Terex Corp. (TEX) Insider Steve Filipov Sells 4,276 Shares
Terex Corp. (NYSE:TEX) insider Steve Filipov sold 4,276 shares of the stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $29.00, for a total value of $124,004.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Terex Corp. (NYSE:TEX) traded up 5.52% during mid-day trading on Wednesday, hitting $30.96. The company had a trading volume of 1,858,141 shares. The firm has a market cap of $3.28 billion, a P/E ratio of 31.53 and a beta of 2.34. The stock’s 50 day moving average price is $25.20 and its 200 day moving average price is $23.52. Terex Corp. has a 52-week low of $13.62 and a 52-week high of $31.01.
Terex Corp. (NYSE:TEX) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ 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 analyst estimates of $1.06 billion. During the same quarter last year, the firm posted $0.44 EPS. The company’s revenue was down 15.9% compared to the same quarter last year. On average, equities research analysts predict that Terex Corp. will post $0.77 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Thursday, November 10th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, November 8th. Terex Corp.’s dividend payout ratio (DPR) is 28.57%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Terex Corp. by 10.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,170 shares of the company’s stock valued at $106,000 after buying an additional 407 shares during the period. BOKF NA boosted its position in Terex Corp. by 97.1% in the second quarter. BOKF NA now owns 5,237 shares of the company’s stock valued at $107,000 after buying an additional 2,580 shares during the period. Riverhead Capital Management LLC acquired a new position in Terex Corp. during the third quarter valued at approximately $132,000. LS Investment Advisors LLC boosted its position in Terex Corp. by 70.2% in the second quarter. LS Investment Advisors LLC now owns 6,648 shares of the company’s stock valued at $135,000 after buying an additional 2,743 shares during the period. Finally, Sei Investments Co. boosted its position in Terex Corp. by 47.5% in the third quarter. Sei Investments Co. now owns 5,284 shares of the company’s stock valued at $135,000 after buying an additional 1,701 shares during the period. Institutional investors and hedge funds own 84.20% of the company’s stock.
A number of equities research analysts have issued reports on the company. Clsa Americas lowered Terex Corp. from a “buy” rating to an “underperform” rating in a research report on Friday, November 18th. Morgan Stanley reaffirmed a “hold” rating and issued a $21.00 price target on shares of Terex Corp. in a research report on Friday, September 16th. Stifel Nicolaus set a $29.00 price target on Terex Corp. and gave the company a “buy” rating in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. set a $20.00 price target on Terex Corp. and gave the company a “hold” rating in a research report on Friday, August 5th. Finally, Jefferies Group lowered Terex Corp. from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research report on Tuesday, August 9th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $24.50.
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.
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