Terex (NYSE:TEX) Sets New 52-Week Low - Time to Sell?

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TEX shares. Truist Financial decreased their price objective on Terex from $65.00 to $58.00 and set a "buy" rating on the stock in a report on Thursday, December 19th. Citigroup decreased their target price on shares of Terex from $57.00 to $48.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price target on Terex from $59.00 to $52.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Evercore ISI lowered their price objective on shares of Terex from $63.00 to $59.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Finally, StockNews.com downgraded shares of Terex from a "hold" rating to a "sell" rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Terex has a consensus rating of "Hold" and a consensus target price of $56.11.

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Terex Stock Performance

The company has a market capitalization of $2.72 billion, a PE ratio of 8.27, a P/E/G ratio of 4.53 and a beta of 1.56. The stock's 50-day simple moving average is $45.28 and its 200 day simple moving average is $50.10. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16.

Terex (NYSE:TEX - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates 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 firm earned $1.88 EPS. As a group, research analysts expect that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, March 7th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, March 7th. Terex's dividend payout ratio (DPR) is 13.71%.

Insider Buying and Selling

In other Terex news, Director David A. Sachs bought 20,000 shares of Terex stock in a transaction dated Friday, December 13th. The stock was acquired 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 approximately $6,840,625. This represents a 17.02 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andra Rush purchased 1,325 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the acquisition, the director now owns 23,308 shares of the company's stock, valued at approximately $861,463.68. The trade was a 6.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 31,325 shares of company stock worth $1,556,972 in the last ninety days. 1.90% of the stock is owned by corporate insiders.

Institutional Trading of Terex

A number of hedge funds have recently added to or reduced their stakes in TEX. FMR LLC raised its stake in shares of Terex by 17.0% during the fourth quarter. FMR LLC now owns 8,782,287 shares of the industrial products company's stock worth $405,917,000 after purchasing an additional 1,272,920 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Terex by 94.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,150,673 shares of the industrial products company's stock worth $99,404,000 after buying an additional 1,046,600 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Terex by 43.2% in the 4th quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company's stock worth $89,247,000 after acquiring an additional 582,819 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Terex by 2.3% in the fourth quarter. Fisher Asset Management LLC now owns 1,890,625 shares of the industrial products company's stock valued at $87,385,000 after acquiring an additional 41,685 shares in the last quarter. Finally, American Century Companies Inc. increased 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 acquiring an additional 135,286 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.