Terex Co. (NYSE:TEX - Get Free Report) Director David A. Sachs acquired 20,000 shares of the business's stock in a transaction dated Friday, December 13th. The shares were bought at an average price of $49.75 per share, for a total transaction of $995,000.00. Following the completion of the acquisition, the director now owns 137,500 shares in the company, valued at approximately $6,840,625. This trade represents a 17.02 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Terex Stock Down 1.8 %
Shares of NYSE:TEX opened at $47.28 on Wednesday. The company has a 50 day moving average of $53.41 and a two-hundred day moving average of $54.40. Terex Co. has a 52-week low of $46.90 and a 52-week high of $68.08. The company has a quick ratio of 1.16, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 6.90, a price-to-earnings-growth ratio of 4.00 and a beta of 1.53.
Terex (NYSE:TEX - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.15. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.16 billion. Terex had a net margin of 9.08% and a return on equity of 24.92%. The firm's revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.75 EPS. As a group, analysts forecast that Terex Co. will post 6.07 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.68 annualized dividend and a yield of 1.44%. Terex's dividend payout ratio is presently 9.93%.
Hedge Funds Weigh In On Terex
Several institutional investors and hedge funds have recently made changes to their positions in the business. Greenwich Wealth Management LLC boosted its stake in Terex by 0.3% during the 3rd quarter. Greenwich Wealth Management LLC now owns 62,371 shares of the industrial products company's stock valued at $3,300,000 after acquiring an additional 181 shares during the last quarter. Dorsey Wright & Associates lifted its position in shares of Terex by 0.3% during the second quarter. Dorsey Wright & Associates now owns 61,309 shares of the industrial products company's stock worth $3,362,000 after purchasing an additional 186 shares during the last quarter. Blue Trust Inc. increased its holdings in Terex by 57.5% in the second quarter. Blue Trust Inc. now owns 512 shares of the industrial products company's stock valued at $28,000 after buying an additional 187 shares during the last quarter. US Bancorp DE raised its stake in Terex by 4.0% during the third quarter. US Bancorp DE now owns 5,837 shares of the industrial products company's stock valued at $309,000 after buying an additional 227 shares in the last quarter. Finally, Lingohr Asset Management GmbH lifted its position in shares of Terex by 2.0% in the 3rd quarter. Lingohr Asset Management GmbH now owns 11,516 shares of the industrial products company's stock worth $607,000 after buying an additional 230 shares during the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Terex from $65.00 to $62.00 and set a "neutral" rating on the stock in a report on Monday, October 14th. The Goldman Sachs Group lowered their price target on Terex from $72.00 to $62.00 and set a "neutral" rating for the company in a research report on Friday, September 20th. Citigroup cut their price objective on Terex from $60.00 to $57.00 and set a "neutral" rating on the stock in a report on Monday, September 23rd. Truist Financial boosted their target price on Terex from $62.00 to $65.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Finally, Robert W. Baird cut their price target on shares of Terex from $65.00 to $55.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Terex presently has an average rating of "Hold" and a consensus target price of $59.56.
Read Our Latest Analysis on Terex
About Terex
(
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.
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