A share of Terex Corporation (NYSE:TEX) closed at $57.48 per share on Wednesday, down from $58.61 day before. While Terex Corporation has underperformed by -1.93%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TEX rose by 59.80%, with highs and lows ranging from $65.64 to $28.82, whereas the simple moving average jumped by 10.69% in the last 200 days.
On July 07, 2023, Raymond James started tracking Terex Corporation (NYSE: TEX) recommending Mkt Perform.
Analysis of Terex Corporation (TEX)
It’s important to note that TEX shareholders are currently getting $0.68 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter increase in sales is 30.30%, showing a positive trend in the upcoming months.
Terex Corporation’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 36.10% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.00, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and TEX is registering an average volume of 791.16K. On a monthly basis, the volatility of the stock is set at 3.10%, whereas on a weekly basis, it is put at 2.92%, with a loss of -6.12% over the past seven days. Furthermore, long-term investors anticipate a median target price of $69.00, showing growth from the present price of $57.48, which can serve as yet another indication of whether TEX is worth investing in or should be passed over.
How Do You Analyze Terex Corporation Shares?
A giant in the Farm & Heavy Construction Machinery market, Terex Corporation (TEX) is based in the USA. When comparing Terex Corporation shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 8.87, there is a growth in quarterly earnings of 119.50%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.70%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 92.50% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in TEX shares?
The recent increase in stakes in TEX appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in TEX has increased by 1.48% in the first quarter. The company now owns 7,642,093 shares of the stock, with a value of $448.06 million, following the purchase of 111,758 additional shares during the last quarter. The Vanguard Group, Inc. made another decreased to its shares in TEX during the first quarter, downing its stake by -0.08%. During the last quarter, the company dropped down -5,835 additional shares for a total stake of worth $445.32 million, bringing number of shares owned by the company to 7,595,394.
During the first quarter, Dimensional Fund Advisors LP subtracted a -111,329 position in TEX. Fidelity Management & Research Co purchased an additional 0.59 million shares in the last quarter, increasing its holdings by 30.05%, now holding 2.57 million shares worth $150.47 million. At the end of the first quarter, SSgA Funds Management, Inc. increased its TEX holdings by 0.27% and now holds 2.34 million TEX shares valued at $137.23 million with the added 6357.0 shares during the period. TEX shares are owned by institutional investors to the tune of 92.50% at present.