Terex (NYSE:TEX) Sets New 52-Week Low – Should You Sell?

Terex Co. (NYSE:TEX) reached a new 52-week low during trading on Friday . The company traded as low as $44.04 and last traded at $44.07, with a volume of 74944 shares trading hands. The stock had previously closed at $44.93.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Robert W. Baird dropped their price target on Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Truist Financial decreased their price target on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, December 19th. The Goldman Sachs Group cut their price objective on shares of Terex from $72.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday, September 20th. JPMorgan Chase & Co. lowered their target price on shares of Terex from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. Finally, Citigroup cut their price target on shares of Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $58.78.

Terex Stock Down 1.9 %

The firm has a market capitalization of $2.94 billion, a PE ratio of 6.43, a price-to-earnings-growth ratio of 4.00 and a beta of 1.55. The firm’s 50-day moving average is $50.25 and its 200 day moving average is $53.19. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 2.39.

Terex (NYSE:TEX) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.31 by $0.15. Terex had a net margin of 9.08% and a return on equity of 24.92%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the business earned $1.75 earnings per share. The company’s quarterly revenue was down 6.0% on a year-over-year basis. As a group, research analysts forecast that Terex Co. will post 6.07 earnings per share for the current fiscal year.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 8th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Friday, November 8th. Terex’s payout ratio is currently 9.93%.

Insider Activity at Terex

In other news, CEO Simon Meester sold 9,877 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total transaction of $505,109.78. Following the transaction, the chief executive officer now directly owns 127,858 shares in the company, valued at $6,538,658.12. This represents a 7.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David A. Sachs bought 20,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of $49.75 per share, with a total value of $995,000.00. Following the completion of the acquisition, the director now owns 137,500 shares of the company’s stock, valued at $6,840,625. This trade represents a 17.02 % increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Terex

Several institutional investors have recently made changes to their positions in TEX. GAMMA Investing LLC grew its position in Terex by 83.3% during the third quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 335 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Terex during the 3rd quarter worth approximately $40,000. Truvestments Capital LLC purchased a new position in Terex in the third quarter valued at approximately $41,000. Blue Trust Inc. lifted its position in Terex by 89.3% during the third quarter. Blue Trust Inc. now owns 969 shares of the industrial products company’s stock valued at $53,000 after buying an additional 457 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Terex by 74.6% in the third quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 504 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.