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Wednesday, December 6, 2023

An Evaluation Of Terex Corp. (NYSE: TEX) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Terex Corp. (TEX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$1.17, or -2.50%, to $45.68. The Terex Corp. has recorded 27,918 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Terex Reports Third Quarter 2023 Results.

Stocks Info

TEX belongs to the Industrials sector of the NYSE while operating in the Farm & Heavy Construction Machinery industry. At the end of the last regular session, the stock closed at $46.85 and fluctuated between $46.91 as its day high and $44.93 as its day low. The current market capitalization of Terex Corp. is $3.15B. A total of 0.97 million shares were traded on the day, compared to an average of 946.74K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, TEX has seen 1 BUY and 2 SELL insider trades, representing the acquisition of 2,972 and the disposition of 1,000 shares. Over the last 12 months, there were 33 BUYs and 62 SELLs from insiders. Insiders purchased 309,749 shares during that period but sold 889,273.

In the most recent transaction, RUSH ANDRA bought 1,130 shares of TEX for 44.31 per share on Oct 27. After the transaction, the Director now owns 19,775 company shares. In a previous transaction on Jun 29, GARRISON JOHN L JR sold 9,966 shares at 60.00 per share. TEX shares that CHAIRMAN AND CEO owns now total 535,331.

Among the insiders who sold shares, Hegarty Kieran disposed of 27,000 shares on Jun 08 at a per-share price of $55.84. This resulted in the President, Materials Processin holding 186,659 shares of TEX after the transaction. In another insider transaction, MEESTER SIMON sold 6,000 shares at $50.44 per share on May 03. Company shares held by the President – Genie now total 55,907.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Terex Corp. pays an annual dividend of $0.56, resulting in a dividend yield of 1.19%, and it has a price to earnings (P/E) ratio of 6.66. TEX’s most recent ex-dividend date was 11/8/2023 when it declared a $0.17 quarterly dividend that was paid in cash on 12/19/2023. Previously, the company paid the dividend on 9/19/2023 with an ex-dividend date of 8/11/2023. The TEX stock dividend was $0.17 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for TEX in the last 3 months, the mean price target is $62.25 with high estimates of $75.00 and low estimates of $50.00. In terms of 52-week highs and lows, TEX has a high of $65.64 and a low of $37.27.

As of this writing, TEX has an earnings estimate of $1.72 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $1.91 per share and a lower estimate of $1.55. The company reported an EPS of $1.6 in the last quarter, which was 53.80% higher than expectations of $1.04.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. TEX’s latest balance sheet shows that the firm has $266.90M in Cash & Short Term Investments as of fiscal 2021. There were $674.10M in debt and $909.90M in liabilities at the time. Its Book Value Per Share was $22.43, while its Total Shareholder’s Equity was $1.11B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 3.55.

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