Terex (NYSE:TEX) Lowered to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Terex (NYSE:TEX) from a hold rating to a sell rating in a research note released on Friday morning.

Other research analysts have also issued reports about the stock. Citigroup decreased their price objective on shares of Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, January 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 report on Thursday, October 31st. JPMorgan Chase & Co. cut their price objective on Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Finally, Truist Financial decreased their target price on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Terex currently has a consensus rating of “Hold” and an average target price of $56.63.

Terex Stock Performance

Terex stock opened at $44.66 on Friday. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.41. The firm has a market cap of $2.98 billion, a P/E ratio of 9.00, a P/E/G ratio of 4.53 and a beta of 1.54. Terex has a 1-year low of $43.50 and a 1-year high of $68.08. The firm has a 50-day moving average of $47.69 and a 200-day moving average of $51.95.

Terex (NYSE:TEX) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping the consensus estimate 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 period in the previous year, the company posted $1.88 earnings per share. Sell-side analysts expect that Terex will post 5.03 EPS for the current year.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, March 7th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Friday, March 7th. Terex’s dividend payout ratio (DPR) is presently 13.71%.

Insiders Place Their Bets

In related news, CEO Simon Meester sold 9,877 shares of the business’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 value of $505,109.78. Following the completion of the transaction, the chief executive officer now directly owns 127,858 shares in the company, valued at $6,538,658.12. The trade was a 7.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Sachs bought 20,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were acquired at an average price of $49.75 per share, for a total transaction of $995,000.00. Following the completion of the purchase, the director now owns 137,500 shares in the company, valued at approximately $6,840,625. The trade was a 17.02 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Cascade Investment Advisors Inc. purchased a new position in Terex in the 4th quarter worth about $1,070,000. Chartwell Investment Partners LLC bought a new stake in shares of Terex in the third quarter worth approximately $559,000. GSA Capital Partners LLP purchased a new position in shares of Terex during the third quarter valued at approximately $615,000. Barclays PLC lifted its position in Terex by 40.2% during the third quarter. Barclays PLC now owns 129,250 shares of the industrial products company’s stock valued at $6,838,000 after purchasing an additional 37,072 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in Terex in the third quarter worth approximately $4,283,000. 92.88% of the stock is owned by institutional investors.

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.