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 report report published on Friday morning.

Several other equities analysts have also recently issued reports on TEX. JPMorgan Chase & Co. dropped their price target on Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Citigroup dropped their target price on Terex from $57.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Truist Financial decreased their price target on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Finally, Robert W. Baird dropped their price objective on shares of Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $56.63.

Terex Price Performance

Shares of NYSE TEX 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 stock 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. The stock has a 50 day moving average of $47.69 and a two-hundred day moving average of $52.12. Terex has a twelve month low of $43.50 and a twelve month high of $68.08.

Terex (NYSE:TEX) last released its quarterly earnings results 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 in the prior year, the business posted $1.88 earnings per share. On average, research analysts forecast that Terex will post 5.03 earnings per share for the current year.

Terex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, March 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.52%. Terex’s payout ratio is currently 13.71%.

Insider Activity

In other Terex news, CEO Simon Meester sold 9,877 shares of the company’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 transaction, the chief executive officer now directly owns 127,858 shares in the company, valued at approximately $6,538,658.12. This represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David A. Sachs bought 20,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was bought at an average cost of $49.75 per share, with a total value of $995,000.00. Following the completion of the acquisition, the director now owns 137,500 shares of the company’s stock, valued at $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 Trading of Terex

A number of institutional investors have recently bought and sold shares of the company. Cascade Investment Advisors Inc. acquired a new position in shares of Terex during the 4th quarter worth $1,070,000. Chartwell Investment Partners LLC purchased a new position in Terex during the 3rd quarter valued at about $559,000. GSA Capital Partners LLP acquired a new position in Terex during the third quarter worth about $615,000. Barclays PLC lifted its holdings in shares of Terex by 40.2% in 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 in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Terex in the third quarter valued at approximately $4,283,000. 92.88% of the stock is currently owned by hedge funds and other 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.