Terex Corp. (NYSE:TEX) insider Matthew Fearon sold 2,236 shares of the business’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $28.26, for a total value of $63,189.36. The sale was disclosed in a filing with the SEC, which is available through this link.

Matthew Fearon also recently made the following trade(s):

  • On Friday, September 9th, Matthew Fearon sold 3,632 shares of Terex Corp. stock. The stock was sold at an average price of $24.69, for a total value of $89,674.08.

Shares of Terex Corp. (NYSE:TEX) traded down 0.63% during midday trading on Friday, hitting $28.54. The stock had a trading volume of 1,533,893 shares. The company’s 50 day moving average is $24.88 and its 200 day moving average is $23.40. Terex Corp. has a 52 week low of $13.62 and a 52 week high of $28.88. The firm has a market cap of $3.02 billion, a P/E ratio of 29.06 and a beta of 2.34.

Terex Corp. (NYSE:TEX) last issued its earnings results on Tuesday, November 1st. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.03. The business earned $1.06 billion during 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 company’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 earnings per share. On average, equities analysts predict that Terex Corp. will post $0.77 earnings per share for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Thursday, November 10th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.28 dividend on an annualized basis and a yield of 0.98%. Terex Corp.’s payout ratio is currently 28.57%.

Several equities analysts have recently issued reports on 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. 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. JPMorgan Chase & Co. set a $20.00 target price on Terex Corp. and gave the stock a “hold” rating in a research report on Friday, August 5th. Credit Agricole SA restated an “underperform” rating on shares of Terex Corp. in a research report on Friday. Finally, Jefferies Group lowered Terex Corp. from a “buy” rating to a “hold” rating and set a $25.00 target price for the company. in a research report on Tuesday, August 9th. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $24.50.

A number of large investors have recently modified their holdings of the company. LS Investment Advisors LLC increased its stake in shares of Terex Corp. by 70.2% in the second quarter. LS Investment Advisors LLC now owns 6,648 shares of the company’s stock worth $135,000 after buying an additional 2,743 shares during the last quarter. IBM Retirement Fund increased its stake in shares of Terex Corp. by 1.1% in the second quarter. IBM Retirement Fund now owns 10,682 shares of the company’s stock worth $217,000 after buying an additional 113 shares during the last quarter. Concorde Asset Management LLC increased its stake in shares of Terex Corp. by 4.4% in the second quarter. Concorde Asset Management LLC now owns 16,675 shares of the company’s stock worth $339,000 after buying an additional 700 shares during the last quarter. Farmers & Merchants Investments Inc. increased its stake in shares of Terex Corp. by 0.9% in the second quarter. Farmers & Merchants Investments Inc. now owns 36,813 shares of the company’s stock worth $748,000 after buying an additional 346 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Terex Corp. by 4.8% in the second quarter. Fisher Asset Management LLC now owns 426,562 shares of the company’s stock worth $8,830,000 after buying an additional 19,476 shares during the last quarter. Institutional investors and hedge funds own 82.27% of the company’s stock.

Terex Corp. Company Profile

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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