Terex Corp. (NYSE:TEX) VP Eric I. Cohen sold 2,997 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $30.00, for a total value of $89,910.00. Following the completion of the transaction, the vice president now directly owns 193,139 shares of the company’s stock, valued at $5,794,170. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Eric I. Cohen also recently made the following trade(s):

  • On Thursday, November 10th, Eric I. Cohen sold 9,749 shares of Terex Corp. stock. The shares were sold at an average price of $26.44, for a total value of $257,763.56.

Terex Corp. (NYSE:TEX) opened at 29.72 on Wednesday. The company has a market cap of $3.15 billion, a PE ratio of 30.26 and a beta of 2.34. The company has a 50-day moving average price of $25.73 and a 200-day moving average price of $23.67. Terex Corp. has a 1-year low of $13.62 and a 1-year high of $31.44.

Terex Corp. (NYSE:TEX) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by $0.03. The company earned $1.06 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Terex Corp. had a return on equity of 7.39% and a net margin of 2.01%. The firm’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 earned $0.44 EPS. On average, analysts expect that Terex Corp. will post $0.77 EPS 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. Stockholders 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 dividend yield of 0.94%. Terex Corp.’s dividend payout ratio (DPR) is presently 28.57%.

WARNING: “Eric I. Cohen Sells 2,997 Shares of Terex Corp. (TEX) Stock” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another domain, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this story can be viewed at https://www.thecerbatgem.com/2016/11/30/eric-i-cohen-sells-2997-shares-of-terex-corp-tex-stock.html.

Several hedge funds have recently bought and sold shares of the company. IBM Retirement Fund increased its stake in 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 period. Northwestern Mutual Investment Management Company LLC increased its stake in Terex Corp. by 0.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 18,852 shares of the company’s stock worth $383,000 after buying an additional 116 shares during the period. Creative Planning increased its stake in Terex Corp. by 3.1% in the third quarter. Creative Planning now owns 8,864 shares of the company’s stock worth $225,000 after buying an additional 264 shares during the period. PNC Financial Services Group Inc. increased its stake in Terex Corp. by 3.8% in the second quarter. PNC Financial Services Group Inc. now owns 8,875 shares of the company’s stock worth $182,000 after buying an additional 323 shares during the period. Finally, Farmers & Merchants Investments Inc. increased its stake in 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 period. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Several research firms have recently issued reports on TEX. Zacks Investment Research raised Terex Corp. from a “strong sell” rating to a “hold” rating in a report on Monday, September 12th. Clsa Americas lowered Terex Corp. from a “buy” rating to an “underperform” rating in a report on Friday, November 18th. CLSA lowered Terex Corp. from a “buy” rating to an “underperform” rating in a report on Friday, November 18th. Stifel Nicolaus set a $29.00 price objective on Terex Corp. and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Finally, Barclays PLC downgraded Terex Corp. from an “equal weight” rating to an “underweight” rating and set a $20.00 price objective on the stock. in a research note on Monday, October 24th. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average 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.

5 Day Chart for NYSE:TEX

Receive News & Stock Ratings for Terex Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terex Corp. and related stocks with our FREE daily email newsletter.