Terex Co. (NYSE:TEX) VP Eric I. Cohen sold 12,502 shares of the business’s stock in a transaction dated Friday, June 22nd. The stock was sold at an average price of $40.40, for a total transaction of $505,080.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Terex opened at $41.12 on Friday, according to Marketbeat Ratings. Terex Co. has a 12-month low of $35.30 and a 12-month high of $50.17. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.29 and a current ratio of 2.26. The company has a market capitalization of $3.10 billion, a PE ratio of 30.46, a price-to-earnings-growth ratio of 0.67 and a beta of 1.79.
Terex (NYSE:TEX) last posted its quarterly earnings results on Tuesday, May 1st. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.19. Terex had a net margin of 3.98% and a return on equity of 12.83%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the firm posted $0.05 earnings per share. The company’s quarterly revenue was up 25.2% compared to the same quarter last year. research analysts predict that Terex Co. will post 2.9 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 19th. Stockholders of record on Friday, June 8th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Thursday, June 7th. Terex’s dividend payout ratio (DPR) is currently 29.63%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Terex by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 748,507 shares of the industrial products company’s stock valued at $36,093,000 after purchasing an additional 14,017 shares during the period. Allianz Asset Management GmbH bought a new stake in shares of Terex in the fourth quarter valued at approximately $763,000. Shellback Capital LP bought a new stake in shares of Terex in the fourth quarter valued at approximately $4,043,000. Rhumbline Advisers raised its position in shares of Terex by 6.9% in the fourth quarter. Rhumbline Advisers now owns 274,414 shares of the industrial products company’s stock valued at $13,232,000 after purchasing an additional 17,747 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Terex in the first quarter valued at approximately $1,973,000. 98.27% of the stock is currently owned by institutional investors.
TEX has been the topic of several analyst reports. Morgan Stanley initiated coverage on shares of Terex in a report on Friday, March 2nd. They set an “equal weight” rating and a $45.00 price target on the stock. Goldman Sachs Group cut shares of Terex from a “neutral” rating to a “sell” rating in a report on Wednesday, June 13th. Zacks Investment Research cut shares of Terex from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Robert W. Baird cut shares of Terex from an “outperform” rating to a “neutral” rating and set a $42.00 target price on the stock. in a research note on Friday, March 2nd. Finally, Wells Fargo & Co set a $45.00 target price on shares of Terex and gave the company a “buy” rating in a research note on Monday, April 16th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $46.23.
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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