Terex Co. (NYSE:TEX) CEO John L. Garrison, Jr. Sells 50,000 Shares

Terex Co. (NYSE:TEXGet Free Report) CEO John L. Garrison, Jr. sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $64.28, for a total value of $3,214,000.00. Following the sale, the chief executive officer now directly owns 315,483 shares in the company, valued at $20,279,247.24. The sale was disclosed in a filing with the SEC, which is available through this link.

Terex Trading Down 0.2 %

Shares of NYSE:TEX opened at $64.40 on Friday. Terex Co. has a 52-week low of $41.89 and a 52-week high of $65.64. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 0.64 and a beta of 1.62. The company has a quick ratio of 0.95, a current ratio of 2.01 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $59.19 and a 200-day moving average price of $55.45.

Terex (NYSE:TEXGet Free Report) last announced its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.41. Terex had a return on equity of 32.89% and a net margin of 10.06%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the business posted $1.34 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. Equities analysts predict that Terex Co. will post 6.94 EPS for the current year.

Terex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Thursday, March 7th. Terex’s dividend payout ratio is currently 8.96%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TEX. Blue Trust Inc. raised its position in Terex by 179.0% during the fourth quarter. Blue Trust Inc. now owns 466 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 299 shares in the last quarter. Avior Wealth Management LLC raised its position in Terex by 440.7% during the third quarter. Avior Wealth Management LLC now owns 492 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 401 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in Terex during the first quarter valued at approximately $28,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Terex in the fourth quarter valued at approximately $29,000. Finally, ST Germain D J Co. Inc. acquired a new stake in Terex in the second quarter valued at approximately $30,000. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Bank of America reaffirmed an “underperform” rating and set a $57.00 price objective on shares of Terex in a report on Friday, January 19th. Truist Financial initiated coverage on Terex in a report on Thursday, March 14th. They set a “buy” rating and a $73.00 price target on the stock. JPMorgan Chase & Co. lowered 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. Citigroup increased their price target on Terex from $54.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Finally, The Goldman Sachs Group increased their price target on Terex from $52.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $64.21.

Get Our Latest Stock Report on TEX

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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Insider Buying and Selling by Quarter for Terex (NYSE:TEX)

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