Terex (NYSE:TEX) Reaches New 1-Year Low – What’s Next?

Terex Co. (NYSE:TEX)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $43.19 and last traded at $43.26, with a volume of 291848 shares changing hands. The stock had previously closed at $45.57.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TEX shares. Evercore ISI cut their price target on shares of Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a report on Wednesday. StockNews.com cut shares of Terex from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Citigroup dropped their target price on shares of Terex from $57.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Robert W. Baird dropped their target price on shares of Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $56.11.

Terex Stock Down 5.2 %

The company’s 50 day moving average price is $46.39 and its two-hundred day moving average price is $51.02. The firm has a market cap of $2.87 billion, a PE ratio of 8.70, a PEG ratio of 4.70 and a beta of 1.54. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41.

Terex (NYSE:TEX) 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 net margin of 6.54% and a return on equity of 21.99%. During the same quarter in the previous year, the firm posted $1.88 EPS. On average, equities research analysts expect that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.57%. Terex’s payout ratio is 13.71%.

Insider Activity

In other Terex news, Director David A. Sachs bought 10,000 shares of Terex stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average cost of $51.30 per share, for a total transaction of $513,000.00. Following the acquisition, the director now directly owns 107,500 shares in the company, valued at approximately $5,514,750. This represents a 10.26 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Simon Meester sold 9,877 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was 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 owns 127,858 shares in the company, valued at approximately $6,538,658.12. This trade represents 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 Trading of Terex

A number of large investors have recently made changes to their positions in the business. FMR LLC boosted its stake in shares of Terex by 17.0% during the 4th quarter. FMR LLC now owns 8,782,287 shares of the industrial products company’s stock worth $405,917,000 after purchasing an additional 1,272,920 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Terex by 94.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,150,673 shares of the industrial products company’s stock worth $99,404,000 after purchasing an additional 1,046,600 shares during the period. Norges Bank purchased a new position in shares of Terex during the 4th quarter worth about $35,001,000. First Trust Advisors LP boosted its stake in shares of Terex by 43.2% during the 4th quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company’s stock worth $89,247,000 after purchasing an additional 582,819 shares during the period. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Terex by 66.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 352,780 shares of the industrial products company’s stock worth $16,305,000 after purchasing an additional 141,352 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.