Terex (NYSE:TEX) Reaches New 12-Month Low After Analyst Downgrade

Terex Co. (NYSE:TEX - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday after Barclays lowered their price target on the stock from $60.00 to $52.00. Barclays currently has an equal weight rating on the stock. Terex traded as low as $43.23 and last traded at $43.82, with a volume of 325721 shares trading hands. The stock had previously closed at $44.75.

TEX has been the subject of several other reports. JPMorgan Chase & Co. dropped their target price on shares of Terex from $59.00 to $52.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. 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 report on Tuesday, January 14th. StockNews.com downgraded Terex from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Robert W. Baird lowered their target price on Terex from $65.00 to $55.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st. Finally, Truist Financial reduced their price target on Terex from $65.00 to $58.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Terex has an average rating of "Hold" and a consensus target price of $56.11.

Insider Buying and Selling

In other Terex news, CEO Simon Meester sold 9,877 shares of Terex stock in a transaction on 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 owns 127,858 shares of the company's stock, valued at approximately $6,538,658.12. This trade represents a 7.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David A. Sachs purchased 20,000 shares of the firm's stock in a transaction dated Friday, December 13th. The stock was acquired at an average price of $49.75 per share, with a total value of $995,000.00. Following the purchase, the director now directly owns 137,500 shares of the company's stock, valued at approximately $6,840,625. The trade was a 17.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Terex

A number of institutional investors have recently bought and sold shares of TEX. Sterling Capital Management LLC lifted its stake in shares of Terex by 817.0% during the 4th quarter. Sterling Capital Management LLC now owns 2,100 shares of the industrial products company's stock valued at $97,000 after buying an additional 1,871 shares in the last quarter. LSV Asset Management raised its holdings in Terex by 35.4% during the fourth quarter. LSV Asset Management now owns 34,400 shares of the industrial products company's stock valued at $1,590,000 after acquiring an additional 9,000 shares during the period. Capital Fund Management S.A. lifted its position in shares of Terex by 28.7% in the fourth quarter. Capital Fund Management S.A. now owns 63,788 shares of the industrial products company's stock valued at $2,948,000 after acquiring an additional 14,209 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Terex in the fourth quarter worth $2,291,000. Finally, Advisory Services Network LLC bought a new position in Terex during the fourth quarter valued at approximately $527,000. 92.88% of the stock is owned by institutional investors.

Terex Stock Down 0.2 %

The business has a 50-day moving average price of $47.07 and a 200 day moving average price of $51.60. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $2.99 billion, a P/E ratio of 9.05, a P/E/G ratio of 4.53 and a beta of 1.54.

Terex (NYSE:TEX - Get Free Report) last issued its quarterly 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 return on equity of 21.99% and a net margin of 6.54%. During the same period in the prior year, the business earned $1.88 EPS. On average, equities analysts expect that Terex Co. will post 5.03 EPS for the current fiscal year.

Terex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.52%. Terex's dividend payout ratio is presently 13.71%.

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.