Terex Co. (NYSE:TEX) CFO John D. Sheehan bought 751 shares of the stock in a transaction dated Monday, September 9th. The shares were bought at an average cost of $26.09 per share, with a total value of $19,593.59. Following the completion of the acquisition, the chief financial officer now directly owns 214,330 shares of the company’s stock, valued at approximately $5,591,869.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Wednesday, July 10th, John D. Sheehan acquired 441 shares of Terex stock. The shares were bought at an average price of $29.66 per share, with a total value of $13,080.06.

NYSE:TEX traded up $0.71 during trading hours on Wednesday, reaching $27.99. 965,307 shares of the company’s stock were exchanged, compared to its average volume of 1,061,271. The company has a market capitalization of $1.87 billion, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 0.86 and a beta of 1.77. Terex Co. has a 12 month low of $22.91 and a 12 month high of $42.74. The company has a quick ratio of 1.43, a current ratio of 2.21 and a debt-to-equity ratio of 1.68. The business’s 50-day simple moving average is $26.56 and its two-hundred day simple moving average is $30.07.

Terex (NYSE:TEX) last posted its quarterly earnings results on Monday, July 29th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.13). Terex had a net margin of 0.29% and a return on equity of 27.40%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the company posted $0.98 EPS. Terex’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Terex Co. will post 3.58 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Monday, August 12th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, August 9th. Terex’s payout ratio is 16.24%.

TEX has been the topic of a number of analyst reports. ValuEngine raised shares of Terex from a “strong sell” rating to a “sell” rating in a report on Friday, August 2nd. UBS Group set a $34.00 target price on Terex and gave the company a “hold” rating in a research note on Wednesday, July 31st. Evercore ISI reissued an “in-line” rating and issued a $31.00 price target (down previously from $40.00) on shares of Terex in a research note on Friday, May 31st. BMO Capital Markets dropped their price target on shares of Terex to $30.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 31st. Finally, Barclays restated a “hold” rating and issued a $33.00 target price on shares of Terex in a research report on Monday, July 15th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. Terex presently has a consensus rating of “Hold” and an average price target of $33.58.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Great West Life Assurance Co. Can lifted its holdings in shares of Terex by 4.9% during the first quarter. Great West Life Assurance Co. Can now owns 41,450 shares of the industrial products company’s stock valued at $1,331,000 after purchasing an additional 1,929 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Terex by 9.7% in the 4th quarter. Geode Capital Management LLC now owns 661,708 shares of the industrial products company’s stock valued at $18,242,000 after purchasing an additional 58,616 shares during the period. Envestnet Asset Management Inc. increased its stake in Terex by 6.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 24,983 shares of the industrial products company’s stock worth $784,000 after purchasing an additional 1,565 shares in the last quarter. Nordea Investment Management AB increased its stake in Terex by 50.0% in the 1st quarter. Nordea Investment Management AB now owns 190,432 shares of the industrial products company’s stock worth $6,118,000 after purchasing an additional 63,469 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Terex during the 1st quarter worth about $534,000. Institutional investors and hedge funds own 88.31% of the company’s stock.

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

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