Terex Co. (NYSE:TEX) Director Buys $995,000.00 in Stock

Terex Co. (NYSE:TEX - Get Free Report) Director David A. Sachs purchased 20,000 shares of the stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $49.75 per share, with a total value of $995,000.00. Following the acquisition, the director now owns 137,500 shares in the company, valued at approximately $6,840,625. The trade was a 17.02 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Terex Trading Down 1.8 %

Shares of NYSE TEX traded down $0.86 during mid-day trading on Tuesday, reaching $47.28. The company had a trading volume of 1,155,118 shares, compared to its average volume of 805,287. The company has a current ratio of 2.39, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. Terex Co. has a 52 week low of $46.90 and a 52 week high of $68.08. The business's 50-day moving average is $53.41 and its 200-day moving average is $54.40. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 6.90, a price-to-earnings-growth ratio of 4.00 and a beta of 1.53.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.31 by $0.15. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.16 billion. Terex had a net margin of 9.08% and a return on equity of 24.92%. The company's quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.75 earnings per share. Equities analysts expect that Terex Co. will post 6.07 earnings per share for the current year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Friday, November 8th. Terex's dividend payout ratio is presently 9.93%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Evercore ISI dropped their price objective on Terex from $67.00 to $59.00 and set an "outperform" rating on the stock in a research note on Monday, August 19th. JPMorgan Chase & Co. dropped their price objective on Terex from $65.00 to $62.00 and set a "neutral" rating on the stock in a research note on Monday, October 14th. Robert W. Baird lowered their target price on Terex from $65.00 to $55.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. Truist Financial lifted their target price on Terex from $62.00 to $65.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Finally, Citigroup lowered their price objective on Terex from $60.00 to $57.00 and set a "neutral" rating on the stock in a research note on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $59.56.

Hedge Funds Weigh In On Terex

A number of institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew its stake in Terex by 57.5% in the 2nd quarter. Blue Trust Inc. now owns 512 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 187 shares during the period. GAMMA Investing LLC raised its holdings in shares of Terex by 83.3% during the 3rd quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company's stock worth $39,000 after acquiring an additional 335 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Terex during the 3rd quarter worth $40,000. Truvestments Capital LLC purchased a new position in shares of Terex during the 3rd quarter worth $41,000. Finally, Farther Finance Advisors LLC raised its holdings in Terex by 74.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company's stock valued at $62,000 after buying an additional 504 shares during the period. 92.88% of the stock is owned by hedge funds and other 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.