Terex Corp. Insider Unloads $65,000 in Stock (TEX)
Terex Corp. (NYSE:TEX) Insider Timothy Ford unloaded 2,000 shares of Terex Corp. stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $32.50, for a total value of $65,000.00. Following the sale, the insider now directly owns 198,962 shares in the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on TEX shares. Analysts at Morgan Stanley initiated coverage on shares of Terex Corp. (NYSE:TEX) in a research note to investors on Thursday, September 5th. They set an “overweight” rating and a $47.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Terex Corp. (NYSE:TEX) from $21.00 to $30.00 in a research note to investors on Thursday, August 22nd. They now have a “neutral” rating on the stock. Finally, analysts at Barclays Capital upgraded shares of Terex Corp. (NYSE:TEX) to a “best ideas list” rating in a research note to investors on Monday, August 19th.
One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Terex Corp. presently has an average rating of “Hold” and an average target price of $35.50.
Terex Corp. (NYSE:TEX) traded down 0.39% during mid-day trading on Tuesday, hitting $32.94. 2,459,956 shares of the company’s stock traded hands. Terex Corp. has a 1-year low of $20.41 and a 1-year high of $37.12. The stock’s 50-day moving average is $30.60 and its 200-day moving average is $30.90. The company has a market cap of $3.666 billion and a P/E ratio of 93.68.
Terex Corp. (NYSE:TEX) last released its earnings data on Wednesday, July 24th. The company reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, analysts predict that Terex Corp. will post $1.99 earnings per share for the current fiscal year.
Terex Corporation is a diversified global equipment manufacturer of machinery products. The Company is focused on delivering reliable, customer-driven solutions for a wide range of commercial applications, including the construction, infrastructure, quarrying, mining, manufacturing, shipping, transportation, refining, energy and utility industries.
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