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Wednesday, March 22, 2023

Terex Corporation (TEX): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Terex Corporation (TEX) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 0.03%, to $60.34. The Terex Corporation has recorded 17,766 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Terex to Present at the 15th Annual Evercore ISI Industrial Conference.

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Stocks Info

This NYSE-listed company operates within the Farm & Heavy Construction Machinery industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $60.32 and fluctuated between $60.39 as its day high and $59.29 as its day low. The current market capitalization of Terex Corporation is $3.91B. A total of 0.74 million shares were traded on the day, compared to an average of 782.94K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, TEX has seen 1 BUY and 4 SELL insider trades, representing the acquisition of 13 and the disposition of 18,752 shares. Over the last 12 months, there were 29 BUYs and 28 SELLs from insiders. Insiders purchased 370,811 shares during that period but sold 192,609.

In the most recent transaction, SACHS DAVID A sold 13,563 shares of TEX for 59.50 per share on Feb 28. After the transaction, the Director now owns 368,431 company shares. In a previous transaction on Feb 28, SACHS DAVID A sold 750 shares at 59.50 per share. TEX shares that Director owns now total 8,300.

Among the insiders who sold shares, GARRISON JOHN L JR disposed of 138,679 shares on Feb 27 at a per-share price of $57.88. This resulted in the CHAIRMAN AND CEO holding 550,486 shares of TEX after the transaction. In another insider transaction, POSNER SCOTT sold 15,000 shares at $58.40 per share on Feb 27. Company shares held by the Senior V.P., Gen Counsel Sec. now total 51,724.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Terex Corporation pays an annual dividend of $0.60, resulting in a dividend yield of 0.99%, and it has a price to earnings (P/E) ratio of 13.90. TEX’s most recent ex-dividend date was 3/8/2023 when it declared a $0.15 quarterly dividend that was paid in cash on 3/20/2023. Previously, the company paid the dividend on 12/19/2022 with an ex-dividend date of 11/9/2022. The TEX stock dividend was $0.13 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for TEX in the last 3 months, the mean price target is $60.07 with high estimates of $72.00 and low estimates of $51.00. In terms of 52-week highs and lows, TEX has a high of $60.08 and a low of $26.64.

As of this writing, TEX has an earnings estimate of $1.03 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $1.38 per share and a lower estimate of $0.85. The company reported an EPS of $1.2 in the last quarter, which was 15.40% higher than expectations of $1.04.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 17 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TEX is Underweight with a score of 4.09. A total of 8 analysts rated the stock as Buy while 0 rated it as Overweight while 8 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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