Terex Co. (NYSE:TEX) Director David A. Sachs Buys 10,000 Shares

Terex Co. (NYSE:TEX) Director David A. Sachs bought 10,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were acquired at an average cost of $51.30 per share, for a total transaction of $513,000.00. Following the completion of the acquisition, the director now directly owns 107,500 shares of the company’s stock, valued at $5,514,750. This trade represents a 10.26 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Terex Trading Down 2.2 %

Shares of TEX traded down $1.09 during midday trading on Friday, hitting $49.55. The stock had a trading volume of 794,539 shares, compared to its average volume of 801,780. The company has a current ratio of 2.39, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. The firm has a market cap of $3.31 billion, a P/E ratio of 7.39, a price-to-earnings-growth ratio of 4.09 and a beta of 1.53. The business has a 50-day simple moving average of $53.64 and a two-hundred day simple moving average of $54.71. Terex Co. has a fifty-two week low of $48.11 and a fifty-two week high of $68.08.

Terex (NYSE:TEX) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.31 by $0.15. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Terex had a net margin of 9.08% and a return on equity of 24.92%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period last year, the company posted $1.75 earnings per share. As a group, equities analysts forecast that Terex Co. will post 6.07 EPS for the current year.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Friday, November 8th. Terex’s dividend payout ratio (DPR) is presently 9.93%.

Institutional Trading of Terex

A number of institutional investors have recently added to or reduced their stakes in TEX. Blue Trust Inc. lifted its stake in shares of Terex by 57.5% in the second quarter. Blue Trust Inc. now owns 512 shares of the industrial products company’s stock worth $28,000 after buying an additional 187 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Terex by 83.3% in the third quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock worth $39,000 after buying an additional 335 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Terex in the third quarter worth $40,000. Truvestments Capital LLC acquired a new stake in shares of Terex in the third quarter worth $41,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Terex by 74.6% in the third quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock worth $62,000 after buying an additional 504 shares during the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. The Goldman Sachs Group dropped their target price on shares of Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, September 20th. Evercore ISI dropped their price objective on shares of Terex from $67.00 to $59.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Citigroup dropped their price objective on shares of Terex from $60.00 to $57.00 and set a “neutral” rating on the stock in a report on Monday, September 23rd. Robert W. Baird dropped their price objective on shares of Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, Truist Financial increased their price objective on shares of Terex from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $59.56.

Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.