Terex Co. (NYSE:TEX) CAO Sells $200,818.00 in Stock

Terex Co. (NYSE:TEX) CAO Stephen Johnston sold 3,239 shares of Terex stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $62.00, for a total value of $200,818.00. Following the sale, the chief accounting officer now owns 14,606 shares of the company’s stock, valued at $905,572. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Terex Price Performance

Terex stock opened at $60.98 on Friday. Terex Co. has a 12-month low of $43.70 and a 12-month high of $65.89. The company has a quick ratio of 1.06, a current ratio of 2.16 and a debt-to-equity ratio of 0.42. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 8.08 and a beta of 1.66. The business’s 50-day simple moving average is $61.54 and its 200 day simple moving average is $57.78.

Terex (NYSE:TEX) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.23. Terex had a net margin of 9.87% and a return on equity of 30.53%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.23 billion. As a group, research analysts anticipate that Terex Co. will post 7.09 earnings per share for the current year.

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be given a $0.17 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.12%. Terex’s payout ratio is 9.01%.

Analyst Ratings Changes

TEX has been the topic of several analyst reports. JPMorgan Chase & Co. downgraded Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price target on the stock. in a report on Monday, March 18th. Evercore ISI lowered their price objective on shares of Terex from $65.00 to $63.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 20th. UBS Group upped their target price on shares of Terex from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday. Citigroup raised their price objective on Terex from $54.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Finally, Truist Financial started coverage on Terex in a research note on Thursday, March 14th. They issued a “buy” rating and a $73.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $65.33.

Institutional Trading of Terex

Several institutional investors have recently added to or reduced their stakes in TEX. Curated Wealth Partners LLC boosted its stake in shares of Terex by 48.1% in the fourth quarter. Curated Wealth Partners LLC now owns 176,922 shares of the industrial products company’s stock valued at $10,166,000 after buying an additional 57,500 shares during the period. QRG Capital Management Inc. bought a new position in Terex in the 3rd quarter valued at approximately $294,000. International Assets Investment Management LLC increased its stake in shares of Terex by 5,549.8% in the fourth quarter. International Assets Investment Management LLC now owns 128,193 shares of the industrial products company’s stock valued at $7,366,000 after buying an additional 125,924 shares during the period. Trexquant Investment LP increased its stake in shares of Terex by 49.2% in the third quarter. Trexquant Investment LP now owns 64,448 shares of the industrial products company’s stock valued at $3,713,000 after buying an additional 21,257 shares during the period. Finally, Envestnet Portfolio Solutions Inc. bought a new position in Terex during the 3rd quarter worth approximately $302,000. 92.88% of the stock is currently 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.