Terex (NYSE:TEX) Sets New 52-Week Low - Should You Sell?

Terex Co. (NYSE:TEX - Get Free Report) shares hit a new 52-week low on Thursday . The company traded as low as $35.66 and last traded at $35.84, with a volume of 859271 shares trading hands. The stock had previously closed at $40.01.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Evercore ISI lowered their price target on Terex from $63.00 to $59.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. StockNews.com downgraded Terex from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Citigroup cut their price target on Terex from $45.00 to $36.00 and set a "neutral" rating for the company in a research note on Tuesday. Barclays lowered their price objective on shares of Terex from $60.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. Finally, UBS Group downgraded shares of Terex from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $49.00 to $32.00 in a report on Monday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $48.44.

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Terex Trading Down 1.5 %

The stock's 50-day simple moving average is $41.40 and its two-hundred day simple moving average is $47.55. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. The firm has a market capitalization of $2.14 billion, a P/E ratio of 6.48, a price-to-earnings-growth ratio of 4.53 and a beta of 1.40.

Terex (NYSE:TEX - Get Free Report) last issued its 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 period in the prior year, the company posted $1.88 earnings per share. Equities research analysts expect that Terex Co. will post 4.83 EPS for the current year.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Friday, March 7th. Terex's payout ratio is currently 13.71%.

Insider Transactions at Terex

In other Terex news, Director Andra Rush purchased 1,325 shares of Terex stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the transaction, the director now owns 23,308 shares of the company's stock, valued at approximately $861,463.68. This trade represents a 6.03 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On Terex

Large investors have recently modified their holdings of the stock. Neo Ivy Capital Management purchased a new position in shares of Terex during the fourth quarter valued at approximately $29,000. Jones Financial Companies Lllp purchased a new position in Terex during the 4th quarter valued at $31,000. Smartleaf Asset Management LLC boosted its holdings in Terex by 46.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 222 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Terex in the 3rd quarter valued at $40,000. Finally, VisionPoint Advisory Group LLC purchased a new stake in Terex in the fourth quarter worth $51,000. Institutional investors 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.