Terex Co. (NYSE:TEX) SVP Brian J. Henry sold 5,000 shares of Terex stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $42.98, for a total transaction of $214,900.00. Following the transaction, the senior vice president now owns 330,157 shares in the company, valued at approximately $14,190,147.86. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Brian J. Henry also recently made the following trade(s):
- On Tuesday, May 8th, Brian J. Henry purchased 57 shares of Terex stock. The shares were acquired at an average price of $40.69 per share, for a total transaction of $2,319.33.
- On Monday, April 9th, Brian J. Henry purchased 94 shares of Terex stock. The shares were acquired at an average price of $36.71 per share, for a total transaction of $3,450.74.
Terex traded down $1.09, reaching $40.63, on Friday, according to Marketbeat Ratings. The company had a trading volume of 102,152 shares, compared to its average volume of 1,644,498. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.29 and a current ratio of 2.26. The company has a market cap of $3.18 billion, a P/E ratio of 30.55, a P/E/G ratio of 0.72 and a beta of 1.83. Terex Co. has a 12 month low of $32.48 and a 12 month high of $50.17.
Terex announced that its board has authorized a share repurchase program on Wednesday, February 7th that allows the company to repurchase $325.00 million in outstanding shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 19th. Stockholders of record on Friday, June 8th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.98%. Terex’s dividend payout ratio (DPR) is presently 29.63%.
TEX has been the topic of several analyst reports. Citigroup dropped their price target on shares of Terex from $41.00 to $40.00 and set a “neutral” rating on the stock in a research note on Friday, May 4th. Zacks Investment Research upgraded shares of Terex from a “hold” rating to a “strong-buy” rating and set a $50.00 price target on the stock in a research note on Monday, February 19th. Morgan Stanley lifted their price target on shares of Terex from $45.00 to $46.00 and gave the stock a “hold” rating in a research note on Thursday, May 3rd. Deutsche Bank dropped their price target on shares of Terex from $49.00 to $48.00 and set a “hold” rating on the stock in a research note on Thursday, February 15th. Finally, ValuEngine upgraded shares of Terex from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $45.57.
Several institutional investors have recently bought and sold shares of TEX. Tower Research Capital LLC TRC increased its holdings in shares of Terex by 388.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,550 shares of the industrial products company’s stock worth $123,000 after buying an additional 2,028 shares during the last quarter. Summit Trail Advisors LLC increased its holdings in shares of Terex by 3,247.4% in the 1st quarter. Summit Trail Advisors LLC now owns 159,937 shares of the industrial products company’s stock worth $160,000 after buying an additional 155,159 shares during the last quarter. Landaas & Co. WI ADV increased its holdings in shares of Terex by 602.6% in the 4th quarter. Landaas & Co. WI ADV now owns 3,513 shares of the industrial products company’s stock worth $169,000 after buying an additional 3,013 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Terex in the 1st quarter worth about $184,000. Finally, Investors Research Corp bought a new stake in shares of Terex in the 4th quarter worth about $203,000. Hedge funds and other institutional investors own 98.85% 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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