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

Terex Co. (NYSE:TEX - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $44.04 and last traded at $44.07, with a volume of 74944 shares changing hands. The stock had previously closed at $44.93.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TEX. Robert W. Baird dropped their target price on shares of Terex from $65.00 to $55.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. cut their price objective on Terex from $65.00 to $62.00 and set a "neutral" rating on the stock in a research report on Monday, October 14th. Citigroup decreased their target price on Terex from $60.00 to $57.00 and set a "neutral" rating for the company in a research report on Monday, September 23rd. The Goldman Sachs Group dropped their price target on Terex from $72.00 to $62.00 and set a "neutral" rating on the stock in a research report on Friday, September 20th. Finally, Truist Financial decreased their price objective on Terex from $65.00 to $58.00 and set a "buy" rating for the company in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $58.78.

Terex Trading Down 1.9 %

The company has a market cap of $2.94 billion, a P/E ratio of 6.43, a PEG ratio of 4.00 and a beta of 1.55. 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 stock's 50 day moving average is $50.40 and its 200-day moving average is $53.26.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly 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 company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the firm earned $1.75 earnings per share. The firm's quarterly revenue was down 6.0% compared to the same quarter last year. Research analysts anticipate that Terex Co. will post 6.07 earnings per share for the current fiscal year.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 8th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Friday, November 8th. Terex's dividend payout ratio (DPR) is 9.93%.

Insider Activity

In other news, Director David A. Sachs acquired 10,000 shares of Terex stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average price of $51.30 per share, for a total transaction of $513,000.00. Following the completion of the transaction, the director now owns 107,500 shares in the company, valued at $5,514,750. The trade was a 10.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Simon Meester sold 9,877 shares of the firm's 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 transaction, the chief executive officer now directly owns 127,858 shares in the company, valued at $6,538,658.12. The trade was a 7.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised 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 valued at $39,000 after purchasing an additional 335 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Terex in the 3rd quarter valued at $40,000. Truvestments Capital LLC purchased a new stake in Terex in the third quarter worth $41,000. Blue Trust Inc. lifted its holdings in Terex by 89.3% during the 3rd quarter. Blue Trust Inc. now owns 969 shares of the industrial products company's stock valued at $53,000 after buying an additional 457 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Terex by 74.6% during the third quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company's stock worth $62,000 after acquiring an additional 504 shares during the period. 92.88% of the stock is currently owned by institutional investors.

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.