Terex Co. (NYSE:TEX) Director Purchases $513,000.00 in Stock

Terex Co. (NYSE:TEX) Director David A. Sachs purchased 10,000 shares of Terex stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of $51.30 per share, with a total value of $513,000.00. Following the completion of the acquisition, the director now directly owns 107,500 shares in the company, valued at approximately $5,514,750. This trade represents a 10.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Terex Stock Down 2.2 %

TEX stock opened at $49.55 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.16. Terex Co. has a 12 month low of $48.11 and a 12 month high of $68.08. The firm has a market capitalization of $3.31 billion, a PE ratio of 7.23, a P/E/G ratio of 4.00 and a beta of 1.53. The company’s 50 day simple moving average is $53.61 and its 200-day simple moving average is $54.59.

Terex (NYSE:TEX) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. Terex had a return on equity of 24.92% and a net margin of 9.08%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the firm earned $1.75 EPS. Terex’s quarterly revenue was down 6.0% on a year-over-year basis. Equities analysts expect that Terex Co. will post 6.07 earnings per share for the current fiscal year.

Terex Announces Dividend

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

Analysts Set New Price Targets

Several research firms have issued reports on TEX. JPMorgan Chase & Co. cut their price objective on Terex from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. The Goldman Sachs Group reduced their price objective on shares of Terex from $72.00 to $62.00 and set a “neutral” rating for the company in a research note on Friday, September 20th. Evercore ISI lowered their target price on shares of Terex from $67.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Citigroup dropped their target price on shares of Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a report on Monday, September 23rd. Finally, Truist Financial boosted their price target on Terex from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $59.56.

Institutional Investors Weigh In On Terex

Several hedge funds have recently modified their holdings of the company. Franklin Resources Inc. lifted its stake in shares of Terex by 1.0% during the third quarter. Franklin Resources Inc. now owns 81,450 shares of the industrial products company’s stock valued at $4,512,000 after buying an additional 795 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Terex in the 3rd quarter valued at $40,000. Sanctuary Advisors LLC lifted its stake in shares of Terex by 7.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,610 shares of the industrial products company’s stock worth $571,000 after purchasing an additional 717 shares during the period. Virtu Financial LLC acquired a new stake in shares of Terex during the third quarter worth $704,000. Finally, Invst LLC purchased a new stake in shares of Terex in the third quarter valued at $206,000. 92.88% of the stock is owned by institutional investors and hedge funds.

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.