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.
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.
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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