Terex (NYSE:TEX) Hits New 12-Month Low - Time to Sell?

Terex Co. (NYSE:TEX - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $44.55 and last traded at $44.61, with a volume of 59877 shares. The stock had previously closed at $45.07.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TEX. Truist Financial decreased their target price on shares of Terex from $65.00 to $58.00 and set a "buy" rating for the company in a report on Thursday. The Goldman Sachs Group decreased their price objective on shares of Terex from $72.00 to $62.00 and set a "neutral" rating for the company in a research note on Friday, September 20th. Robert W. Baird cut 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. JPMorgan Chase & Co. decreased their target price on 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 dropped their price target on Terex from $60.00 to $57.00 and set a "neutral" rating on the stock in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $58.78.

Terex Stock Up 0.5 %

The business has a 50 day simple moving average of $52.89 and a 200 day simple moving average of $54.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.16. The stock has a market cap of $3.03 billion, a PE ratio of 6.61, a P/E/G ratio of 4.00 and a beta of 1.53.

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

Terex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 8th were given a $0.17 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.50%. Terex's dividend payout ratio is currently 9.93%.

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 transaction 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 $6,538,658.12. This represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Sachs acquired 20,000 shares of the company's stock in a transaction dated 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 completion of the purchase, the director now directly owns 137,500 shares of the company's stock, valued at $6,840,625. This trade represents a 17.02 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company's stock.

Institutional Trading of Terex

Several institutional investors have recently modified their holdings of TEX. AQR Capital Management LLC boosted its holdings in Terex by 18.4% during the second quarter. AQR Capital Management LLC now owns 1,837,563 shares of the industrial products company's stock valued at $99,045,000 after purchasing an additional 285,750 shares in the last quarter. American Century Companies Inc. grew its position in Terex by 25.6% in the second quarter. American Century Companies Inc. now owns 1,322,729 shares of the industrial products company's stock valued at $72,538,000 after acquiring an additional 269,777 shares during the period. Millennium Management LLC grew its holdings in shares of Terex by 169.0% in the 2nd quarter. Millennium Management LLC now owns 264,885 shares of the industrial products company's stock worth $14,526,000 after purchasing an additional 166,429 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Terex by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,812,383 shares of the industrial products company's stock worth $154,224,000 after buying an additional 109,885 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Terex during the 3rd quarter valued at $4,283,000. Institutional investors and hedge funds 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.