Terex (NYSE:TEX) Sets New 12-Month Low at $25.45

Shares of Terex Co. (NYSE:TEX) hit a new 52-week low on Friday . The stock traded as low as $25.45 and last traded at $25.54, with a volume of 29503 shares traded. The stock had previously closed at $26.78.

Several analysts recently weighed in on the company. TheStreet upgraded Terex from a “c” rating to a “b-” rating in a research report on Thursday, May 2nd. Evercore ISI restated an “in-line” rating and set a $31.00 price objective (down from $40.00) on shares of Terex in a research report on Friday, May 31st. BMO Capital Markets dropped their price objective on Terex to $30.00 and set a “market perform” rating for the company in a research report on Wednesday, July 31st. Zacks Investment Research downgraded Terex from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 29th. Finally, Barclays restated a “hold” rating and set a $33.00 price objective on shares of Terex in a research report on Monday, July 15th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $33.92.

The stock has a fifty day moving average price of $30.12. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.43 and a current ratio of 2.21. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 9.45, a price-to-earnings-growth ratio of 0.88 and a beta of 1.73.

Terex (NYSE:TEX) last issued its earnings results on Monday, July 29th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.13). Terex had a return on equity of 27.40% and a net margin of 0.29%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company earned $0.98 EPS. Terex’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, analysts predict that Terex Co. will post 3.58 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Monday, August 12th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.44 dividend on an annualized basis and a yield of 1.72%. Terex’s payout ratio is presently 16.24%.

In other Terex news, Director International Master F. Marcato sold 1,600,000 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $27.31, for a total value of $43,696,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders acquired 1,066 shares of company stock valued at $30,734. Insiders own 4.00% of the company’s stock.

Several hedge funds have recently modified their holdings of TEX. Prudential Financial Inc. increased its stake in shares of Terex by 311.5% in the second quarter. Prudential Financial Inc. now owns 1,180,690 shares of the industrial products company’s stock valued at $37,074,000 after buying an additional 893,799 shares during the period. Norges Bank acquired a new stake in shares of Terex in the fourth quarter valued at about $20,984,000. Marshall Wace LLP acquired a new stake in shares of Terex in the first quarter valued at about $8,698,000. Pzena Investment Management LLC increased its stake in shares of Terex by 7.7% in the second quarter. Pzena Investment Management LLC now owns 3,471,316 shares of the industrial products company’s stock valued at $108,999,000 after buying an additional 248,600 shares during the period. Finally, Marshall Wace North America L.P. increased its stake in shares of Terex by 8,450.0% in the first quarter. Marshall Wace North America L.P. now owns 178,781 shares of the industrial products company’s stock valued at $5,744,000 after buying an additional 176,690 shares during the period. 90.79% of the stock is owned by institutional investors.

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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