Terex Co. (NYSE:TEX) CEO Simon Meester Sells 9,877 Shares

Terex Co. (NYSE:TEX - Get Free Report) CEO Simon Meester sold 9,877 shares of the firm's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total value of $505,109.78. Following the sale, the chief executive officer now owns 127,858 shares in the company, valued at $6,538,658.12. This trade represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Terex Trading Down 2.2 %

NYSE:TEX traded down $1.09 on Friday, hitting $49.55. The stock had a trading volume of 794,539 shares, compared to its average volume of 801,780. The company has a fifty day moving average price of $53.64 and a two-hundred day moving average price of $54.71. Terex Co. has a 1-year low of $48.11 and a 1-year high of $68.08. The company has a quick ratio of 1.16, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 4.09 and a beta of 1.53.

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

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.68 annualized dividend and a yield of 1.37%. Terex's dividend payout ratio (DPR) is currently 9.93%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. raised its stake in shares of 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 increased its holdings in Terex by 83.3% in the 3rd quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 335 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Terex in the third quarter valued at approximately $40,000. Truvestments Capital LLC acquired a new position in Terex during the third quarter worth $41,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Terex by 74.6% during the third quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company's stock worth $62,000 after buying an additional 504 shares during the period. Institutional investors and hedge funds own 92.88% of the company's stock.

Wall Street Analysts Forecast Growth

TEX has been the topic of several research analyst reports. Citigroup dropped their price objective on Terex from $60.00 to $57.00 and set a "neutral" rating on the stock in a report on Monday, September 23rd. Evercore ISI lowered their price objective on Terex from $67.00 to $59.00 and set an "outperform" rating on the stock in a report on Monday, August 19th. Robert W. Baird reduced their target price on Terex from $65.00 to $55.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. lowered their price target on Terex from $65.00 to $62.00 and set a "neutral" rating on the stock in a research note on Monday, October 14th. Finally, Truist Financial increased their price objective on Terex from $62.00 to $65.00 and gave the company a "buy" rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $59.56.

Terex Company Profile

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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