Insider Buying: Terex Co. (NYSE:TEX) Director Acquires 1,325 Shares of Stock

Terex Co. (NYSE:TEX) Director Andra Rush purchased 1,325 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the transaction, the director now directly owns 23,308 shares in the company, valued at approximately $861,463.68. This trade represents a 6.03 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Terex Trading Up 3.1 %

Shares of Terex stock traded up $1.21 during trading on Thursday, reaching $40.28. The company’s stock had a trading volume of 400,016 shares, compared to its average volume of 883,611. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 8.15, a PEG ratio of 4.53 and a beta of 1.56. The firm’s 50-day moving average is $45.51 and its two-hundred day moving average is $50.25. Terex Co. has a 52-week low of $36.15 and a 52-week high of $68.08. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41.

Terex (NYSE:TEX) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. Terex had a return on equity of 21.99% and a net margin of 6.54%. During the same quarter in the prior year, the firm posted $1.88 EPS. On average, sell-side analysts anticipate that Terex Co. will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, March 7th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Friday, March 7th. Terex’s payout ratio is 13.71%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TEX. Citigroup dropped their price objective on shares of Terex from $57.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Evercore ISI lowered their price objective on shares of Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their target price on Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. StockNews.com cut shares of Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Finally, Barclays cut their price target on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $56.11.

Institutional Trading of Terex

Several large investors have recently added to or reduced their stakes in the stock. Neo Ivy Capital Management purchased a new stake in shares of Terex in the 4th quarter worth about $29,000. Jones Financial Companies Lllp purchased a new position in shares of Terex in the 4th quarter worth about $31,000. Smartleaf Asset Management LLC increased its stake in Terex by 46.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 222 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Terex in the third quarter worth approximately $40,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Terex during the third quarter valued at approximately $41,000. Institutional investors own 92.88% of the company’s stock.

Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.