Insider Selling: Terex Co. (NYSE:TEX) Insider Sells $292,397.85 in Stock

Terex Co. (NYSE:TEXGet Free Report) insider Joshua Gross sold 4,945 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $59.13, for a total value of $292,397.85. Following the completion of the sale, the insider now owns 21,457 shares of the company’s stock, valued at $1,268,752.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Terex Stock Down 0.3 %

Shares of NYSE TEX opened at $61.62 on Friday. The company has a quick ratio of 0.95, a current ratio of 2.01 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $58.49 and its two-hundred day moving average is $55.30. Terex Co. has a 52-week low of $41.89 and a 52-week high of $65.64. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 0.61 and a beta of 1.62.

Terex (NYSE:TEXGet Free Report) last posted its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.41. Terex had a return on equity of 32.89% and a net margin of 10.06%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the business earned $1.34 EPS. The company’s quarterly revenue was up .4% compared to the same quarter last year. Research analysts predict that Terex Co. will post 6.94 EPS for the current year.

Terex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.68 annualized dividend and a yield of 1.10%. Terex’s payout ratio is 8.96%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TEX. Evercore ISI dropped their target price on Terex from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. Truist Financial assumed coverage on shares of Terex in a report on Thursday, March 14th. They issued a “buy” rating and a $73.00 price objective for the company. The Goldman Sachs Group lifted their target price on shares of Terex from $52.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 13th. UBS Group cut shares of Terex from a “buy” rating to a “neutral” rating and increased their price target for the company from $61.00 to $62.00 in a research note on Tuesday, February 13th. Finally, Bank of America reaffirmed an “underperform” rating and set a $57.00 price target on shares of Terex in a research report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $64.21.

Read Our Latest Report on Terex

Institutional Investors Weigh In On Terex

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of Terex by 2.3% in the 2nd quarter. BlackRock Inc. now owns 9,052,238 shares of the industrial products company’s stock valued at $541,595,000 after purchasing an additional 205,591 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Terex by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 7,767,160 shares of the industrial products company’s stock worth $276,978,000 after acquiring an additional 68,739 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Terex by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,766,649 shares of the industrial products company’s stock valued at $98,664,000 after acquiring an additional 23,768 shares during the last quarter. FMR LLC raised its position in shares of Terex by 3.9% during the 3rd quarter. FMR LLC now owns 2,691,767 shares of the industrial products company’s stock worth $155,100,000 after acquiring an additional 102,193 shares in the last quarter. Finally, State Street Corp lifted its stake in Terex by 0.3% during the second quarter. State Street Corp now owns 2,340,626 shares of the industrial products company’s stock worth $140,040,000 after purchasing an additional 6,357 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Terex Company Profile

(Get Free Report)

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.

Further Reading

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

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