Trade Report: Today, 2,997 Shares of Terex Corp. (TEX) Stock are sold by Eric I. Cohen

Today, 2,997 Shares of Terex Corp. (TEX) Stock are sold by Eric I. Cohen

Terex Corp. (NYSE:TEX) VP Eric I. Cohen sold 2,997 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $30.00, for a total transaction of $89,910.00. Following the sale, the vice president now directly owns 193,139 shares of the company’s stock, valued at approximately $5,794,170. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Eric I. Cohen also recently made the following trade(s): On Thursday, November 10th, Eric I. Cohen sold 9,749 shares of Terex Corp. stock. The shares were sold at an average price of $26.44, for a total transaction of $257,763.56.

Shares of Terex Corp. (NYSE:TEX) traded down 2.26% during midday trading on Monday, reaching $30.21. The company had a trading volume of 1,853,960 shares. The company has a 50 day moving average of $25.56 and a 200 day moving average of $23.63. Terex Corp. has a 12-month low of $13.62 and a 12-month high of $31.44. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 30.76 and a beta of 2.34.

Terex Corp. (NYSE:TEX) last released its earnings results on Tuesday, November 1st. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by $0.03. Terex Corp. had a return on equity of 7.39% and a net margin of 2.01%. The company earned $1.06 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the company posted $0.44 earnings per share. The company’s revenue was down 15.9% on a year-over-year basis. Analysts anticipate that Terex Corp. will post $0.77 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Thursday, November 10th will be paid a $0.07 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.91%. Terex Corp.’s dividend payout ratio is currently 28.57%.

Large investors have recently added to or reduced their stakes in the company. Morgan Stanley boosted its stake in Terex Corp. by 7.6% in the third quarter. Morgan Stanley now owns 7,788,678 shares of the company’s stock worth $197,911,000 after buying an additional 551,571 shares in the last quarter. Vanguard Group Inc. boosted its stake in Terex Corp. by 4.4% in the second quarter. Vanguard Group Inc. now owns 7,575,980 shares of the company’s stock worth $153,868,000 after buying an additional 321,119 shares in the last quarter. Pzena Investment Management LLC boosted its stake in Terex Corp. by 1.8% in the third quarter. Pzena Investment Management LLC now owns 7,293,443 shares of the company’s stock worth $185,326,000 after buying an additional 128,939 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Terex Corp. by 4.3% in the third quarter. BlackRock Fund Advisors now owns 3,923,531 shares of the company’s stock worth $99,697,000 after buying an additional 160,252 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in Terex Corp. by 105.3% in the second quarter. TIAA CREF Investment Management LLC now owns 3,191,643 shares of the company’s stock worth $64,822,000 after buying an additional 1,636,964 shares in the last quarter. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Terex Corp. from a “strong sell” rating to a “hold” rating in a research report on Monday, September 12th. Clsa Americas downgraded shares of Terex Corp. from a “buy” rating to an “underperform” rating in a research report on Friday, November 18th. CLSA downgraded shares of Terex Corp. from a “buy” rating to an “underperform” rating in a research report on Friday, November 18th. Stifel Nicolaus set a $29.00 price target on shares of Terex Corp. and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Finally, Barclays PLC downgraded shares of Terex Corp. from an “equal weight” rating to an “underweight” rating and set a $20.00 price target for the company. in a research report on Monday, October 24th. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $24.50.

About Terex Corp.

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