Terex Co. (NYSE:TEX) insider John D. Sheehan bought 263 shares of Terex stock in a transaction that occurred on Monday, January 8th. The stock was purchased at an average cost of $47.46 per share, with a total value of $12,481.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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.
Terex Co. (NYSE:TEX) traded down $1.77 during midday trading on Friday, hitting $45.25. The stock had a trading volume of 1,329,000 shares, compared to its average volume of 840,062. The company has a quick ratio of 1.53, a current ratio of 2.42 and a debt-to-equity ratio of 0.71. The company has a market cap of $3,810.00, a P/E ratio of -23.57, a P/E/G ratio of 1.85 and a beta of 1.71. Terex Co. has a 52-week low of $28.67 and a 52-week high of $50.17.
A number of brokerages have issued reports on TEX. ValuEngine lowered shares of Terex from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of Terex from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Wednesday, October 11th. Bank of America cut their price objective on shares of Terex from $42.00 to $40.00 and set an “underperform” rating for the company in a report on Wednesday, November 8th. KeyCorp reaffirmed a “hold” rating on shares of Terex in a report on Wednesday, November 1st. Finally, Barclays began coverage on shares of Terex in a report on Tuesday, December 12th. They set an “equal weight” rating and a $50.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Terex currently has an average rating of “Hold” and an average target price of $44.71.
Several hedge funds and other institutional investors have recently bought and sold shares of TEX. JPMorgan Chase & Co. boosted its position in shares of Terex by 1,197.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,759,927 shares of the industrial products company’s stock valued at $65,999,000 after acquiring an additional 1,624,263 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Terex by 51.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 3,624,339 shares of the industrial products company’s stock valued at $135,913,000 after acquiring an additional 1,224,422 shares during the last quarter. Systematic Financial Management LP bought a new position in shares of Terex during the 3rd quarter valued at approximately $42,612,000. Prudential Financial Inc. boosted its position in shares of Terex by 208.0% during the 3rd quarter. Prudential Financial Inc. now owns 835,582 shares of the industrial products company’s stock valued at $37,618,000 after acquiring an additional 564,300 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its position in shares of Terex by 2,299.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 477,970 shares of the industrial products company’s stock valued at $17,924,000 after acquiring an additional 458,050 shares during the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.
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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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