Terex Co. (NYSE:TEX - Get Free Report) Director Andra Rush purchased 1,325 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $36.96 per share, with a total value of $48,972.00. Following the transaction, the director now directly owns 23,308 shares of the company's stock, valued at approximately $861,463.68. This represents a 6.03 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Terex Stock Performance
TEX stock traded up $0.62 during mid-day trading on Friday, reaching $41.02. The company had a trading volume of 940,270 shares, compared to its average volume of 903,754. Terex Co. has a one year low of $36.15 and a one year high of $68.08. The stock has a market capitalization of $2.72 billion, a P/E ratio of 8.27, a P/E/G ratio of 4.53 and a beta of 1.56. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. The stock's 50-day simple moving average is $45.20 and its two-hundred day simple moving average is $49.98.
Terex (NYSE:TEX - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same period in the prior year, the firm posted $1.88 EPS. Research analysts anticipate that Terex Co. will post 4.83 EPS for the current year.
Terex Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, March 7th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.66%. The ex-dividend date is Friday, March 7th. Terex's dividend payout ratio is currently 13.71%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in TEX. Cascade Investment Advisors Inc. bought a new stake in shares of Terex during the fourth quarter valued at about $1,070,000. Chartwell Investment Partners LLC bought a new stake in shares of Terex during the 3rd quarter worth about $559,000. GSA Capital Partners LLP bought a new stake in shares of Terex during the 3rd quarter worth about $615,000. Barclays PLC lifted its stake in shares of Terex by 40.2% in the 3rd quarter. Barclays PLC now owns 129,250 shares of the industrial products company's stock worth $6,838,000 after acquiring an additional 37,072 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in shares of Terex in the third quarter valued at approximately $4,283,000. Institutional investors and hedge funds own 92.88% of the company's stock.
Analyst Ratings Changes
Several research analysts have weighed in on the stock. Evercore ISI decreased their price objective on shares of Terex from $63.00 to $59.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Citigroup lowered their price objective on Terex from $57.00 to $48.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. Truist Financial cut their price objective on Terex from $65.00 to $58.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. StockNews.com lowered Terex from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. Finally, Barclays dropped their price target on Terex from $60.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $56.11.
View Our Latest Stock Analysis on Terex
Terex Company Profile
(
Get Free Report)
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.
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