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

Terex Co. (NYSE:TEX)’s share price hit a new 52-week low on Monday . The company traded as low as $44.55 and last traded at $44.61, with a volume of 59877 shares. The stock had previously closed at $45.07.

Wall Street Analysts Forecast Growth

TEX has been the subject of several recent research reports. The Goldman Sachs Group lowered their price target on Terex from $72.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, September 20th. Robert W. Baird lowered their target price on Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. decreased their price target on Terex from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Monday, October 14th. Citigroup lowered their price objective on shares of Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a research report on Monday, September 23rd. Finally, Truist Financial reduced their target price on shares of Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Terex currently has an average rating of “Hold” and an average target price of $58.78.

Terex Stock Performance

The company has a market capitalization of $2.98 billion, a PE ratio of 6.52, a PEG ratio of 4.00 and a beta of 1.53. The company has a 50 day moving average price of $52.89 and a 200 day moving average price of $54.16. 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 earnings results on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.15. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.16 billion. Terex had a return on equity of 24.92% and a net margin of 9.08%. Terex’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.75 EPS. Equities analysts forecast that Terex Co. will post 6.07 EPS for the current year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 8th were given a $0.17 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.52%. Terex’s payout ratio is currently 9.93%.

Insider Activity at Terex

In related news, CEO Simon Meester sold 9,877 shares of the company’s stock in a transaction 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David A. Sachs bought 20,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was bought 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 directly owns 137,500 shares of the company’s stock, valued at $6,840,625. The trade was 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 Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Greenwich Wealth Management LLC raised its holdings in shares of Terex by 0.3% during the third quarter. Greenwich Wealth Management LLC now owns 62,371 shares of the industrial products company’s stock valued at $3,300,000 after buying an additional 181 shares during the last quarter. Dorsey Wright & Associates raised its stake in Terex by 0.3% during the 2nd quarter. Dorsey Wright & Associates now owns 61,309 shares of the industrial products company’s stock valued at $3,362,000 after acquiring an additional 186 shares in the last quarter. Blue Trust Inc. boosted its position in Terex by 57.5% during the 2nd quarter. Blue Trust Inc. now owns 512 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 187 shares during the period. US Bancorp DE grew its stake in shares of Terex by 4.0% in the third quarter. US Bancorp DE now owns 5,837 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 227 shares in the last quarter. Finally, Lingohr Asset Management GmbH increased its holdings in shares of Terex by 2.0% during the third quarter. Lingohr Asset Management GmbH now owns 11,516 shares of the industrial products company’s stock valued at $607,000 after purchasing an additional 230 shares during the period. 92.88% of the stock is owned by institutional investors and hedge funds.

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.