Terex Corp (NYSE: TEX) is 3.83% higher on its value in year-to-date trading and has touched a low of $43.50 and a high of $68.08 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 $47.37 in the last trading session, with the day’s gains setting it 0.62%.
Currently trading at $47.99, the stock is 1.70% and -1.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.49 million and changing 1.31% at the moment leaves the stock -11.14% off its SMA200. TEX registered -24.26% loss for a year compared to 6-month loss of -11.24%. The firm has a 50-day simple moving average (SMA 50) of $48.8032 and a 200-day simple moving average (SMA200) of $54.0636.
The stock witnessed a 4.90% gain in the last 1 month and extending the period to 3 months gives it a -6.65%, and is 1.12% 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 3.41% over the week and 2.74% over the month.
Terex Corp (TEX) has around 10200 employees, a market worth around $3.21B and $5.11B in sales. Current P/E ratio is 7.00 and Fwd P/E is 9.30. Profit margin for the company is 9.10%. Distance from 52-week low is 10.32% and -29.51% from its 52-week high. The company has generated returns on investments over the last 12 months (18.02%).
with sales reaching $1.23B over the same period.The EPS is expected to shrink by -14.34% this year, but quarterly earnings will post -0.68% year-over-year. Quarterly sales are estimated to grow 0.60% in year-over-year returns.
499.0 institutions hold shares in Terex Corp (TEX), with institutional investors hold 101.37% of the company’s shares. The shares outstanding are 66.00M, and float is at 65.03M with Short Float at 7.88%. Institutions hold 98.93% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 9.0 million shares valued at $493.34 million. The investor’s holdings represent 13.427 of the TEX Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 8.23 million shares valued at $451.24 million to account for 12.2811 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 7.32 million shares representing 10.9306 and valued at over $401.62 million, while DIMENSIONAL FUND ADVISORS LP holds 4.1976 of the shares totaling 2.81 million with a market value of $154.22 million.
Terex Corp (TEX) Insider Activity
The most recent transaction is an insider purchase by SACHS DAVID A, the company’s Director. SEC filings show that SACHS DAVID A bought 20,000 shares of the company’s common stock on Dec 13 ’24 at a price of $49.75 per share for a total of $0.99 million. Following the purchase, the insider now owns 0.14 million shares.
Terex Corp disclosed in a document filed with the SEC on Dec 11 ’24 that MEESTER SIMON (President and CEO) sold a total of 9,877 shares of the company’s common stock. The trade occurred on Dec 11 ’24 and was made at $51.14 per share for $0.51 million. Following the transaction, the insider now directly holds 0.13 million shares of the TEX stock.
Still, SEC filings show that on Dec 11 ’24, SACHS DAVID A (Director) acquired 10,000 shares at an average price of $51.30 for $0.51 million. The insider now directly holds 107,500 shares of Terex Corp (TEX).
