David A. Sachs Purchases 10,000 Shares of Terex Co. (NYSE:TEX) Stock

Terex Co. (NYSE:TEX) Director David A. Sachs acquired 10,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were bought at an average cost of $51.30 per share, with a total value of $513,000.00. Following the completion of the transaction, the director now owns 107,500 shares of the company’s stock, valued at approximately $5,514,750. This represents a 10.26 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Terex Stock Down 2.2 %

Terex stock opened at $49.55 on Friday. The stock has a 50-day simple moving average of $53.61 and a 200-day simple moving average of $54.59. The company has a market capitalization of $3.31 billion, a P/E ratio of 7.23, a PEG ratio of 4.00 and a beta of 1.53. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 2.39. Terex Co. has a fifty-two week low of $48.11 and a fifty-two week high of $68.08.

Terex (NYSE:TEX) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.75 earnings per share. Equities research analysts expect that Terex Co. will post 6.07 earnings per share for the current year.

Terex Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 1.37%. The ex-dividend date is Friday, November 8th. Terex’s payout ratio is currently 9.93%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TEX. Greenwich Wealth Management LLC boosted its stake in shares of Terex by 0.3% during the third quarter. Greenwich Wealth Management LLC now owns 62,371 shares of the industrial products company’s stock worth $3,300,000 after buying an additional 181 shares during the period. Dorsey Wright & Associates lifted its position in Terex by 0.3% during the 2nd quarter. Dorsey Wright & Associates now owns 61,309 shares of the industrial products company’s stock worth $3,362,000 after acquiring an additional 186 shares during the period. Blue Trust Inc. grew 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 purchasing an additional 187 shares during the last quarter. US Bancorp DE increased its holdings in shares of Terex by 4.0% in the third quarter. US Bancorp DE now owns 5,837 shares of the industrial products company’s stock valued at $309,000 after purchasing an additional 227 shares during the period. Finally, Lingohr Asset Management GmbH raised its stake in shares of Terex by 2.0% during the third quarter. Lingohr Asset Management GmbH now owns 11,516 shares of the industrial products company’s stock worth $607,000 after purchasing an additional 230 shares during the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TEX has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Terex from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Monday, October 14th. The Goldman Sachs Group lowered their target price on shares of Terex from $72.00 to $62.00 and set a “neutral” rating for the company in a research note on Friday, September 20th. Citigroup cut their price target on Terex from $60.00 to $57.00 and set a “neutral” rating on the stock in a research note on Monday, September 23rd. Evercore ISI lowered their price objective on Terex from $67.00 to $59.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Finally, Robert W. Baird dropped their price objective on Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $59.56.

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.