Terex Co. (NYSE:TEX) VP Scott Posner Sells 2,500 Shares

Terex Co. (NYSE:TEXGet Rating) VP Scott Posner sold 2,500 shares of the stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $44.68, for a total transaction of $111,700.00. Following the transaction, the vice president now directly owns 62,065 shares in the company, valued at approximately $2,773,064.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Terex Price Performance

TEX opened at $44.91 on Tuesday. The company’s 50-day moving average price is $35.89 and its 200 day moving average price is $33.85. Terex Co. has a fifty-two week low of $26.64 and a fifty-two week high of $48.50. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 0.59 and a beta of 1.66. The company has a quick ratio of 0.93, a current ratio of 1.96 and a debt-to-equity ratio of 0.80.

Terex (NYSE:TEXGet Rating) last announced its quarterly earnings results on Friday, October 28th. The industrial products company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.04 by $0.16. Terex had a net margin of 6.36% and a return on equity of 24.72%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $0.67 earnings per share. Terex’s revenue was up 12.7% compared to the same quarter last year. As a group, sell-side analysts expect that Terex Co. will post 4.12 earnings per share for the current year.

Terex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Thursday, November 10th will be paid a $0.13 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $0.52 annualized dividend and a dividend yield of 1.16%. Terex’s payout ratio is currently 13.58%.

Institutional Investors Weigh In On Terex

Several large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its stake in shares of Terex by 5.5% in the third quarter. Public Employees Retirement System of Ohio now owns 5,464 shares of the industrial products company’s stock valued at $162,000 after purchasing an additional 287 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Terex by 5.7% during the first quarter. Crossmark Global Holdings Inc. now owns 6,294 shares of the industrial products company’s stock valued at $225,000 after acquiring an additional 340 shares during the period. Bessemer Group Inc. increased its stake in shares of Terex by 130.6% during the third quarter. Bessemer Group Inc. now owns 934 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 529 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Terex by 4.9% during the third quarter. Teacher Retirement System of Texas now owns 11,389 shares of the industrial products company’s stock valued at $339,000 after acquiring an additional 536 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Terex by 5.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 11,900 shares of the industrial products company’s stock valued at $424,000 after acquiring an additional 569 shares during the period. Institutional investors and hedge funds own 87.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Morgan Stanley increased their price target on shares of Terex from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, October 31st. Citigroup increased their price target on shares of Terex to $45.00 in a research report on Tuesday, November 1st. The Goldman Sachs Group increased their price target on shares of Terex from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. StockNews.com raised shares of Terex from a “hold” rating to a “buy” rating in a research report on Monday, October 31st. Finally, Credit Suisse Group increased their price target on shares of Terex from $40.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, October 31st. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Terex Company Profile

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Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Aerial Work Platforms (AWP) and Materials Processing (MP). The AWP segment designs, manufactures, services, and markets aerial work platform equipment, utility equipment, and telehandlers under the Terex and Genie brands.

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