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.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright and trademark laws. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/13/john-d-sheehan-buys-326-shares-of-terex-corporation-tex-stock.html.

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.

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.