New Big Money Means Terex Corp. (TEX) Investors Could Reap Benefit

Terex Corp. (NYSE: TEX) is 11.99% higher on its value in year-to-date trading and has touched a low of $41.89 and a high of $65.64 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TEX stock was last observed hovering at around $64.03 in the last trading session, with the day’s gains setting it 0.32%.

Currently trading at $64.35, the stock is 7.54% and 13.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing 0.50% at the moment leaves the stock 17.00% off its SMA200. TEX registered 23.09% gain for a year compared to 6-month loss of 5.08%. The firm has a 50-day simple moving average (SMA 50) of $0.93 and a 200-day simple moving average (SMA200) of $6.93.

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The stock witnessed a 13.25% gain in the last 1 month and extending the period to 3 months gives it a 33.34%, and is 2.70% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.51% over the week and 2.83% over the month.

Terex Corp. (TEX) has around 9300 employees, a market worth around $4.33B and $5.15B in sales. Current P/E ratio is 9.15 and Fwd P/E is 9.30. Profit margin for the company is 9.34%. Distance from 52-week low is 53.62% and -1.97% from its 52-week high. The company has generated returns on investments over the last 12 months (20.96%).

Terex Corp. quarterly earnings per share for the current quarter are estimated at $1.39 with sales reaching $1.23B over the same period.The EPS is expected to grow by 1.76% this year, but quarterly earnings will post 16.60% year-over-year. Quarterly sales are estimated to grow 0.80% in year-over-year returns.

515 institutions hold shares in Terex Corp. (TEX), with institutional investors hold 99.29% of the company’s shares. The shares outstanding are 66.80M, and float is at 65.61M with Short Float at 3.02%. Institutions hold 96.56% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 9.05 million shares valued at $541.6 million. The investor’s holdings represent 13.43% of the TEX Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 7.76 million shares valued at $464.32 million to account for 11.51% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 2.93 million shares representing 4.35% and valued at over $175.32 million, while FMR, LLC holds 3.84% of the shares totaling 2.59 million with a market value of $154.93 million.

Terex Corp. (TEX) Insider Activity

A total of 8 insider transactions have happened at Terex Corp. (TEX) in the last six months, with sales accounting for 2 and purchases happening 6 times. The most recent transaction is an insider sale by GARRISON JOHN L JR, the company’s CHAIRMAN AND CEO. SEC filings show that GARRISON JOHN L JR sold 45,000 shares of the company’s common stock on Dec 19 at a price of $59.00 per share for a total of $2.65 million. Following the sale, the insider now owns 0.49 million shares.

Terex Corp. disclosed in a document filed with the SEC on Dec 14 that GEORGE AMY (Senior V.P. Human Resources) sold a total of 7,000 shares of the company’s common stock. The trade occurred on Dec 14 and was made at $57.27 per share for $0.4 million. Following the transaction, the insider now directly holds 94168.0 shares of the TEX stock.

Still, SEC filings show that on Dec 14, JOHNSTON STEPHEN (VP CAO and Controller) disposed off 2,661 shares at an average price of $57.33 for $0.15 million. The insider now directly holds 13,961 shares of Terex Corp. (TEX).

Terex Corp. (TEX): Who are the competitors?

One of the company’s main competitors (and peers) include Oshkosh Corp. (OSK) that is trading 25.27% up over the past 12 months.Astec Industries Inc. (ASTE) lies in the list of competitors of the Terex Corp. and is -18.78% lower over the same period from TEXManitex International Inc. (MNTX) is 43.37% up on the 1-year trading charts.