Terex Corp. (NYSE: TEX) is 11.92% higher on its value in year-to-date trading and has touched a low of $42.50 and a high of $65.89 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 $64.49 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $64.31, the stock is 3.20% and 7.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.8 million and changing -0.28% at the moment leaves the stock 12.84% off its SMA200. TEX registered 48.42% gain for a year compared to 6-month gain of 17.12%. The firm has a 50-day simple moving average (SMA 50) of $0.89 and a 200-day simple moving average (SMA200) of $6.55.
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The stock witnessed a 10.84% loss in the last 1 month and extending the period to 3 months gives it a 14.78%, and is -0.23% down 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 2.18% over the week and 2.29% over the month.
Terex Corp. (TEX) has around 10200 employees, a market worth around $4.31B and $5.15B in sales. Current P/E ratio is 8.50 and Fwd P/E is 9.05. Profit margin for the company is 10.03%. Distance from 52-week low is 51.32% and -2.40% from its 52-week high. The company has generated returns on investments over the last 12 months (21.67%).
Terex Corp. quarterly earnings per share for the current quarter are estimated at $1.36 with sales reaching $1.23B over the same period.The EPS is expected to shrink by -1.35% this year, but quarterly earnings will post 0.20% year-over-year. Quarterly sales are estimated to grow 8.50% in year-over-year returns.
525 institutions hold shares in Terex Corp. (TEX), with institutional investors hold 97.62% of the company’s shares. The shares outstanding are 66.10M, and float is at 65.26M with Short Float at 2.88%. Institutions hold 95.13% 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
The most recent transaction is an insider sale by GARRISON JOHN L JR, the company’s Former DIR, Chairman and CEO. SEC filings show that GARRISON JOHN L JR sold 50,000 shares of the company’s common stock on Mar 27 ’24 at a price of $64.28 per share for a total of $3.21 million. Following the sale, the insider now owns 0.32 million shares.
Terex Corp. disclosed in a document filed with the SEC on Mar 21 ’24 that GARRISON JOHN L JR (Former DIR, Chairman and CEO) sold a total of 15,906 shares of the company’s common stock. The trade occurred on Mar 21 ’24 and was made at $61.74 per share for $0.98 million. Following the transaction, the insider now directly holds 0.36 million shares of the TEX stock.
Still, SEC filings show that on Mar 20 ’24, GARRISON JOHN L JR (Former DIR, Chairman and CEO) disposed off 59,094 shares at an average price of $60.07 for $3.55 million. The insider now directly holds 380,834 shares of Terex Corp. (TEX).
