Kieran Hegarty Sells 17,190 Shares of Terex Co. (NYSE:TEX) Stock

Terex Co. (NYSE:TEX) insider Kieran Hegarty sold 17,190 shares of Terex stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $58.26, for a total value of $1,001,489.40. Following the sale, the insider now directly owns 200,029 shares in the company, valued at $11,653,689.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Kieran Hegarty also recently made the following trade(s):

• On Wednesday, March 6th, Kieran Hegarty sold 18,000 shares of Terex stock. The stock was sold at an average price of $56.80, for a total value of $1,022,400.00.

Terex Stock Up 1.3 %

Shares of TEX opened at $60.49 on Wednesday. The company has a market capitalization of $4.07 billion, a P/E ratio of 8.01 and a beta of 1.66. Terex Co. has a one year low of $43.70 and a one year high of $65.89. The business’s 50 day simple moving average is $60.55 and its 200-day simple moving average is $56.61. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.16 and a quick ratio of 1.06.

Terex (NYSE:TEX) last released its quarterly earnings results on Friday, February 9th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.41. Terex had a return on equity of 30.53% and a net margin of 9.87%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the business posted $1.34 earnings per share. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, sell-side analysts predict that Terex Co. will post 7.1 EPS for the current fiscal year.

Terex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were paid a dividend of $0.17 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.12%. Terex’s dividend payout ratio (DPR) is currently 9.01%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. SummerHaven Investment Management LLC increased its stake in shares of Terex by 1.6% in the 4th quarter. SummerHaven Investment Management LLC now owns 11,692 shares of the industrial products company’s stock valued at $672,000 after buying an additional 188 shares during the period. Greenwich Wealth Management LLC increased its position in Terex by 0.3% in the fourth quarter. Greenwich Wealth Management LLC now owns 61,670 shares of the industrial products company’s stock worth $3,544,000 after purchasing an additional 209 shares during the period. Arizona State Retirement System raised its holdings in Terex by 1.1% during the 3rd quarter. Arizona State Retirement System now owns 19,304 shares of the industrial products company’s stock worth $1,112,000 after purchasing an additional 213 shares during the last quarter. QRG Capital Management Inc. lifted its position in Terex by 4.6% during the 4th quarter. QRG Capital Management Inc. now owns 5,332 shares of the industrial products company’s stock valued at $306,000 after purchasing an additional 234 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Terex by 25.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,200 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 244 shares during the last quarter. Institutional investors own 92.88% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Truist Financial started coverage on Terex in a research note on Thursday, March 14th. They issued a “buy” rating and a $73.00 target price for the company. JPMorgan Chase & Co. cut shares of Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price objective for the company. in a research note on Monday, March 18th. Citigroup lifted their target price on shares of Terex from $54.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Evercore ISI dropped their price target on shares of Terex from $65.00 to $63.00 and set an “outperform” rating for the company in a research report on Tuesday, February 20th. Finally, The Goldman Sachs Group raised their price target on shares of Terex from $52.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $65.17.

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.