Terex Co. (TEX) Insider John D. Sheehan Acquires 263 Shares
Terex Co. (NYSE:TEX) insider John D. Sheehan purchased 263 shares of the business’s stock in a transaction on Monday, January 8th. The stock was purchased at an average cost of $47.46 per share, with a total value of $12,481.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
John D. Sheehan also recently made the following trade(s):
- On Monday, November 6th, John D. Sheehan acquired 273 shares of Terex stock. The shares were bought at an average cost of $45.73 per share, with a total value of $12,484.29.
Shares of Terex Co. (NYSE TEX) traded up $0.16 during midday trading on Thursday, hitting $47.58. 1,390,200 shares of the stock were exchanged, compared to its average volume of 916,686. The company has a current ratio of 2.42, a quick ratio of 1.53 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $4,000.00, a PE ratio of -24.78, a PEG ratio of 1.87 and a beta of 1.89. Terex Co. has a 1 year low of $28.67 and a 1 year high of $48.92.
Several institutional investors have recently added to or reduced their stakes in TEX. Sei Investments Co. lifted its holdings in shares of Terex by 19.5% in the 2nd quarter. Sei Investments Co. now owns 3,800 shares of the industrial products company’s stock worth $142,000 after acquiring an additional 619 shares during the last quarter. Clear Perspective Advisors LLC purchased a new position in Terex during the 2nd quarter valued at about $198,000. Pacer Advisors Inc. increased its position in Terex by 450.2% during the 3rd quarter. Pacer Advisors Inc. now owns 4,446 shares of the industrial products company’s stock valued at $200,000 after purchasing an additional 3,638 shares during the period. Invictus RG increased its position in Terex by 95.4% during the 3rd quarter. Invictus RG now owns 4,618 shares of the industrial products company’s stock valued at $208,000 after purchasing an additional 2,255 shares during the period. Finally, CIBC World Markets Inc. purchased a new position in Terex during the 2nd quarter valued at about $210,000. Hedge funds and other institutional investors own 96.86% of the company’s stock.
Several analysts have weighed in on TEX shares. Wells Fargo & Co set a $52.00 price target on shares of Terex and gave the stock a “buy” rating in a research note on Monday, October 16th. OTR Global cut shares of Terex to a “positive” rating in a research report on Wednesday, September 13th. UBS Group set a $52.00 price objective on shares of Terex and gave the company a “buy” rating in a research report on Wednesday, October 11th. Citigroup boosted their price objective on shares of Terex from $39.00 to $49.00 and gave the company a “neutral” rating in a research report on Friday, October 13th. Finally, Barclays started coverage on shares of Terex in a research report on Tuesday, December 12th. They set an “equal weight” rating and a $50.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $44.71.
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.
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