Terex Corporation (NYSE:TEX) insider Kevin A. Barr sold 15,000 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $38.92, for a total transaction of $583,800.00. Following the transaction, the insider now owns 143,304 shares in the company, valued at $5,577,391.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Terex Corporation (NYSE TEX) traded down 0.48% during trading on Friday, reaching $37.53. 1,524,861 shares of the company’s stock traded hands. The company’s market capitalization is $3.36 billion. Terex Corporation has a 12 month low of $21.88 and a 12 month high of $40.24. The firm’s 50 day moving average is $38.35 and its 200-day moving average is $34.12.

Terex Corporation (NYSE:TEX) last released its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.09. Terex Corporation had a positive return on equity of 4.98% and a negative net margin of 1.76%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the business posted $0.64 earnings per share. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. Analysts expect that Terex Corporation will post $1.15 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Wednesday, August 9th will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, August 7th. This represents a $0.32 annualized dividend and a yield of 0.85%. Terex Corporation’s dividend payout ratio is currently -50.79%.

Terex Corporation announced that its Board of Directors has authorized a stock buyback program on Tuesday, May 30th that permits the company to buyback $280.00 million in shares. This buyback authorization permits the industrial products company to repurchase up to 8.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

COPYRIGHT VIOLATION NOTICE: This report was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/08/19/insider-selling-terex-corporation-nysetex-insider-sells-15000-shares-of-stock-updated.html.

A number of brokerages have weighed in on TEX. UBS AG reissued a “buy” rating and set a $44.00 target price (up from $40.00) on shares of Terex Corporation in a report on Tuesday, August 8th. BMO Capital Markets reissued a “hold” rating and set a $35.00 target price on shares of Terex Corporation in a report on Thursday, July 20th. Zacks Investment Research raised shares of Terex Corporation from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Thursday, July 13th. TheStreet raised shares of Terex Corporation from a “c” rating to a “b” rating in a report on Tuesday, August 1st. Finally, Deutsche Bank AG set a $44.00 target price on shares of Terex Corporation and gave the stock a “buy” rating in a report on Thursday, August 3rd. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $36.63.

A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Terex Corporation by 11,851.5% in the first quarter. BlackRock Inc. now owns 8,449,356 shares of the industrial products company’s stock valued at $265,310,000 after buying an additional 8,378,659 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Terex Corporation by 0.3% in the first quarter. Vanguard Group Inc. now owns 7,999,378 shares of the industrial products company’s stock valued at $251,180,000 after buying an additional 22,797 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Terex Corporation by 17.1% in the first quarter. Dimensional Fund Advisors LP now owns 6,444,169 shares of the industrial products company’s stock valued at $202,346,000 after buying an additional 943,237 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Terex Corporation by 51.0% in the second quarter. TIAA CREF Investment Management LLC now owns 3,624,339 shares of the industrial products company’s stock valued at $135,913,000 after buying an additional 1,224,422 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Terex Corporation by 6.6% in the second quarter. Alliancebernstein L.P. now owns 3,298,490 shares of the industrial products company’s stock valued at $123,693,000 after buying an additional 202,899 shares in the last quarter. 99.28% of the stock is owned by hedge funds and other institutional investors.

About Terex Corporation

Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.

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

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