Terex (TEX) Hits New 52-Week Low at $27.88

Terex Co. (NYSE:TEX) shares reached a new 52-week low on Friday . The company traded as low as $27.88 and last traded at $28.19, with a volume of 38838 shares trading hands. The stock had previously closed at $28.38.

A number of research firms have weighed in on TEX. ValuEngine cut shares of Terex from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Zacks Investment Research upgraded shares of Terex from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th. UBS Group set a $52.00 price target on shares of Terex and gave the company a “buy” rating in a research note on Wednesday, August 22nd. Robert W. Baird upgraded shares of Terex from an “underperform” rating to a “neutral” rating and set a $38.00 price target on the stock in a research note on Monday, August 20th. Finally, Deutsche Bank restated a “sell” rating and set a $34.00 price target on shares of Terex in a research note on Wednesday, September 5th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $40.83.

The company has a market cap of $2.08 billion, a P/E ratio of 11.11, a P/E/G ratio of 0.29 and a beta of 1.61. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 2.22.

Terex (NYSE:TEX) last announced its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.07). The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Terex had a net margin of 2.42% and a return on equity of 18.86%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 earnings per share. On average, analysts forecast that Terex Co. will post 2.65 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Friday, November 9th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, November 8th. Terex’s dividend payout ratio (DPR) is presently 29.63%.

Institutional investors have recently bought and sold shares of the stock. Stratos Wealth Partners LTD. bought a new stake in Terex during the 3rd quarter worth approximately $109,000. Point72 Hong Kong Ltd bought a new stake in Terex during the 3rd quarter worth approximately $140,000. Belpointe Asset Management LLC bought a new stake in Terex during the 3rd quarter worth approximately $144,000. Neuberger Berman Group LLC bought a new stake in Terex during the 3rd quarter worth approximately $212,000. Finally, Wakefield Asset Management LLLP bought a new stake in Terex during the 3rd quarter worth approximately $223,000. 98.74% of the stock is currently owned by institutional investors and hedge funds.

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Terex Company Profile (NYSE:TEX)

Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide. The company operates through three segments: Aerial Work Platforms (AWP), Cranes, and Material Processing (MP). The AWP segment engages in the design, manufacture, service, and market of AWP equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brands to construct and maintain industrial, commercial, and residential buildings and facilities, and for other commercial operations, as well as used in infrastructure projects.

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