Today, Terex Corp. (TEX) VP Eric I. Cohen Sold 2,997 Shares

Today, Terex Corp. (TEX) VP Eric I. Cohen Sold 2,997 Shares

Terex Corp. (NYSE:TEX) VP Eric I. Cohen sold 2,997 shares of the company’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $30.00, for a total value of $89,910.00. Following the sale, the vice president now owns 193,139 shares of the company’s stock, valued at $5,794,170. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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 30.21 on Tuesday. The firm has a 50-day moving average price of $25.73 and a 200 day moving average price of $23.67. Terex Corp. has a one year low of $13.62 and a one year 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 announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the firm earned $0.44 earnings per share. The firm’s quarterly revenue was down 15.9% on a year-over-year basis. Equities analysts forecast that Terex Corp. will post $0.77 earnings per share for the current fiscal year.

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

Several hedge funds have recently bought and sold shares of the stock. Loews Corp increased its stake in Terex Corp. by 18.9% in the second quarter. Loews Corp now owns 13,050 shares of the company’s stock valued at $265,000 after buying an additional 2,075 shares during the last quarter. Artemis Investment Management LLP increased its stake in Terex Corp. by 298.5% in the second quarter. Artemis Investment Management LLP now owns 497,184 shares of the company’s stock valued at $10,100,000 after buying an additional 372,408 shares during the last quarter. Fisher Asset Management LLC increased its stake in Terex Corp. by 3.5% in the third quarter. Fisher Asset Management LLC now owns 441,605 shares of the company’s stock valued at $11,221,000 after buying an additional 15,043 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Terex Corp. by 9.4% in the second quarter. BNP Paribas Arbitrage SA now owns 50,956 shares of the company’s stock valued at $1,035,000 after buying an additional 4,362 shares during the last quarter. Finally, Pzena Investment Management LLC increased its stake in Terex Corp. by 49.1% in the second quarter. Pzena Investment Management LLC now owns 7,164,504 shares of the company’s stock valued at $145,511,000 after buying an additional 2,359,735 shares during the last quarter. 83.75% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on TEX shares. Zacks Investment Research upgraded Terex Corp. from a “strong sell” rating to a “hold” rating in a research note on Monday, September 12th. Clsa Americas cut Terex Corp. from a “buy” rating to an “underperform” rating in a research note on Friday, November 18th. CLSA cut Terex Corp. from a “buy” rating to an “underperform” rating in a research note on Friday, November 18th. Stifel Nicolaus set a $29.00 price target on Terex Corp. and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Finally, Barclays PLC cut Terex Corp. from an “equal weight” rating to an “underweight” rating and set a $20.00 price target for the company. in a research note on Monday, October 24th. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $24.50.

About Terex Corp.

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