Kieran Hegarty Sells 17,190 Shares of Terex Co. (NYSE:TEX) Stock

Terex Co. (NYSE:TEX) insider Kieran Hegarty sold 17,190 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $58.26, for a total transaction of $1,001,489.40. Following the completion of the transaction, the insider now directly owns 200,029 shares in the company, valued at $11,653,689.54. The sale was disclosed in a document filed with the SEC, which is available at this link.

Kieran Hegarty also recently made the following trade(s):

• On Wednesday, March 6th, Kieran Hegarty sold 18,000 shares of Terex stock. The shares were sold at an average price of $56.80, for a total value of $1,022,400.00.

Terex Price Performance

TEX stock opened at $59.45 on Thursday. The firm has a 50-day moving average of $60.61 and a two-hundred day moving average of $56.63. The company has a current ratio of 2.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.42. Terex Co. has a one year low of $43.70 and a one year high of $65.89. The firm has a market capitalization of $4.00 billion, a PE ratio of 7.87 and a beta of 1.66.

Terex (NYSE:TEX) last released its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.41. Terex had a return on equity of 30.53% and a net margin of 9.87%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the firm earned $1.34 earnings per share. The business’s revenue for the quarter was up .4% on a year-over-year basis. On average, analysts forecast that Terex Co. will post 7.1 earnings per share for the current year.

Analysts Set New Price Targets

TEX has been the subject of a number of recent analyst reports. Truist Financial started coverage on shares of Terex in a research report on Thursday, March 14th. They set a “buy” rating and a $73.00 price target for the company. Evercore ISI reduced their target price on Terex from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. Citigroup raised their price objective on shares of Terex from $54.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. The Goldman Sachs Group lifted their price objective on shares of Terex from $52.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, February 13th. Finally, Bank of America reissued an “underperform” rating and set a $57.00 target price on shares of Terex in a research note on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $65.17.

Institutional Trading of Terex

Large investors have recently modified their holdings of the company. Cozad Asset Management Inc. boosted its position in shares of Terex by 7.8% during the 1st quarter. Cozad Asset Management Inc. now owns 32,093 shares of the industrial products company’s stock valued at $2,067,000 after acquiring an additional 2,313 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Terex by 4.6% in the 1st quarter. ProShare Advisors LLC now owns 15,229 shares of the industrial products company’s stock valued at $981,000 after buying an additional 673 shares during the period. Russell Investments Group Ltd. lifted its position in Terex by 11.5% during the 1st quarter. Russell Investments Group Ltd. now owns 316,692 shares of the industrial products company’s stock valued at $20,395,000 after purchasing an additional 32,630 shares during the period. QRG Capital Management Inc. lifted its holdings in Terex by 4.4% in the first quarter. QRG Capital Management Inc. now owns 5,566 shares of the industrial products company’s stock valued at $358,000 after buying an additional 234 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Terex by 1.8% in the 1st quarter. Sei Investments Co. now owns 65,717 shares of the industrial products company’s stock worth $4,232,000 after purchasing an additional 1,185 shares during 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.