Terex Corp (TEX): Today's Featured Industrial Goods Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Terex ( TEX) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day up 0.5%. By the end of trading, Terex fell $0.94 (-2.2%) to $41.42 on average volume. Throughout the day, 1,812,885 shares of Terex exchanged hands as compared to its average daily volume of 1,589,500 shares. The stock ranged in price between $41.24-$42.31 after having opened the day at $42.17 as compared to the previous trading day's close of $42.36. Other companies within the Industrial Goods sector that declined today were: NF Energy Saving ( NFEC), down 11.9%, MagneGas Corporation ( MNGA), down 8.1%, Energy Recovery ( ERII), down 6.4% and Allegheny Technologies ( ATI), down 6.3%.

Terex Corporation operates as an equipment manufacturer of specialized machinery products. Terex has a market cap of $4.7 billion and is part of the industrial industry. The company has a P/E ratio of 49.6, above the S&P 500 P/E ratio of 17.7. Shares are up 0.9% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Terex a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Terex as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Desarrolladora Homex SAB de CV ADR ( HXM), up 49.1%, Patrick Industries ( PATK), up 9.1%, Comstock ( CHCI), up 8.9% and China Recycling Energy Corporation ( CREG), up 8.8% , were all gainers within the industrial goods sector with Lockheed Martin Corporation ( LMT) being today's featured industrial goods sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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