Terex (NYSE:TEX) Reaches New 1-Year Low – What’s Next?

Terex Co. (NYSE:TEX)’s share price reached a new 52-week low on Friday . The stock traded as low as $43.19 and last traded at $43.26, with a volume of 291848 shares traded. The stock had previously closed at $45.57.

Analyst Upgrades and Downgrades

TEX has been the topic of several research analyst reports. Citigroup decreased their price target on shares of Terex from $57.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. StockNews.com lowered shares of Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. cut their target price on shares of Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Robert W. Baird cut their target price on shares of Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Finally, Evercore ISI cut their target price on shares of Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.11.

Terex Trading Down 5.2 %

The firm’s 50-day simple moving average is $46.39 and its 200-day simple moving average is $51.02. 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 market capitalization of $2.87 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 4.70 and a beta of 1.54.

Terex (NYSE:TEX) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the business earned $1.88 earnings per share. Equities analysts expect that Terex Co. will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.57%. Terex’s dividend payout ratio is currently 13.71%.

Insider Transactions at Terex

In other Terex news, CEO Simon Meester sold 9,877 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 127,858 shares of the company’s stock, valued at approximately $6,538,658.12. This trade represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David A. Sachs bought 20,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were acquired at an average cost of $49.75 per share, with a total value of $995,000.00. Following the purchase, the director now directly 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. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Terex

A number of institutional investors and hedge funds have recently made changes to their positions in TEX. FMR LLC increased its stake in shares of Terex by 17.0% during the fourth quarter. FMR LLC now owns 8,782,287 shares of the industrial products company’s stock valued at $405,917,000 after purchasing an additional 1,272,920 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Terex by 94.8% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,150,673 shares of the industrial products company’s stock valued at $99,404,000 after buying an additional 1,046,600 shares during the last quarter. Norges Bank purchased a new stake in shares of Terex during the fourth quarter valued at approximately $35,001,000. First Trust Advisors LP grew its holdings in shares of Terex by 43.2% during the fourth quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company’s stock valued at $89,247,000 after buying an additional 582,819 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Terex by 66.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 352,780 shares of the industrial products company’s stock valued at $16,305,000 after buying an additional 141,352 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.