Terex Corp. (NYSE:TEX) CFO Kevin Bradley sold 15,000 shares of Terex Corp. stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $26.74, for a total value of $401,100.00. Following the completion of the transaction, the chief financial officer now owns 178,703 shares of the company’s stock, valued at $4,778,518.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Kevin Bradley also recently made the following trade(s):

  • On Tuesday, November 8th, Kevin Bradley purchased 48 shares of Terex Corp. stock. The stock was bought at an average price of $23.75 per share, with a total value of $1,140.00.
  • On Tuesday, October 11th, Kevin Bradley purchased 70 shares of Terex Corp. stock. The stock was bought at an average price of $24.69 per share, with a total value of $1,728.30.
  • On Tuesday, September 6th, Kevin Bradley purchased 47 shares of Terex Corp. stock. The stock was bought at an average price of $24.35 per share, with a total value of $1,144.45.

Terex Corp. (NYSE:TEX) opened at 28.17 on Tuesday. The firm’s 50-day moving average price is $24.33 and its 200-day moving average price is $23.27. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 28.69 and a beta of 2.34. Terex Corp. has a 52-week low of $13.62 and a 52-week high of $28.88.

Terex Corp. (NYSE:TEX) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.03. Terex Corp. had a return on equity of 7.39% and a net margin of 2.01%. The business earned $1.06 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the company posted $0.44 EPS. The company’s quarterly revenue was down 15.9% on a year-over-year basis. On average, equities analysts anticipate that Terex Corp. will post $0.77 EPS for the current year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Thursday, November 10th will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, November 8th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.99%. Terex Corp.’s payout ratio is 28.57%.

Several equities analysts recently commented on TEX shares. Stifel Nicolaus set a $29.00 target price on Terex Corp. and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Bank of America Corp. upgraded Terex Corp. from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $21.00 to $29.00 in a research report on Friday, October 14th. Credit Agricole SA started coverage on Terex Corp. in a research report on Friday, September 30th. They set a “buy” rating and a $30.00 target price for the company. Morgan Stanley restated a “hold” rating and set a $21.00 target price on shares of Terex Corp. in a research report on Friday, September 16th. Finally, Zacks Investment Research upgraded Terex Corp. from a “strong sell” rating to a “hold” rating in a research report on Monday, September 12th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Terex Corp. presently has a consensus rating of “Hold” and an average price target of $24.50.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley raised its position in shares of Terex Corp. by 7.6% in the third quarter. Morgan Stanley now owns 7,788,678 shares of the company’s stock worth $197,911,000 after buying an additional 551,571 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Terex Corp. by 4.4% in the second quarter. Vanguard Group Inc. now owns 7,575,980 shares of the company’s stock worth $153,868,000 after buying an additional 321,119 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of Terex Corp. by 1.8% in the third quarter. Pzena Investment Management LLC now owns 7,293,443 shares of the company’s stock worth $185,326,000 after buying an additional 128,939 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Terex Corp. by 4.3% in the third quarter. BlackRock Fund Advisors now owns 3,923,531 shares of the company’s stock worth $99,697,000 after buying an additional 160,252 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in shares of Terex Corp. by 105.3% in the second quarter. TIAA CREF Investment Management LLC now owns 3,191,643 shares of the company’s stock worth $64,822,000 after buying an additional 1,636,964 shares during the last quarter. Hedge funds and other institutional investors own 82.27% of the company’s stock.

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.

5 Day Chart for NYSE:TEX

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