Terex Corporation (NYSE:TEX) VP Mark I. Clair sold 4,880 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $40.00, for a total value of $195,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Terex Corporation (NYSE:TEX) traded up 4.207% during trading on Tuesday, reaching $41.735. The company’s stock had a trading volume of 1,439,531 shares. The company’s market capitalization is $3.73 billion. Terex Corporation has a 52 week low of $21.88 and a 52 week high of $41.89. The company has a 50 day moving average price of $38.51 and a 200-day moving average price of $34.84.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Wednesday, August 9th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.80%. The ex-dividend date is Monday, August 7th. Terex Corporation’s payout ratio is -50.79%.

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

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TEX has been the subject of a number of recent analyst reports. TheStreet upgraded Terex Corporation from a “c” rating to a “b” rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded Terex Corporation from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Thursday, July 13th. Credit Suisse Group set a $45.00 price objective on Terex Corporation and gave the company a “buy” rating in a research report on Monday, June 26th. UBS AG restated a “buy” rating and issued a $44.00 price objective (up from $40.00) on shares of Terex Corporation in a research report on Tuesday, August 8th. Finally, Deutsche Bank AG set a $44.00 price objective on Terex Corporation and gave the company a “buy” rating in a research report on Thursday, August 3rd. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Terex Corporation has a consensus rating of “Hold” and an average target price of $36.63.

A number of institutional investors have recently added to or reduced their stakes in TEX. Bank of Montreal Can increased its position in Terex Corporation by 1.5% during the first quarter. Bank of Montreal Can now owns 46,148 shares of the industrial products company’s stock worth $1,448,000 after buying an additional 661 shares in the last quarter. Nationwide Fund Advisors increased its position in Terex Corporation by 6.7% during the first quarter. Nationwide Fund Advisors now owns 198,832 shares of the industrial products company’s stock worth $6,243,000 after buying an additional 12,487 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in Terex Corporation by 1.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 37,491 shares of the industrial products company’s stock worth $1,177,000 after buying an additional 500 shares in the last quarter. Wells Fargo & Company MN increased its position in Terex Corporation by 6.5% during the first quarter. Wells Fargo & Company MN now owns 427,548 shares of the industrial products company’s stock worth $13,425,000 after buying an additional 25,980 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in Terex Corporation by 32.5% during the first quarter. Canada Pension Plan Investment Board now owns 96,300 shares of the industrial products company’s stock worth $3,024,000 after buying an additional 23,600 shares in the last quarter. 97.40% of the stock is owned by 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)

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