Terex (NYSE:TEX) Cut to Sell at StockNews.com

StockNews.com lowered shares of Terex (NYSE:TEX) from a hold rating to a sell rating in a report released on Friday.

Several other research firms also recently commented on TEX. Truist Financial cut their price objective on shares of Terex from $65.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Robert W. Baird reduced their price target on Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Citigroup decreased their price objective on Terex from $57.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. cut their target price on Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. One 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. According to data from MarketBeat, Terex presently has a consensus rating of “Hold” and a consensus target price of $56.63.

Terex Stock Performance

Shares of TEX opened at $44.66 on Friday. Terex has a 1 year low of $43.50 and a 1 year high of $68.08. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.16. The stock’s fifty day moving average price is $47.69 and its two-hundred day moving average price is $51.95. The firm has a market cap of $2.98 billion, a PE ratio of 9.00, a PEG ratio of 4.53 and a beta of 1.54.

Terex (NYSE:TEX) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 previous year, the company posted $1.88 EPS. On average, equities research analysts forecast that Terex will post 5.03 EPS for the current year.

Terex Announces Dividend

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 issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Friday, March 7th. Terex’s payout ratio is 13.71%.

Insider Activity at Terex

In other Terex news, 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 transaction of $505,109.78. Following the sale, the chief executive officer now owns 127,858 shares in the company, valued at $6,538,658.12. This trade represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David A. Sachs acquired 20,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was purchased at an average price of $49.75 per share, with a total value of $995,000.00. Following the completion of the acquisition, the director now directly owns 137,500 shares in the company, valued at approximately $6,840,625. This represents a 17.02 % increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Cascade Investment Advisors Inc. bought a new position in shares of Terex during the 4th quarter valued at $1,070,000. Chartwell Investment Partners LLC bought a new position in shares of Terex during the third quarter valued at about $559,000. GSA Capital Partners LLP bought a new position in shares of Terex during the third quarter valued at about $615,000. Barclays PLC increased its holdings in shares of Terex by 40.2% in the third quarter. Barclays PLC now owns 129,250 shares of the industrial products company’s stock worth $6,838,000 after buying an additional 37,072 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in shares of Terex in the 3rd quarter valued at about $4,283,000. 92.88% of the stock is owned by hedge funds and other 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.