Terex Co. (NYSE:TEX) insider John D. Sheehan purchased 322 shares of Terex stock in a transaction that occurred on Wednesday, March 7th. The stock was purchased at an average price of $38.82 per share, with a total value of $12,500.04. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.
John D. Sheehan also recently made the following trade(s):
- On Monday, January 8th, John D. Sheehan purchased 263 shares of Terex stock. The stock was purchased at an average price of $47.46 per share, with a total value of $12,481.98.
Terex Co. (NYSE TEX) traded up $1.18 during trading on Friday, reaching $41.06. 1,990,000 shares of the company’s stock traded hands, compared to its average volume of 1,980,000. The firm has a market cap of $3,330.00, a price-to-earnings ratio of 32.59, a PEG ratio of 1.01 and a beta of 1.76. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.80. Terex Co. has a 1 year low of $28.67 and a 1 year high of $50.17.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Friday, March 9th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.97%. The ex-dividend date is Thursday, March 8th. This is a positive change from Terex’s previous quarterly dividend of $0.08. Terex’s dividend payout ratio is currently 31.75%.
Terex declared that its board has authorized a stock buyback plan on Wednesday, February 7th that authorizes the company to repurchase $325.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
A number of institutional investors have recently added to or reduced their stakes in the business. TCW Group Inc. increased its stake in shares of Terex by 0.8% during the 3rd quarter. TCW Group Inc. now owns 2,835,710 shares of the industrial products company’s stock worth $127,664,000 after purchasing an additional 23,301 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Terex by 27.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,241,830 shares of the industrial products company’s stock worth $100,591,000 after purchasing an additional 481,903 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of Terex by 0.5% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,339,560 shares of the industrial products company’s stock worth $64,594,000 after purchasing an additional 6,649 shares during the last quarter. Systematic Financial Management LP increased its stake in shares of Terex by 25.2% during the 4th quarter. Systematic Financial Management LP now owns 1,184,817 shares of the industrial products company’s stock worth $57,132,000 after purchasing an additional 238,302 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake 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 worth $37,618,000 after purchasing an additional 564,300 shares during the last quarter. Hedge funds and other institutional investors own 96.61% of the company’s stock.
TEX has been the subject of several research analyst reports. OTR Global upgraded shares of Terex to a “positive” rating in a research report on Tuesday, December 5th. Zacks Investment Research upgraded shares of Terex from a “hold” rating to a “strong-buy” rating and set a $50.00 price target for the company in a research report on Monday, February 19th. Robert W. Baird restated a “buy” rating and issued a $52.00 price target on shares of Terex in a research report on Thursday, December 21st. TheStreet downgraded shares of Terex from a “b” rating to a “c” rating in a research report on Wednesday, February 14th. Finally, Barclays initiated coverage on shares of Terex in a research report on Tuesday, December 12th. They issued an “equal weight” rating and a $50.00 price target for the company. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $45.27.
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Terex Company Profile
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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