David A. Sachs Purchases 20,000 Shares of Terex Co. (NYSE:TEX) Stock

Terex Co. (NYSE:TEXGet Free Report) Director David A. Sachs bought 20,000 shares of the stock in a transaction on Friday, December 13th. The shares were acquired at an average cost of $49.75 per share, for a total transaction of $995,000.00. Following the purchase, the director now owns 137,500 shares in the company, valued at approximately $6,840,625. This represents a 17.02 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Terex Stock Down 3.2 %

Shares of TEX stock opened at $45.78 on Thursday. Terex Co. has a twelve month low of $45.22 and a twelve month high of $68.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 2.39. The stock’s 50 day simple moving average is $53.26 and its 200 day simple moving average is $54.34. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 6.68, a PEG ratio of 4.00 and a beta of 1.53.

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

Terex Dividend Announcement

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 $0.17 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.68 annualized dividend and a dividend yield of 1.49%. Terex’s dividend payout ratio is presently 9.93%.

Institutional Trading of Terex

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its position in shares of Terex by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,812,383 shares of the industrial products company’s stock valued at $154,224,000 after acquiring an additional 109,885 shares during the period. AQR Capital Management LLC boosted its holdings in Terex by 18.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,837,563 shares of the industrial products company’s stock valued at $99,045,000 after purchasing an additional 285,750 shares during the period. Geode Capital Management LLC grew its position in Terex by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,596,070 shares of the industrial products company’s stock worth $84,463,000 after purchasing an additional 8,624 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Terex by 25.6% during the 2nd quarter. American Century Companies Inc. now owns 1,322,729 shares of the industrial products company’s stock worth $72,538,000 after purchasing an additional 269,777 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Terex by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 790,118 shares of the industrial products company’s stock valued at $43,330,000 after buying an additional 26,377 shares during the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Wall Street Analysts Forecast Growth

TEX has been the topic of a number of research analyst reports. Truist Financial boosted their price objective on shares of Terex from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. lowered their price target on shares of Terex from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. Robert W. Baird cut their price objective on Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Citigroup lowered their target price on Terex from $60.00 to $57.00 and set a “neutral” rating on the stock in a research note on Monday, September 23rd. Finally, The Goldman Sachs Group cut their price target on Terex from $72.00 to $62.00 and set a “neutral” rating for the company in a research note on Friday, September 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $59.56.

Get Our Latest Stock Report on TEX

Terex Company Profile

(Get Free Report)

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.

Further Reading

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

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