Terex Co. (NYSE:TEX) insider John D. Sheehan bought 465 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were acquired at an average cost of $28.10 per share, for a total transaction of $13,066.50. Following the transaction, the insider now directly owns 107,892 shares in the company, valued at approximately $3,031,765.20. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

John D. Sheehan also recently made the following trade(s):

  • On Friday, April 5th, John D. Sheehan bought 572 shares of Terex stock. The shares were acquired at an average cost of $33.44 per share, for a total transaction of $19,127.68.

Shares of Terex stock traded down $0.72 on Friday, reaching $28.33. The stock had a trading volume of 616,921 shares, compared to its average volume of 909,446. The company has a quick ratio of 1.41, a current ratio of 2.27 and a debt-to-equity ratio of 2.01. Terex Co. has a 1 year low of $25.47 and a 1 year high of $45.47. The company has a market cap of $2.07 billion, a P/E ratio of 10.45, a PEG ratio of 0.82 and a beta of 1.72.

Terex (NYSE:TEX) last released its earnings results on Tuesday, April 30th. The industrial products company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.30. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. Terex had a negative net margin of 0.06% and a positive return on equity of 25.38%. Terex’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 EPS. As a group, equities research analysts forecast that Terex Co. will post 4.03 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Friday, June 7th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, June 6th. Terex’s dividend payout ratio is presently 16.24%.

A number of large investors have recently added to or reduced their stakes in TEX. LSV Asset Management grew its position in Terex by 299.3% during the 4th quarter. LSV Asset Management now owns 1,610,086 shares of the industrial products company’s stock worth $44,390,000 after purchasing an additional 1,206,820 shares during the last quarter. Morgan Stanley grew its position in Terex by 36.1% during the 1st quarter. Morgan Stanley now owns 3,967,089 shares of the industrial products company’s stock worth $127,463,000 after purchasing an additional 1,052,801 shares during the last quarter. Norges Bank purchased a new stake in Terex during the 4th quarter worth approximately $20,984,000. Oregon Public Employees Retirement Fund grew its position in Terex by 2,657.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 785,745 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 757,245 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its position in Terex by 36.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,188,335 shares of the industrial products company’s stock worth $60,333,000 after purchasing an additional 586,881 shares during the last quarter. 90.84% of the stock is currently owned by institutional investors.

TEX has been the topic of a number of research reports. ValuEngine downgraded shares of Terex from a “sell” rating to a “strong sell” rating in a research report on Monday, May 20th. Wells Fargo & Co lifted their price objective on shares of Terex from $32.00 to $37.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 26th. Credit Suisse Group lifted their price objective on shares of Terex from $37.00 to $39.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 26th. UBS Group downgraded shares of Terex from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $50.00 to $37.00 in a research report on Tuesday, April 23rd. Finally, Morgan Stanley set a $37.00 price objective on shares of Terex and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $35.92.

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About Terex

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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