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

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

Terex Trading Down 2.2 %

Shares of TEX opened at $49.55 on Monday. The firm has a market cap of $3.31 billion, a P/E ratio of 7.23, a price-to-earnings-growth ratio of 4.00 and a beta of 1.53. Terex Co. has a fifty-two week low of $48.11 and a fifty-two week 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 business has a 50-day moving average of $53.61 and a 200 day moving average of $54.57.

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

Terex Announces Dividend

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

Wall Street Analysts Forecast Growth

TEX has been the topic of several recent analyst reports. Evercore ISI dropped 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. JPMorgan Chase & Co. dropped their price target on Terex from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. Citigroup reduced their price objective on Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a research note on Monday, September 23rd. Truist Financial lifted their target price on Terex from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group reduced their price target on shares of Terex from $72.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $59.56.

Hedge Funds Weigh In On Terex

A number of large investors have recently made changes to their positions in TEX. Blue Trust Inc. raised its stake in shares of Terex by 57.5% during the 2nd quarter. Blue Trust Inc. now owns 512 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 187 shares during the period. GAMMA Investing LLC increased its position in shares of Terex by 83.3% during the third quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock valued at $39,000 after buying an additional 335 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Terex in the third quarter worth about $40,000. Truvestments Capital LLC bought a new position in shares of Terex in the third quarter valued at approximately $41,000. Finally, Farther Finance Advisors LLC grew its stake in Terex by 74.6% during the third quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 504 shares in the last quarter. 92.88% of the stock is owned by institutional investors.

About Terex

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.