Terex Corp (TEX): Today's Highlighted Laggard In Industrial

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Terex ( TEX) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Terex fell 54 cents (-1.5%) to $34.42 on average volume. Throughout the day, two million shares of Terex exchanged hands as compared to its average daily volume of 2.4 million shares. The stock ranged in price between $34.18-$35.19 after having opened the day at $34.95 as compared to the previous trading day's close of $34.96. Other companies within the Industrial industry that declined today were: Intellicheck Mobilisa ( IDN), down 7.1%, JinkoSolar ( JKS), down 6.1%, Metalico ( MEA), down 4.7%, and Broadwind Energy ( BWEN), down 4.6%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Terex Corporation operates as an equipment manufacturer of specialized machinery products. Terex has a market cap of $3.87 billion and is part of the industrial goods sector. The company has a P/E ratio of 38.4, above the S&P 500 P/E ratio of 17.7. Shares are up 24.4% year to date as of the close of trading on Wednesday. Currently there are six analysts that rate Terex a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Terex as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins.

On the positive front, Continental Materials Corporation ( CUO), up 10.3%, IntriCon Corporation ( IIN), up 9.6%, ExOne ( XONE), up 9.5%, and Flow International Corporation ( FLOW), up 7.7%, were all gainers within the industrial industry with Cummins ( CMI) being today's featured industrial industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.

null

More from Markets

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb

Why Nashville, Denver, LA Should Reconsider Bids for Amazon HQ2

Why Nashville, Denver, LA Should Reconsider Bids for Amazon HQ2

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists

Jim Cramer: Visa Is a Technology Company That Masquerades as a Financial Company

Jim Cramer: Visa Is a Technology Company That Masquerades as a Financial Company

Jim Cramer: Chipotle Shares Are Probably Done Going Down

Jim Cramer: Chipotle Shares Are Probably Done Going Down