terex Stock Performance

The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 4.53 and a beta of 1.54. The company’s 50 day simple moving average is $45.97 and its 200 day simple moving average is $50.67. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16.

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

Terex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, March 7th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, March 7th. Terex’s payout ratio is presently 13.71%.

Insider Buying and Selling

In other Terex news, CEO Simon Meester sold 9,877 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total transaction of $505,109.78. Following the completion of the sale, the chief executive officer now owns 127,858 shares in the company, valued at approximately $6,538,658.12. The trade was a 7.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David A. Sachs purchased 10,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was acquired at an average price of $51.30 per share, with a total value of $513,000.00. Following the completion of the acquisition, the director now directly owns 107,500 shares of the company’s stock, valued at approximately $5,514,750. This represents a 10.26 % 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 Trading of Terex

Several institutional investors and hedge funds have recently bought and sold shares of TEX. Neo Ivy Capital Management acquired a new stake in shares of Terex in the fourth quarter valued at approximately $29,000. Jones Financial Companies Lllp acquired a new position in shares of Terex in the 4th quarter valued at approximately $31,000. Smartleaf Asset Management LLC boosted its holdings in shares of Terex by 46.1% in the 4th 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Terex in the third quarter valued at about $40,000. Finally, Truvestments Capital LLC bought a new position in Terex in the 3rd quarter valued at approximately $41,000. 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.