Terex Corporation (TEX), a global manufacturer of lifting and material processing products, has seen its stock price touch a 52-week low, reaching $44.41. According to InvestingPro analysis, the stock appears undervalued despite maintaining a strong financial health score and trading at an attractive P/E ratio of 6.4. This latest price level reflects a significant downturn from the company’s performance over the past year, with Terex Corp (NYSE:TEX) experiencing a 1-year change of -20.16%. The decline in stock value can be attributed to a variety of market factors that have affected the industrial sector, including supply chain disruptions and fluctuating demand for heavy machinery. Investors and analysts are closely monitoring the company’s strategies to navigate these challenges and improve its market position. With a current dividend yield of 1.47% and a 12-year track record of consistent dividend payments, the company maintains strong fundamentals. For comprehensive analysis including 10+ additional ProTips and detailed valuation metrics, explore the full research report available on InvestingPro.
In other recent news, Wabtec Corporation is projected to maintain a strong competitive position, with KeyBanc Capital Markets maintaining an Overweight rating for the company. This is based on Wabtec’s robust international exposure, significant order backlog, and potential for technological advancements. The company’s potential to achieve low-teen earnings per share in the coming years is also noted, with organic growth predicted to be in the mid-single to high-single digits.
In the meantime, Terex Corporation has reported a year-over-year net sales decrease of 6% for the third quarter of 2024, with earnings per share (EPS) standing at $1.46. Despite this, the company has completed the acquisition of ESG, which is projected to contribute an additional $40 million in EBITDA in the fourth quarter. The company also reported a robust backlog of $1.6 billion, with the AWP segment accounting for $1.2 billion.
Terex Corporation recently appointed Jennifer Kong-Picarello as its new Senior Vice President and Chief Financial Officer. Kong-Picarello brings over two decades of financial experience from Schneider Electric (EPA:SCHN), Honeywell (NASDAQ:HON), and Tyco. These are among the recent developments for both Wabtec and Terex Corporation.
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