Terex (NYSE:TEX) Downgraded by StockNews.com to "Sell"

Terex (NYSE:TEX - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a report released on Friday.

Other analysts also recently issued research reports about the stock. Citigroup cut 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. Truist Financial decreased their target price on shares of Terex from $65.00 to $58.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. Robert W. Baird decreased their target price 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. Finally, JPMorgan Chase & Co. decreased their target price on shares of Terex from $59.00 to $52.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $56.11.

Terex Price Performance

Shares of TEX stock traded up $0.84 during mid-day trading on Friday, hitting $45.43. 444,766 shares of the stock were exchanged, compared to its average volume of 792,375. Terex has a 52-week low of $43.23 and a 52-week high of $68.08. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. The firm has a fifty day moving average of $47.48 and a 200 day moving average of $51.80. The company has a market cap of $3.03 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of 4.53 and a beta of 1.54.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings results 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 net margin of 6.54% and a return on equity of 21.99%. During the same quarter in the prior year, the firm posted $1.88 earnings per share. Research analysts anticipate that Terex will post 5.03 earnings per share for the current year.

Insider Activity at Terex

In other Terex news, CEO Simon Meester sold 9,877 shares of the business's stock in a transaction 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 owns 127,858 shares in the company, valued at $6,538,658.12. The trade was a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David A. Sachs purchased 20,000 shares of the company's stock in a transaction on Friday, December 13th. The stock was acquired at an average price of $49.75 per share, with a total value of $995,000.00. Following the purchase, the director now owns 137,500 shares of the company's stock, valued at approximately $6,840,625. This represents a 17.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Terex

Institutional investors have recently modified their holdings of the business. American Century Companies Inc. grew its stake in shares of Terex by 8.4% during the fourth quarter. American Century Companies Inc. now owns 1,741,206 shares of the industrial products company's stock worth $80,479,000 after purchasing an additional 135,286 shares in the last quarter. Regents Gate Capital LLP acquired a new position in shares of Terex during the fourth quarter worth $5,561,000. Point72 Asset Management L.P. acquired a new position in shares of Terex during the third quarter worth $4,283,000. Foundry Partners LLC acquired a new position in shares of Terex during the third quarter worth $3,881,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Terex by 7.9% during the fourth quarter. Bank of New York Mellon Corp now owns 725,486 shares of the industrial products company's stock worth $33,532,000 after purchasing an additional 52,885 shares in the last quarter. 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.