Terex Co. (NYSE:TEX) insider Matthew Fearon sold 30,306 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $39.48, for a total transaction of $1,196,480.88. Following the completion of the transaction, the insider now owns 114,664 shares of the company’s stock, valued at $4,526,934.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Terex Co. (NYSE TEX) traded down $0.18 on Thursday, reaching $38.82. 710,673 shares of the company were exchanged, compared to its average volume of 1,577,324. The stock has a market capitalization of $3,190.00, a P/E ratio of 30.92, a P/E/G ratio of 0.98 and a beta of 1.76. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.30 and a quick ratio of 1.36. Terex Co. has a 1-year low of $28.67 and a 1-year high of $50.17.
Terex (NYSE:TEX) last announced its earnings results on Wednesday, February 14th. The industrial products company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $999.18 million. Terex had a net margin of 2.95% and a return on equity of 8.80%. research analysts anticipate that Terex Co. will post 2.51 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Friday, March 9th will be paid a $0.10 dividend. This is an increase from Terex’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Thursday, March 8th. Terex’s dividend payout ratio (DPR) is currently 31.75%.
Terex announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 7th that authorizes the company to repurchase $325.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
A number of equities analysts have recently commented on TEX shares. ValuEngine lowered shares of Terex from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. OTR Global upgraded shares of Terex to a “positive” rating in a research report on Tuesday, December 5th. Barclays started coverage on shares of Terex in a research report on Tuesday, December 12th. They issued an “equal weight” rating and a $50.00 price objective for the company. Zacks Investment Research lowered shares of Terex from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, Robert W. Baird restated a “buy” rating and issued a $52.00 price objective on shares of Terex in a research report on Thursday, December 21st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $45.27.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc raised its stake in Terex by 0.8% in the third quarter. Legal & General Group Plc now owns 172,062 shares of the industrial products company’s stock valued at $7,744,000 after purchasing an additional 1,293 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in Terex by 1.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 105,442 shares of the industrial products company’s stock valued at $5,084,000 after purchasing an additional 1,670 shares in the last quarter. Flinton Capital Management LLC raised its stake in Terex by 11.8% in the fourth quarter. Flinton Capital Management LLC now owns 17,102 shares of the industrial products company’s stock valued at $825,000 after purchasing an additional 1,802 shares in the last quarter. Scotia Capital Inc. raised its stake in Terex by 30.1% in the fourth quarter. Scotia Capital Inc. now owns 8,673 shares of the industrial products company’s stock valued at $418,000 after purchasing an additional 2,009 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Terex by 52.9% during the third quarter. Sei Investments Co. now owns 5,812 shares of the industrial products company’s stock worth $262,000 after acquiring an additional 2,012 shares in the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.
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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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