John D. Sheehan Buys 439 Shares of Terex Co. (TEX) Stock

Terex Co. (NYSE:TEX) insider John D. Sheehan bought 439 shares of the stock in a transaction on Friday, May 10th. The shares were acquired at an average price of $29.57 per share, with a total value of $12,981.23. Following the purchase, the insider now owns 211,749 shares of the company’s stock, valued at $6,261,417.93. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Friday, April 5th, John D. Sheehan bought 572 shares of Terex stock. The shares were acquired at an average price of $33.44 per share, with a total value of $19,127.68.

Shares of Terex stock traded up $0.23 during trading on Thursday, reaching $29.95. 5,815 shares of the company’s stock were exchanged, compared to its average volume of 1,046,499. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.41 and a current ratio of 2.27. Terex Co. has a 1-year low of $25.47 and a 1-year high of $45.47. The stock has a market capitalization of $2.07 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 0.82 and a beta of 1.60.

Terex (NYSE:TEX) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.30. Terex had a positive return on equity of 25.38% and a negative net margin of 0.06%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the firm earned $0.55 EPS. Terex’s revenue was up 1.8% on a year-over-year basis. On average, research analysts forecast that Terex Co. will post 4.03 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.47%. Terex’s dividend payout ratio (DPR) is currently 16.24%.

Several institutional investors have recently bought and sold shares of the company. Sandbar Asset Management LLP acquired a new position in shares of Terex during the 1st quarter worth $852,000. BlueMountain Capital Management LLC acquired a new position in Terex in the 1st quarter worth about $388,000. HighTower Advisors LLC increased its holdings in Terex by 92.7% in the 1st quarter. HighTower Advisors LLC now owns 108,020 shares of the industrial products company’s stock worth $3,468,000 after purchasing an additional 51,965 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in Terex in the 1st quarter worth about $2,912,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Terex in the 1st quarter worth about $543,000. 94.90% of the stock is owned by institutional investors.

TEX has been the subject of a number of recent analyst reports. TheStreet raised Terex from a “c” rating to a “b-” rating in a research report on Thursday, May 2nd. Credit Suisse Group reiterated a “buy” rating and set a $37.00 target price on shares of Terex in a research report on Tuesday, January 22nd. Morgan Stanley set a $37.00 target price on Terex and gave the company a “hold” rating in a research report on Thursday, May 2nd. Zacks Investment Research downgraded Terex from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 29th. Finally, Barclays set a $37.00 target price on Terex and gave the company a “hold” rating in a research report on Wednesday, January 23rd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Terex currently has an average rating of “Hold” and a consensus price target of $36.33.

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Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide. The company operates through three segments: Aerial Work Platforms (AWP), Cranes, and Material Processing (MP). The AWP segment engages in the design, manufacture, service, and market of AWP equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brands to construct and maintain industrial, commercial, and residential buildings and facilities, and for other commercial operations, as well as used in infrastructure projects.

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

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