Terex (NYSE:TEX) Stock Price Down 2.5%

Terex Co. (NYSE:TEX - Get Free Report) traded down 2.5% during mid-day trading on Monday . The stock traded as low as $57.93 and last traded at $58.08. 272,894 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 739,789 shares. The stock had previously closed at $59.59.

Analyst Ratings Changes

Several research firms recently commented on TEX. JPMorgan Chase & Co. cut Terex from an "overweight" rating to a "neutral" rating and set a $63.00 target price for the company. in a research note on Monday, March 18th. UBS Group lowered shares of Terex from a "buy" rating to a "neutral" rating and upped their target price for the stock from $61.00 to $62.00 in a research note on Tuesday, February 13th. The Goldman Sachs Group lifted their price target on shares of Terex from $52.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 13th. Bank of America reissued an "underperform" rating and issued a $57.00 price objective on shares of Terex in a research report on Friday, January 19th. Finally, Evercore ISI decreased their price objective on shares of Terex from $65.00 to $63.00 and set an "outperform" rating for the company in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Terex has an average rating of "Hold" and an average price target of $65.08.

Terex Stock Performance

The company has a market cap of $3.97 billion, a PE ratio of 7.80, a PEG ratio of 0.58 and a beta of 1.64. The stock has a 50 day simple moving average of $60.13 and a two-hundred day simple moving average of $56.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.16 and a quick ratio of 0.95.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings results on Friday, February 9th. The industrial products company reported $1.41 EPS for the quarter, meeting the consensus estimate of $1.41. Terex had a net margin of 9.87% and a return on equity of 30.53%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the firm earned $1.34 EPS. Terex's revenue for the quarter was up .4% on a year-over-year basis. Equities analysts predict that Terex Co. will post 7.05 EPS for the current year.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, March 7th. Terex's dividend payout ratio is currently 9.01%.

Insider Activity at Terex

In other news, insider Kieran Hegarty sold 18,000 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $56.80, for a total transaction of $1,022,400.00. Following the completion of the sale, the insider now owns 198,619 shares in the company, valued at $11,281,559.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Kieran Hegarty sold 18,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $56.80, for a total transaction of $1,022,400.00. Following the completion of the transaction, the insider now directly owns 198,619 shares of the company's stock, valued at $11,281,559.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joshua Gross sold 4,945 shares of Terex stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $59.13, for a total value of $292,397.85. Following the completion of the sale, the insider now directly owns 21,457 shares in the company, valued at approximately $1,268,752.41. The disclosure for this sale can be found here. Insiders have sold 132,039 shares of company stock worth $8,078,574 in the last quarter. Company insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC lifted its holdings in Terex by 3.9% in the 3rd quarter. FMR LLC now owns 2,691,767 shares of the industrial products company's stock valued at $155,100,000 after purchasing an additional 102,193 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Terex by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,675,548 shares of the industrial products company's stock valued at $153,742,000 after acquiring an additional 78,362 shares during the last quarter. Greenhaven Associates Inc. boosted its holdings in shares of Terex by 101.5% during the fourth quarter. Greenhaven Associates Inc. now owns 1,456,700 shares of the industrial products company's stock worth $83,702,000 after purchasing an additional 733,690 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Terex by 9.3% during the third quarter. AQR Capital Management LLC now owns 1,137,753 shares of the industrial products company's stock worth $65,557,000 after purchasing an additional 96,834 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Terex by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 921,985 shares of the industrial products company's stock valued at $52,977,000 after purchasing an additional 42,364 shares during the last quarter. 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.