Terex (NYSE:TEX) Sets New 12-Month Low - Should You Sell?

Terex Co. (NYSE:TEX - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $41.53 and last traded at $41.78, with a volume of 262699 shares trading hands. The stock had previously closed at $42.42.

Analyst Upgrades and Downgrades

TEX has been the subject of several recent analyst reports. Citigroup lowered their price objective on shares of Terex from $57.00 to $48.00 and set a "neutral" rating for the company in a research note 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. Barclays lowered their price objective on shares of Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. JPMorgan Chase & Co. lowered their price objective on shares of Terex from $59.00 to $52.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. 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 given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $56.11.

Remove Ads

Terex Price Performance

The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. The firm's 50-day moving average is $45.66 and its 200-day moving average is $50.37. The company has a market cap of $2.54 billion, a PE ratio of 7.72, a PEG ratio of 4.53 and a beta of 1.54.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (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 quarter in the previous year, the company earned $1.88 EPS. On average, equities analysts anticipate that Terex Co. will post 4.83 EPS for the current year.

Terex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Friday, March 7th. Terex's dividend payout ratio (DPR) is presently 13.71%.

Insiders Place Their Bets

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 value of $505,109.78. Following the sale, the chief executive officer now 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Sachs acquired 20,000 shares of the business's stock in a transaction on Friday, December 13th. The stock was acquired at an average price of $49.75 per share, for a total transaction of $995,000.00. Following the acquisition, the director now owns 137,500 shares of the company's stock, valued at approximately $6,840,625. This trade represents a 17.02 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Terex

A number of institutional investors have recently made changes to their positions in TEX. Neo Ivy Capital Management purchased a new stake in shares of Terex during the fourth quarter valued at approximately $29,000. Jones Financial Companies Lllp purchased a new stake in shares of Terex during the fourth quarter valued at approximately $31,000. Smartleaf Asset Management LLC grew its holdings in shares of Terex by 46.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock valued at $32,000 after buying an additional 222 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Terex during the third quarter valued at approximately $40,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Terex during the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 92.88% of the company's stock.

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.