Terex Corporation (NYSE:TEX) VP Eric I. Cohen sold 3,392 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $39.23, for a total transaction of $133,068.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Eric I. Cohen also recently made the following trade(s):

  • On Friday, June 9th, Eric I. Cohen sold 10,000 shares of Terex Corporation stock. The stock was sold at an average price of $36.42, for a total transaction of $364,200.00.

Terex Corporation (NYSE:TEX) traded down 0.79% on Tuesday, hitting $38.85. 700,340 shares of the stock were exchanged. The firm’s market cap is $3.47 billion. The stock’s 50 day moving average price is $38.11 and its 200 day moving average price is $33.98. Terex Corporation has a 52-week low of $21.88 and a 52-week high of $40.24.

Terex Corporation (NYSE:TEX) last posted its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.42 by $0.09. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Terex Corporation had a positive return on equity of 4.98% and a negative net margin of 1.76%. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 EPS. Equities research analysts forecast that Terex Corporation will post $1.15 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Wednesday, August 9th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.32 annualized dividend and a yield of 0.82%. Terex Corporation’s dividend payout ratio (DPR) is currently -50.79%.

Terex Corporation announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 30th that authorizes the company to repurchase $280.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to purchase up to 8.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

ILLEGAL ACTIVITY NOTICE: This report was first published by Watch List News and is the property of of Watch List News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.watchlistnews.com/eric-i-cohen-sells-3392-shares-of-terex-corporation-tex-stock/1492129.html.

A number of equities analysts have weighed in on TEX shares. TheStreet upgraded shares of Terex Corporation from a “c” rating to a “b” rating in a research report on Tuesday, August 1st. Credit Suisse Group AG set a $45.00 price target on shares of Terex Corporation and gave the stock a “buy” rating in a research report on Monday, June 26th. Zacks Investment Research upgraded shares of Terex Corporation from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Thursday, July 13th. UBS AG reiterated a “buy” rating and issued a $44.00 price target (up from $40.00) on shares of Terex Corporation in a research report on Wednesday, August 2nd. Finally, Deutsche Bank AG set a $44.00 price target on shares of Terex Corporation and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Four research analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $36.63.

Hedge funds have recently modified their holdings of the stock. Dean Capital Management bought a new stake in shares of Terex Corporation during the second quarter valued at about $2,434,000. Sterling Capital Management LLC bought a new stake in shares of Terex Corporation during the second quarter valued at about $768,000. Caxton Associates LP raised its stake in shares of Terex Corporation by 66.7% in the second quarter. Caxton Associates LP now owns 150,000 shares of the industrial products company’s stock valued at $5,625,000 after buying an additional 60,000 shares during the period. BlueCrest Capital Management Ltd bought a new stake in shares of Terex Corporation during the second quarter valued at about $2,872,000. Finally, Gotham Asset Management LLC raised its stake in shares of Terex Corporation by 30.9% in the second quarter. Gotham Asset Management LLC now owns 459,144 shares of the industrial products company’s stock valued at $17,218,000 after buying an additional 108,486 shares during the period. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Terex Corporation Company Profile

Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.

Insider Buying and Selling by Quarter for Terex Corporation (NYSE:TEX)

Receive News & Ratings for Terex Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terex Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.