Terex Co. (TEX) Insider John D. Sheehan Acquires 439 Shares of Stock

Terex Co. (NYSE:TEX) insider John D. Sheehan acquired 439 shares of the firm’s stock in a transaction on Wednesday, January 9th. The stock was bought at an average price of $29.05 per share, with a total value of $12,752.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

NYSE TEX opened at $29.70 on Friday. The stock has a market cap of $2.14 billion, a P/E ratio of 22.00, a PEG ratio of 0.23 and a beta of 1.59. Terex Co. has a 52-week low of $25.47 and a 52-week high of $50.17. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.22 and a quick ratio of 1.14.

Terex (NYSE:TEX) last posted its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.07). The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Terex had a return on equity of 18.86% and a net margin of 2.42%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 earnings per share. As a group, sell-side analysts predict that Terex Co. will post 2.65 EPS for the current fiscal year.



Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James & Associates raised its holdings in Terex by 108.5% during the second quarter. Raymond James & Associates now owns 26,964 shares of the industrial products company’s stock worth $1,138,000 after purchasing an additional 14,029 shares in the last quarter. Commonwealth Bank of Australia purchased a new position in Terex during the third quarter worth about $482,000. Man Group plc raised its holdings in Terex by 104.9% during the third quarter. Man Group plc now owns 279,004 shares of the industrial products company’s stock worth $11,135,000 after purchasing an additional 142,857 shares in the last quarter. Federated Investors Inc. PA raised its holdings in Terex by 11.2% during the third quarter. Federated Investors Inc. PA now owns 49,091 shares of the industrial products company’s stock worth $1,959,000 after purchasing an additional 4,929 shares in the last quarter. Finally, Morgan Stanley raised its holdings in Terex by 2.6% during the second quarter. Morgan Stanley now owns 3,199,629 shares of the industrial products company’s stock worth $134,992,000 after purchasing an additional 80,932 shares in the last quarter. 98.70% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on the stock. Vertical Research cut shares of Terex from a “buy” rating to a “hold” rating in a report on Friday, November 2nd. Citigroup reduced their target price on shares of Terex from $45.00 to $38.00 and set a “neutral” rating for the company in a report on Friday, November 2nd. ValuEngine cut shares of Terex from a “hold” rating to a “sell” rating in a report on Friday, December 7th. Wells Fargo & Co reduced their target price on shares of Terex from $45.00 to $34.00 and set a “hold” rating for the company in a report on Monday, November 5th. Finally, Longbow Research assumed coverage on shares of Terex in a report on Friday, October 12th. They issued a “neutral” rating for the company. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $40.83.

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About Terex

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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