Terex Co. (NYSE:TEX) insider Steve Filipov sold 6,929 shares of the firm’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $38.85, for a total value of $269,191.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Terex stock traded down $0.51 during mid-day trading on Tuesday, hitting $38.24. The company’s stock had a trading volume of 625,200 shares, compared to its average volume of 1,488,391. The company has a market cap of $2.86 billion, a P/E ratio of 28.56, a P/E/G ratio of 0.57 and a beta of 1.58. The company has a current ratio of 2.11, a quick ratio of 1.19 and a debt-to-equity ratio of 1.15. Terex Co. has a 52-week low of $35.30 and a 52-week high of $50.17.

Terex (NYSE:TEX) last posted its quarterly earnings results on Tuesday, July 31st. The industrial products company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.08. Terex had a return on equity of 16.66% and a net margin of 2.91%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. equities analysts forecast that Terex Co. will post 2.9 earnings per share for the current fiscal year.

Terex announced that its board has authorized a share buyback program on Thursday, July 12th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the industrial products company to repurchase up to 8.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 19th. Stockholders of record on Thursday, August 9th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, August 8th. Terex’s dividend payout ratio (DPR) is presently 29.63%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Delta Capital Management LLC purchased a new stake in shares of Terex during the 2nd quarter worth about $212,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Terex during the 1st quarter worth about $184,000. Lido Advisors LLC purchased a new stake in shares of Terex during the 2nd quarter worth about $246,000. Strs Ohio purchased a new stake in shares of Terex during the 2nd quarter worth about $307,000. Finally, Pinnacle Associates Ltd. raised its stake in shares of Terex by 32.4% during the 2nd quarter. Pinnacle Associates Ltd. now owns 8,170 shares of the industrial products company’s stock worth $345,000 after purchasing an additional 2,001 shares in the last quarter. 98.73% of the stock is owned by institutional investors.

A number of research firms recently weighed in on TEX. UBS Group set a $52.00 price target on Terex and gave the company a “buy” rating in a research report on Wednesday, August 22nd. Robert W. Baird raised Terex from an “underperform” rating to a “neutral” rating and set a $38.00 price objective for the company in a research note on Monday, August 20th. ValuEngine downgraded Terex from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. Bank of America increased their price objective on Terex from $36.00 to $40.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 1st. Finally, Wells Fargo & Co downgraded Terex from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 19th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $46.00.

Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide. The company operates through three segments: Aerial Work Platforms (AWP), Cranes, and Material Processing (MP). The AWP segment engages in the design, manufacture, service, and market of AWP equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brands to construct and maintain industrial, commercial, and residential buildings and facilities, and for other commercial operations, as well as used in infrastructure projects.

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