Insider Buying: Terex Co. (TEX) Insider Buys 263 Shares of Stock

Terex Co. (NYSE:TEX) insider John D. Sheehan purchased 263 shares of the stock in a transaction on Monday, January 8th. The stock was acquired at an average cost of $47.46 per share, for a total transaction of $12,481.98. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

John D. Sheehan also recently made the following trade(s):

  • On Monday, November 6th, John D. Sheehan bought 273 shares of Terex stock. The stock was purchased at an average cost of $45.73 per share, for a total transaction of $12,484.29.

Shares of Terex Co. (NYSE TEX) traded up $0.93 during trading hours on Friday, reaching $49.79. 714,248 shares of the company’s stock were exchanged, compared to its average volume of 650,570. Terex Co. has a 12-month low of $28.67 and a 12-month high of $49.90. The company has a current ratio of 2.42, a quick ratio of 1.53 and a debt-to-equity ratio of 0.71. The company has a market cap of $4,109.13, a price-to-earnings ratio of -57.90, a P/E/G ratio of 1.94 and a beta of 1.89.

Terex (NYSE:TEX) last issued its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.14. Terex had a negative net margin of 2.62% and a positive return on equity of 7.01%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the firm earned $0.19 EPS. The company’s revenue was up 5.2% on a year-over-year basis. analysts expect that Terex Co. will post 1.29 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its position in Terex by 4.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,825 shares of the industrial products company’s stock valued at $220,000 after purchasing an additional 262 shares during the period. Riverhead Capital Management LLC lifted its position in Terex by 3.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 16,758 shares of the industrial products company’s stock valued at $628,000 after purchasing an additional 558 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its position in Terex by 3.3% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 18,852 shares of the industrial products company’s stock valued at $383,000 after purchasing an additional 602 shares during the period. Flinton Capital Management LLC lifted its position in Terex by 3.7% during the 2nd quarter. Flinton Capital Management LLC now owns 17,068 shares of the industrial products company’s stock valued at $640,000 after purchasing an additional 612 shares during the period. Finally, Sei Investments Co. lifted its position in Terex by 19.5% during the 2nd quarter. Sei Investments Co. now owns 3,800 shares of the industrial products company’s stock valued at $142,000 after purchasing an additional 619 shares during the period. Institutional investors own 96.86% of the company’s stock.

TEX has been the topic of several analyst reports. Wells Fargo & Co set a $52.00 target price on shares of Terex and gave the stock a “buy” rating in a report on Monday, October 16th. UBS Group set a $52.00 target price on shares of Terex and gave the stock a “buy” rating in a report on Wednesday, October 11th. OTR Global raised shares of Terex to a “positive” rating in a report on Tuesday, December 5th. Citigroup upped their target price on shares of Terex from $39.00 to $49.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. Finally, Zacks Investment Research lowered shares of Terex from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Terex currently has a consensus rating of “Hold” and an average price target of $44.71.

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About Terex

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.

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

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