Terex (NYSE:TEX) Sets New 1-Year Low - Time to Sell?

Terex Co. (NYSE:TEX - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $34.25 and last traded at $35.18, with a volume of 968713 shares trading hands. The stock had previously closed at $35.61.

Wall Street Analyst Weigh In

TEX has been the subject of several recent analyst reports. Barclays lowered their price target on Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. 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 research note on Wednesday, February 19th. Truist Financial raised their price target on shares of Terex from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Monday. The Goldman Sachs Group dropped their price objective on shares of Terex from $60.00 to $52.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Finally, Citigroup reduced their target price on Terex from $45.00 to $36.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $46.40.

Terex Price Performance

The firm has a 50-day simple moving average of $37.44 and a two-hundred day simple moving average of $45.07. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 8.08, a P/E/G ratio of 4.53 and a beta of 1.52. 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 - Get Free Report) last posted its earnings results on Friday, May 2nd. The industrial products company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.57 by $0.26. Terex had a return on equity of 21.99% and a net margin of 6.54%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company earned $1.60 earnings per share. Terex's revenue for the quarter was down 4.9% compared to the same quarter last year. As a group, analysts predict that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Friday, March 7th. Terex's dividend payout ratio (DPR) is presently 18.53%.

Insider Activity at Terex

In other Terex news, Director Andra Rush acquired 1,325 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $36.96 per share, with a total value of $48,972.00. Following the completion of the acquisition, the director now owns 23,308 shares in the company, valued at approximately $861,463.68. This trade represents a 6.03 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TEX. UMB Bank n.a. lifted its holdings in Terex by 83.0% during the first quarter. UMB Bank n.a. now owns 732 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 332 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Terex during the 4th quarter worth about $29,000. Private Trust Co. NA lifted its stake in Terex by 128.0% in the 1st quarter. Private Trust Co. NA now owns 773 shares of the industrial products company's stock valued at $29,000 after buying an additional 434 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in Terex in the 4th quarter worth about $31,000. Finally, Smartleaf Asset Management LLC increased its stake in Terex by 46.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock worth $32,000 after buying an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company's stock.

Terex Company Profile

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.