Terex (NYSE:TEX) Hits New 1-Year Low on Insider Selling

Terex Co. (NYSE:TEX - Get Free Report) shares hit a new 52-week low on Monday after an insider sold shares in the company. The company traded as low as $47.92 and last traded at $48.00, with a volume of 624118 shares traded. The stock had previously closed at $49.55.

Specifically, CEO Simon Meester sold 9,877 shares of Terex stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total value of $505,109.78. Following the completion of the sale, the chief executive officer now directly owns 127,858 shares in the company, valued at approximately $6,538,658.12. This trade represents a 7.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Ratings Changes

A number of research firms recently commented on TEX. Evercore ISI reduced their price objective on Terex from $67.00 to $59.00 and set an "outperform" rating for the company in a research report on Monday, August 19th. The Goldman Sachs Group reduced their price target on shares of Terex from $72.00 to $62.00 and set a "neutral" rating for the company in a research report on Friday, September 20th. Robert W. Baird lowered 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. JPMorgan Chase & Co. cut their target price on shares of Terex from $65.00 to $62.00 and set a "neutral" rating for the company in a research report on Monday, October 14th. Finally, Citigroup decreased their price target on shares of Terex from $60.00 to $57.00 and set a "neutral" rating on the stock in a research report on Monday, September 23rd. 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 stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $59.56.

Terex Price Performance

The firm has a market capitalization of $3.22 billion, a P/E ratio of 7.03, a price-to-earnings-growth ratio of 4.00 and a beta of 1.53. The company has a current ratio of 2.39, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average price of $53.53 and a 200-day moving average price of $54.49.

Terex (NYSE:TEX - Get Free Report) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.15. Terex had a net margin of 9.08% and a return on equity of 24.92%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm posted $1.75 earnings per share. The business's revenue for the quarter was down 6.0% on a year-over-year basis. On average, analysts expect that Terex Co. will post 6.07 earnings per share for the current year.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.68 annualized dividend and a dividend yield of 1.41%. Terex's dividend payout ratio (DPR) is 9.93%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. increased its holdings in Terex by 57.5% during the 2nd quarter. Blue Trust Inc. now owns 512 shares of the industrial products company's stock worth $28,000 after purchasing an additional 187 shares during the period. GAMMA Investing LLC grew its position in shares of Terex by 83.3% during the 3rd quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company's stock worth $39,000 after buying an additional 335 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Terex during the 3rd quarter worth $40,000. Truvestments Capital LLC purchased a new position in shares of Terex during the third quarter valued at $41,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Terex by 74.6% in the third quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 504 shares in the last quarter. 92.88% of the stock is currently owned by institutional investors.

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.