Terex Co. (NYSE:TEX) insider Kevin A. Barr sold 9,112 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $28.55, for a total transaction of $260,147.60. Following the completion of the transaction, the insider now owns 99,129 shares of the company’s stock, valued at $2,830,132.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Kevin A. Barr also recently made the following trade(s):

  • On Friday, October 11th, Kevin A. Barr bought 14 shares of Terex stock. The stock was purchased at an average price of $25.14 per share, with a total value of $351.96.

TEX stock opened at $28.87 on Friday. The stock has a market cap of $2.16 billion, a P/E ratio of 10.65, a P/E/G ratio of 1.51 and a beta of 1.77. The firm has a 50 day simple moving average of $26.93 and a 200 day simple moving average of $28.09. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.28 and a current ratio of 2.21. Terex Co. has a 52 week low of $22.84 and a 52 week high of $38.57.

Terex (NYSE:TEX) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.01). The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.11 billion. Terex had a negative net margin of 0.07% and a positive return on equity of 29.17%. Terex’s revenue was down 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.08 EPS. Sell-side analysts predict that Terex Co. will post 3.08 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Thursday, November 7th. Terex’s payout ratio is presently 16.24%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Hong Kong Ltd bought a new position in Terex during the second quarter valued at approximately $72,000. Pearl River Capital LLC bought a new position in shares of Terex in the second quarter valued at approximately $83,000. Tower Research Capital LLC TRC raised its position in shares of Terex by 114.2% in the third quarter. Tower Research Capital LLC TRC now owns 3,187 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 1,699 shares during the period. Investors Research Corp raised its position in shares of Terex by 16.2% in the second quarter. Investors Research Corp now owns 4,300 shares of the industrial products company’s stock valued at $135,000 after purchasing an additional 600 shares during the period. Finally, First Mercantile Trust Co. raised its position in shares of Terex by 32.1% in the second quarter. First Mercantile Trust Co. now owns 4,610 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 1,120 shares during the period. 88.97% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have commented on the stock. Royal Bank of Canada set a $35.00 target price on shares of Terex and gave the stock a “hold” rating in a report on Wednesday, July 31st. Citigroup cut shares of Terex from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $27.00 to $24.00 in a report on Tuesday, October 15th. Bank of America decreased their price target on shares of Terex from $27.00 to $22.00 and set an “underperform” rating for the company in a report on Wednesday, September 25th. Barclays cut shares of Terex from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $33.00 to $20.00 in a report on Friday, October 11th. Finally, UBS Group decreased their price target on shares of Terex from $34.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $30.21.

Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide. The company operates through three segments: Aerial Work Platforms (AWP), Cranes, and Material Processing (MP). The AWP segment engages in the design, manufacture, service, and market of AWP equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brands to construct and maintain industrial, commercial, and residential buildings and facilities, and for other commercial operations, as well as used in infrastructure projects.

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

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