Brian J. Henry Sells 5,000 Shares of Terex Corp. (TEX) Stock
Terex Corp. (NYSE:TEX) SVP Brian J. Henry sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $27.07, for a total value of $135,350.00. Following the sale, the senior vice president now owns 310,611 shares in the company, valued at $8,408,239.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Brian J. Henry also recently made the following trade(s):
- On Tuesday, October 11th, Brian J. Henry bought 140 shares of Terex Corp. stock. The shares were purchased at an average price of $24.69 per share, for a total transaction of $3,456.60.
Shares of Terex Corp. (NYSE:TEX) opened at 27.88 on Monday. The stock has a 50 day moving average price of $24.33 and a 200 day moving average price of $23.27. Terex Corp. has a 12 month low of $13.62 and a 12 month high of $28.08. The stock has a market cap of $2.95 billion, a P/E ratio of 28.39 and a beta of 2.34.
Terex Corp. (NYSE:TEX) last released its quarterly earnings data on Tuesday, November 1st. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by $0.03. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. Terex Corp. had a return on equity of 7.39% and a net margin of 2.01%. The business’s revenue was down 15.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 earnings per share. Equities analysts anticipate that Terex Corp. will post $0.77 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Thursday, November 10th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Tuesday, November 8th. Terex Corp.’s dividend payout ratio is presently 28.57%.
A number of analysts have commented on the company. Zacks Investment Research downgraded Terex Corp. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 4th. Barclays PLC downgraded Terex Corp. from an “equal weight” rating to an “underweight” rating and set a $20.00 target price on the stock. in a research report on Monday, October 24th. Deutsche Bank AG initiated coverage on Terex Corp. in a research report on Tuesday, September 6th. They set a “hold” rating and a $26.00 target price on the stock. Jefferies Group cut Terex Corp. from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a report on Tuesday, August 9th. They noted that the move was a valuation call. Finally, Morgan Stanley reissued a “hold” rating and issued a $21.00 price target on shares of Terex Corp. in a report on Friday, September 16th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $24.50.
Several large investors have recently added to or reduced their stakes in TEX. Loews Corp boosted its stake in shares of Terex Corp. by 18.9% in the second quarter. Loews Corp now owns 13,050 shares of the company’s stock valued at $265,000 after buying an additional 2,075 shares during the period. Artemis Investment Management LLP boosted its stake in shares of Terex Corp. by 298.5% in the second quarter. Artemis Investment Management LLP now owns 497,184 shares of the company’s stock valued at $10,100,000 after buying an additional 372,408 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Terex Corp. by 9.4% in the second quarter. BNP Paribas Arbitrage SA now owns 50,956 shares of the company’s stock valued at $1,035,000 after buying an additional 4,362 shares during the period. Kennedy Capital Management Inc. acquired a new stake in shares of Terex Corp. during the first quarter valued at approximately $2,503,000. Finally, BlackRock Group LTD boosted its stake in shares of Terex Corp. by 31.0% in the first quarter. BlackRock Group LTD now owns 85,515 shares of the company’s stock valued at $2,126,000 after buying an additional 20,240 shares during the period. 82.27% of the stock is owned by institutional investors and hedge funds.
About Terex Corp.
Terex Corporation is a lifting and material handling solutions company. The Company is focused on providing its operations and delivering solutions for a range of commercial applications, including the construction, infrastructure, mining, manufacturing, transportation, energy and utility industries.
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