John D. Sheehan Buys 326 Shares of Terex Corporation (TEX) Stock
Terex Corporation (NYSE:TEX) insider John D. Sheehan bought 326 shares of Terex Corporation stock in a transaction dated Thursday, September 7th. The stock was acquired at an average cost of $38.30 per share, with a total value of $12,485.80. Following the transaction, the insider now owns 114,846 shares of the company’s stock, valued at approximately $4,398,601.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
John D. Sheehan also recently made the following trade(s):
- On Friday, July 7th, John D. Sheehan bought 339 shares of Terex Corporation stock. The stock was acquired at an average cost of $36.84 per share, with a total value of $12,488.76.
Terex Corporation (TEX) opened at 41.73 on Wednesday. The firm’s market cap is $3.73 billion. Terex Corporation has a 1-year low of $21.88 and a 1-year high of $41.89. The stock has a 50 day moving average price of $38.56 and a 200 day moving average price of $34.88.
Terex Corporation (NYSE:TEX) last released its earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share for the quarter, topping the Zacks’ 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 quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS. On average, analysts anticipate that Terex Corporation will post $1.15 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Wednesday, August 9th will be given a $0.08 dividend. The ex-dividend date is Monday, August 7th. This represents a $0.32 dividend on an annualized basis and a yield of 0.77%. Terex Corporation’s payout ratio is -50.79%.
Terex Corporation announced that its board has authorized a share buyback program on Tuesday, May 30th that permits the company to repurchase $280.00 million in shares. This repurchase authorization permits the industrial products company to buy up to 8.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
A number of brokerages have recently issued reports on TEX. BMO Capital Markets reissued a “hold” rating and issued a $35.00 target price on shares of Terex Corporation in a research report on Monday, August 21st. UBS AG reissued a “buy” rating and issued a $44.00 target price (up previously from $40.00) on shares of Terex Corporation in a research report on Tuesday, August 8th. Deutsche Bank AG set a $44.00 target price on shares of Terex Corporation and gave the company a “buy” rating in a research report on Thursday, August 3rd. TheStreet raised shares of Terex Corporation from a “c” rating to a “b” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research raised shares of 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. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Terex Corporation has an average rating of “Hold” and a consensus target price of $36.63.
A number of large investors have recently added to or reduced their stakes in TEX. Sei Investments Co. lifted its position in Terex Corporation by 19.5% in the 2nd quarter. Sei Investments Co. now owns 3,800 shares of the industrial products company’s stock worth $142,000 after buying an additional 619 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Terex Corporation by 7.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,563 shares of the industrial products company’s stock worth $175,000 after buying an additional 403 shares during the last quarter. US Bancorp DE lifted its position in Terex Corporation by 9.3% in the 1st quarter. US Bancorp DE now owns 5,989 shares of the industrial products company’s stock worth $188,000 after buying an additional 510 shares during the last quarter. Clear Perspective Advisors LLC bought a new stake in Terex Corporation in the 2nd quarter worth approximately $198,000. Finally, National Planning Corp bought a new stake in Terex Corporation in the 2nd quarter worth approximately $209,000. Institutional investors own 97.40% of the company’s stock.
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.
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