Terex (NYSE:TEX) Stock Rating Lowered by StockNews.com

Terex (NYSE:TEX) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Tuesday.

Several other analysts also recently commented on TEX. Barclays lowered their price objective on Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. JPMorgan Chase & Co. increased their price objective on Terex from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th. UBS Group downgraded Terex from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $49.00 to $32.00 in a research note on Monday, April 7th. Truist Financial increased their price objective on Terex from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Finally, Citigroup decreased their price target on Terex from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $47.50.

Terex Stock Down 0.0%

TEX stock opened at $46.83 on Tuesday. The stock’s 50 day simple moving average is $37.85 and its 200 day simple moving average is $44.67. Terex has a fifty-two week low of $31.53 and a fifty-two week high of $68.08. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. The company has a market cap of $3.10 billion, a P/E ratio of 9.44, a price-to-earnings-growth ratio of 4.53 and a beta of 1.52.

Terex (NYSE:TEX) last posted its quarterly earnings results on Friday, May 2nd. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.26. Terex had a return on equity of 21.99% and a net margin of 6.54%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the business earned $1.60 EPS. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. On average, research analysts expect that Terex will post 4.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Terex

In other Terex news, Director Andra Rush purchased 1,325 shares of the stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $36.96 per share, with a total value of $48,972.00. Following the completion of the transaction, the director now directly owns 23,308 shares in the company, valued at approximately $861,463.68. This trade represents a 6.03% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joshua Gross sold 5,389 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $40.75, for a total value of $219,601.75. Following the completion of the transaction, the insider now directly owns 38,755 shares of the company’s stock, valued at $1,579,266.25. The trade was a 12.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Terex

A number of large investors have recently made changes to their positions in TEX. UMB Bank n.a. boosted its holdings in shares of Terex by 83.0% in the first quarter. UMB Bank n.a. now owns 732 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 332 shares during the period. Neo Ivy Capital Management bought a new stake in Terex during the fourth quarter valued at $29,000. Private Trust Co. NA boosted its stake in Terex by 128.0% during the first quarter. Private Trust Co. NA now owns 773 shares of the industrial products company’s stock valued at $29,000 after buying an additional 434 shares during the period. Jones Financial Companies Lllp bought a new stake in Terex during the fourth quarter valued at $31,000. Finally, Smartleaf Asset Management LLC boosted its stake in Terex by 46.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock valued at $32,000 after buying an additional 222 shares during the period. 92.88% of the stock is owned by institutional investors.

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.