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.
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.
COPYRIGHT VIOLATION WARNING: “Terex Co. (TEX) Insider John D. Sheehan Acquires 439 Shares of Stock” was published by Dakota Financial News and is the sole property of of Dakota Financial News. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this news story can be read at https://dakotafinancialnews.com/2019/01/11/terex-co-tex-insider-john-d-sheehan-acquires-439-shares-of-stock.html.
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.
Read More: What Factors Can Affect Return on Equity?
Receive News & Ratings for Terex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terex and related companies with MarketBeat.com's FREE daily email newsletter.