Trade Report: Today: Insider Selling: Terex Corp. (TEX) VP Sold $43,326.00 in Stock

Today: Insider Selling: Terex Corp. (TEX) VP Sold $43,326.00 in Stock

Terex Corp. (NYSE:TEX) VP Eric I. Cohen sold 1,494 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $29.00, for a total value of $43,326.00. Following the sale, the vice president now directly owns 196,136 shares in the company, valued at approximately $5,687,944. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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 stock was sold at an average price of $26.44, for a total value of $257,763.56.

Shares of Terex Corp. (NYSE:TEX) opened at 30.91 on Monday. The firm has a market capitalization of $3.27 billion, a P/E ratio of 31.48 and a beta of 2.34. Terex Corp. has a 52 week low of $13.62 and a 52 week high of $31.01. The stock has a 50 day moving average price of $25.56 and a 200 day moving average price of $23.63.

Terex Corp. (NYSE:TEX) last announced its earnings results on Tuesday, November 1st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter last year, the firm posted $0.44 earnings per share. The firm’s revenue was down 15.9% on a year-over-year basis. Analysts forecast 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. Investors of record on Thursday, November 10th will be given a $0.07 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $0.28 annualized dividend and a yield of 0.91%. Terex Corp.’s dividend payout ratio (DPR) is presently 28.57%.

Several equities research analysts have weighed in on the company. CLSA cut Terex Corp. from a “buy” rating to an “underperform” rating in a research note on Friday, November 18th. Clsa Americas cut Terex Corp. from a “buy” rating to an “underperform” rating in a research note on Friday, November 18th. cut Terex Corp. from a “buy” rating to an “underperform” rating in a research note on Friday, November 18th. Barclays PLC cut Terex Corp. from an “equal weight” rating to an “underweight” rating and set a $20.00 target price for the company. in a research note on Monday, October 24th. Finally, Bank of America Corp. upgraded Terex Corp. from an “underperform” rating to a “buy” rating and upped their target price for the stock from $21.00 to $29.00 in a research note on Friday, October 14th. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $24.50.

A number of hedge funds and other institutional investors have recently made changes to their positions in TEX. Morgan Stanley raised its position in shares of Terex Corp. by 7.6% in the third quarter. Morgan Stanley now owns 7,788,678 shares of the company’s stock valued at $197,911,000 after buying an additional 551,571 shares during the period. Vanguard Group Inc. increased 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 valued at $153,868,000 after buying an additional 321,119 shares in the last quarter. Pzena Investment Management LLC increased 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 valued at $185,326,000 after buying an additional 128,939 shares in the last quarter. BlackRock Fund Advisors increased 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 valued at $99,697,000 after buying an additional 160,252 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased 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 valued at $64,822,000 after buying an additional 1,636,964 shares in the last quarter. Institutional investors own 83.75% of the company’s stock.

About Terex Corp.

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