Terex (NYSE:TEX) Hits New 1-Year Low – Should You Sell?

Terex Co. (NYSE:TEX)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $36.15 and last traded at $37.74, with a volume of 2177466 shares. The stock had previously closed at $38.29.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TEX. Barclays dropped their target price on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Citigroup decreased their price target on shares of Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price target 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. 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 research report on Thursday, December 19th. Finally, StockNews.com lowered shares of Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $56.11.

Terex Stock Up 3.4 %

The stock has a market capitalization of $2.68 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of 4.53 and a beta of 1.56. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. The company’s 50-day moving average is $45.39 and its 200 day moving average is $50.17.

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 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 period last year, the company posted $1.88 earnings per share. As a group, analysts anticipate that Terex Co. will post 4.83 EPS for the current year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, March 7th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.68 annualized dividend and a yield of 1.68%. Terex’s dividend payout ratio (DPR) is presently 13.71%.

Insider Buying and Selling

In other Terex news, Director David A. Sachs purchased 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $49.75 per share, for a total transaction of $995,000.00. Following the acquisition, the director now owns 137,500 shares in the company, valued at $6,840,625. This represents a 17.02 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Simon Meester sold 9,877 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was 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 in the company, valued at approximately $6,538,658.12. This trade represents a 7.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 31,325 shares of company stock worth $1,556,972. 1.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Terex

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Neo Ivy Capital Management acquired a new stake in shares of Terex during the 4th quarter worth approximately $29,000. Jones Financial Companies Lllp acquired a new stake in shares of Terex during the 4th quarter worth approximately $31,000. Smartleaf Asset Management LLC grew its stake in shares of Terex by 46.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 222 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Terex during the 3rd quarter worth approximately $40,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Terex during the 3rd quarter worth approximately $41,000. Institutional investors and hedge funds 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.