Terex Co. (NYSE:TEX) insider John D. Sheehan purchased 441 shares of the stock in a transaction dated Wednesday, July 10th. The shares were bought at an average cost of $29.66 per share, for a total transaction of $13,080.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Terex stock opened at $30.64 on Friday. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 0.82 and a beta of 1.77. The company has a quick ratio of 1.41, a current ratio of 2.27 and a debt-to-equity ratio of 2.01. The stock has a 50-day simple moving average of $29.00. Terex Co. has a 52 week low of $25.47 and a 52 week high of $45.47.
Terex (NYSE:TEX) last released its earnings results on Tuesday, April 30th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.30. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. Terex had a negative net margin of 0.06% and a positive return on equity of 25.38%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS. As a group, research analysts forecast that Terex Co. will post 4.05 earnings per share for the current fiscal year.
Several equities research analysts recently commented on the stock. TheStreet upgraded shares of Exantas Capital from a “d+” rating to a “c” rating in a research report on Thursday, May 2nd. Bank of America set a $54.00 price objective on shares of Fortis and gave the stock a “buy” rating in a research report on Thursday, May 2nd. UBS Group set a $36.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Morgan Stanley boosted their price objective on shares of Zynga and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Finally, ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. Terex currently has an average rating of “Hold” and a consensus target price of $34.83.
Large investors have recently added to or reduced their stakes in the business. Optimum Investment Advisors purchased a new position in Terex in the 1st quarter valued at about $39,000. NumerixS Investment Technologies Inc purchased a new position in Terex in the 4th quarter valued at about $49,000. Advisors Preferred LLC purchased a new position in Terex in the 1st quarter valued at about $71,000. Investors Research Corp purchased a new position in Terex in the 1st quarter valued at about $119,000. Finally, Dupont Capital Management Corp purchased a new position in Terex in the 1st quarter valued at about $120,000. Institutional investors own 90.80% of the company’s stock.
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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