Terex Corporation (TEX) Insider John D. Sheehan Buys 273 Shares of Stock
Terex Corporation (NYSE:TEX) insider John D. Sheehan bought 273 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average cost of $45.87 per share, with a total value of $12,522.51. Following the completion of the transaction, the insider now directly owns 125,099 shares in the company, valued at $5,738,291.13. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.
John D. Sheehan also recently made the following trade(s):
- On Monday, November 6th, John D. Sheehan bought 273 shares of Terex stock. The stock was purchased at an average cost of $45.73 per share, with a total value of $12,484.29.
Shares of Terex Corporation (TEX) traded up $0.41 on Friday, reaching $46.32. The company’s stock had a trading volume of 749,711 shares, compared to its average volume of 1,260,027. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.42 and a quick ratio of 1.53. The company has a market cap of $3,895.51, a price-to-earnings ratio of 40.99, a P/E/G ratio of 3.20 and a beta of 1.88. Terex Corporation has a 1 year low of $28.67 and a 1 year high of $48.86.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Thursday, November 9th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Wednesday, November 8th. Terex’s dividend payout ratio is currently -37.21%.
Terex announced that its Board of Directors has approved a share repurchase program on Wednesday, September 6th that authorizes the company to buyback $225.00 million in shares. This buyback authorization authorizes the industrial products company to purchase up to 6.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
A number of analysts recently commented on the company. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $38.00 target price on shares of Terex in a research report on Wednesday, September 13th. BMO Capital Markets reaffirmed a “hold” rating and issued a $35.00 target price on shares of Terex in a research report on Monday, August 21st. ValuEngine lowered Terex from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. OTR Global lowered Terex to a “positive” rating in a research report on Wednesday, September 13th. Finally, Zacks Investment Research lowered Terex from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Terex has a consensus rating of “Hold” and an average price target of $41.93.
A number of institutional investors and hedge funds have recently modified their holdings of TEX. Sei Investments Co. grew its holdings in shares of Terex by 19.5% in the second quarter. Sei Investments Co. now owns 3,800 shares of the industrial products company’s stock valued at $142,000 after acquiring an additional 619 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Terex by 450.2% in the third quarter. Pacer Advisors Inc. now owns 4,446 shares of the industrial products company’s stock valued at $200,000 after acquiring an additional 3,638 shares in the last quarter. Invictus RG grew its holdings in shares of Terex by 95.4% in the third quarter. Invictus RG now owns 4,618 shares of the industrial products company’s stock valued at $208,000 after acquiring an additional 2,255 shares in the last quarter. Clear Perspective Advisors LLC bought a new position in shares of Terex in the second quarter valued at approximately $198,000. Finally, CIBC World Markets Inc. bought a new position in shares of Terex in the second quarter valued at approximately $210,000. 96.87% of the stock is owned by hedge funds and other institutional investors.
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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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