Terex (NYSE:TEX) Sets New 52-Week Low – Time to Sell?

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TEX shares. The Goldman Sachs Group decreased their price target on Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, September 20th. Citigroup decreased their target price on shares of Terex from $60.00 to $57.00 and set a “neutral” rating on the stock in a research note on Monday, September 23rd. JPMorgan Chase & Co. cut their price target 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. Robert W. Baird lowered their price objective on shares of Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, Truist Financial lowered their price objective 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, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $58.78.

Terex Trading Down 2.4 %

The company has a market cap of $2.93 billion, a PE ratio of 6.40, a PEG ratio of 4.00 and a beta of 1.55. The stock has a 50 day moving average price of $50.40 and a 200 day moving average price of $53.26. The company has a current ratio of 2.39, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32.

Terex (NYSE:TEX) last announced its quarterly earnings data 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. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.16 billion. Terex had a return on equity of 24.92% and a net margin of 9.08%. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.75 earnings per share. Sell-side analysts predict that Terex Co. will post 6.07 EPS for the current fiscal year.

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 8th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Friday, November 8th. Terex’s dividend payout ratio (DPR) is presently 9.93%.

Insider Buying and Selling at Terex

In other Terex news, CEO Simon Meester sold 9,877 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 127,858 shares in the company, valued at approximately $6,538,658.12. This trade represents a 7.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. Sachs bought 20,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was purchased at an average price of $49.75 per share, for a total transaction of $995,000.00. Following the purchase, the director now owns 137,500 shares of the company’s stock, valued at approximately $6,840,625. This represents a 17.02 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Terex

Several institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Terex by 83.3% during the 3rd quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 335 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Terex during the third quarter valued at $40,000. Truvestments Capital LLC purchased a new stake in shares of Terex during the third quarter valued at $41,000. Blue Trust Inc. increased its holdings in Terex by 89.3% in the 3rd quarter. Blue Trust Inc. now owns 969 shares of the industrial products company’s stock worth $53,000 after buying an additional 457 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Terex by 74.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock worth $62,000 after buying an additional 504 shares during the last quarter. Institutional investors own 92.88% of the company’s stock.

About Terex

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.