John D. Sheehan Purchases 263 Shares of Terex Co. (TEX) Stock

Terex Co. (NYSE:TEX) insider John D. Sheehan bought 263 shares of the stock in a transaction dated Monday, January 8th. The shares were acquired at an average cost of $47.46 per share, for a total transaction of $12,481.98. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

John D. Sheehan also recently made the following trade(s):

  • On Monday, November 6th, John D. Sheehan bought 273 shares of Terex stock. The shares were acquired at an average cost of $45.73 per share, for a total transaction of $12,484.29.

Terex Co. (NYSE TEX) traded up $0.58 during midday trading on Friday, hitting $48.80. 883,314 shares of the company traded hands, compared to its average volume of 763,580. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.42 and a quick ratio of 1.53. The firm has a market cap of $4,055.30, a price-to-earnings ratio of -56.74, a price-to-earnings-growth ratio of 1.92 and a beta of 1.89. Terex Co. has a twelve month low of $28.67 and a twelve month high of $48.92.

Terex (NYSE:TEX) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.14. Terex had a negative net margin of 2.62% and a positive return on equity of 7.01%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business posted $0.19 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. equities research analysts predict that Terex Co. will post 1.29 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. Sei Investments Co. boosted its position in Terex by 19.5% in the second quarter. Sei Investments Co. now owns 3,800 shares of the industrial products company’s stock valued at $142,000 after buying an additional 619 shares in the last quarter. Pacer Advisors Inc. boosted its position in Terex by 450.2% in the third quarter. Pacer Advisors Inc. now owns 4,446 shares of the industrial products company’s stock valued at $200,000 after buying an additional 3,638 shares in the last quarter. Invictus RG boosted its position in Terex by 95.4% in the third quarter. Invictus RG now owns 4,618 shares of the industrial products company’s stock valued at $208,000 after buying an additional 2,255 shares in the last quarter. Clear Perspective Advisors LLC acquired a new stake in Terex in the second quarter valued at approximately $198,000. Finally, CIBC World Markets Inc. acquired a new stake in Terex in the second quarter valued at approximately $210,000. Hedge funds and other institutional investors own 96.86% of the company’s stock.

Several brokerages have recently commented on TEX. ValuEngine cut shares of Terex from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of Terex from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Wednesday, October 11th. Deutsche Bank cut shares of Terex from a “buy” rating to a “hold” rating and lowered their target price for the stock from $44.00 to $43.00 in a report on Thursday, September 21st. Robert W. Baird reiterated a “buy” rating and set a $52.00 price target on shares of Terex in a research report on Thursday, December 21st. Finally, Bank of America reduced their price target on shares of Terex from $42.00 to $40.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Terex currently has an average rating of “Hold” and an average target price of $44.71.

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Terex Company Profile

Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.

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