Terex (NYSE:TEX) Stock Price Down 3.1% Following Analyst Downgrade

Terex Co. (NYSE:TEX)’s share price was down 3.1% on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $51.00 to $48.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Terex traded as low as $39.65 and last traded at $39.05. Approximately 53,976 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 822,304 shares. The stock had previously closed at $40.31.

Several other equities analysts have also commented on the company. Truist Financial lowered their target price on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Citigroup lowered their target price on Terex from $48.00 to $45.00 and set a “neutral” rating for the company in a report on Monday. Evercore ISI lowered their target price on Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. StockNews.com lowered Terex from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Finally, Barclays lowered their target price on Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $55.33.

Insider Buying and Selling

In other news, Director Andra Rush bought 1,325 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the transaction, the director now directly owns 23,308 shares of the company’s stock, valued at approximately $861,463.68. This trade represents a 6.03 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Terex

Institutional investors have recently added to or reduced their stakes in the company. Cascade Investment Advisors Inc. acquired a new stake in Terex in the fourth quarter worth approximately $1,070,000. GSA Capital Partners LLP acquired a new stake in Terex in the third quarter worth approximately $615,000. Barclays PLC lifted its position in 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 purchasing an additional 37,072 shares during the period. Point72 Asset Management L.P. acquired a new stake in Terex in the third quarter worth approximately $4,283,000. Finally, Citigroup Inc. lifted its position in shares of Terex by 65.6% during the 3rd quarter. Citigroup Inc. now owns 70,443 shares of the industrial products company’s stock valued at $3,727,000 after acquiring an additional 27,896 shares during the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Terex Price Performance

The business has a 50-day moving average price of $44.41 and a 200 day moving average price of $49.18. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 8.00, a P/E/G ratio of 4.53 and a beta of 1.56. 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) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 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 quarter in the prior year, the firm posted $1.88 earnings per share. As a group, research analysts expect that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.71%. Terex’s dividend payout ratio (DPR) is presently 13.71%.

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.