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

Terex (NYSE:TEX) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Other analysts have also issued reports about the stock. Citigroup lowered their target price on shares of Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. 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 research note on Tuesday, January 14th. Robert W. Baird reduced their target price on shares of Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Finally, Truist Financial dropped their price objective 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 research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Terex currently has a consensus rating of “Hold” and a consensus target price of $56.63.

Terex Trading Down 4.0 %

Shares of TEX traded down $1.87 during midday trading on Friday, hitting $44.66. The stock had a trading volume of 1,885,367 shares, compared to its average volume of 785,999. The stock’s 50 day moving average is $47.69 and its 200 day moving average is $52.12. The firm has a market cap of $2.98 billion, a PE ratio of 6.52, a price-to-earnings-growth ratio of 4.51 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.16. Terex has a 1 year low of $43.50 and a 1 year high of $68.08.

Terex (NYSE:TEX) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. Terex had a net margin of 9.08% and a return on equity of 24.92%. During the same period last year, the company posted $1.88 EPS. As a group, analysts forecast that Terex will post 6.09 EPS for the current fiscal year.

Insider Transactions at Terex

In other Terex news, Director David A. Sachs purchased 20,000 shares of Terex stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of $49.75 per share, with a total value of $995,000.00. Following the completion of the transaction, the director now owns 137,500 shares in the company, valued at approximately $6,840,625. This trade represents a 17.02 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Simon Meester sold 9,877 shares of the firm’s 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 directly owns 127,858 shares of the company’s stock, valued at $6,538,658.12. The trade was a 7.17 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Terex

Hedge funds have recently modified their holdings of the stock. Creative Planning lifted its position in Terex by 18.5% during the 2nd quarter. Creative Planning now owns 17,334 shares of the industrial products company’s stock worth $951,000 after acquiring an additional 2,708 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Terex by 15.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,928 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 397 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Terex during the second quarter worth about $590,000. GAMMA Investing LLC boosted its position in Terex by 83.3% in the third quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock valued at $39,000 after buying an additional 335 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Terex by 24.7% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 33,300 shares of the industrial products company’s stock worth $1,762,000 after buying an additional 6,600 shares during the period. Institutional investors and hedge funds 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.