Terex Co. (TEX) SVP Brian J. Henry Sells 5,000 Shares

Terex Co. (NYSE:TEX) SVP Brian J. Henry sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 22nd. The stock was sold at an average price of $40.75, for a total transaction of $203,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Brian J. Henry also recently made the following trade(s):

  • On Tuesday, May 8th, Brian J. Henry bought 57 shares of Terex stock. The shares were purchased at an average price of $40.69 per share, for a total transaction of $2,319.33.
  • On Monday, April 9th, Brian J. Henry bought 94 shares of Terex stock. The shares were purchased at an average price of $36.71 per share, for a total transaction of $3,450.74.

Shares of Terex stock opened at $40.82 on Wednesday. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 30.24, a P/E/G ratio of 0.68 and a beta of 1.79. Terex Co. has a 52 week low of $35.30 and a 52 week high of $50.17. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.29 and a current ratio of 2.26.

Terex (NYSE:TEX) last announced its quarterly earnings results on Tuesday, May 1st. The industrial products company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.19. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.12 billion. Terex had a net margin of 3.98% and a return on equity of 12.83%. The firm’s revenue was up 25.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 earnings per share. analysts anticipate that Terex Co. will post 2.9 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 19th. Shareholders of record on Friday, June 8th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, June 7th. This represents a $0.40 annualized dividend and a yield of 0.98%. Terex’s dividend payout ratio is currently 29.63%.

A number of research firms recently weighed in on TEX. TheStreet upgraded shares of Terex from a “c” rating to a “b” rating in a research note on Tuesday, May 1st. BMO Capital Markets restated a “hold” rating and set a $46.00 target price on shares of Terex in a research note on Wednesday, April 18th. Morgan Stanley began coverage on shares of Terex in a research note on Friday, March 2nd. They set an “equal weight” rating and a $45.00 target price on the stock. Zacks Investment Research lowered shares of Terex from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Finally, ValuEngine lowered shares of Terex from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. Terex currently has an average rating of “Hold” and a consensus price target of $46.23.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Summit Trail Advisors LLC grew its position in shares of Terex by 3,247.4% during the first quarter. Summit Trail Advisors LLC now owns 159,937 shares of the industrial products company’s stock worth $160,000 after acquiring an additional 155,159 shares during the last quarter. Xact Kapitalforvaltning AB grew its position in shares of Terex by 46.0% during the first quarter. Xact Kapitalforvaltning AB now owns 12,053 shares of the industrial products company’s stock worth $451,000 after acquiring an additional 3,800 shares during the last quarter. Royal Bank of Canada grew its position in shares of Terex by 15.1% during the first quarter. Royal Bank of Canada now owns 82,897 shares of the industrial products company’s stock worth $3,101,000 after acquiring an additional 10,850 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its position in shares of Terex by 42.7% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 222,295 shares of the industrial products company’s stock worth $8,316,000 after acquiring an additional 66,560 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in shares of Terex by 1,823.4% during the first quarter. Cubist Systematic Strategies LLC now owns 11,733 shares of the industrial products company’s stock worth $439,000 after acquiring an additional 11,123 shares during the last quarter. Institutional investors and hedge funds own 98.27% 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.

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

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