Terex Corp. CEO Ronald Defeo Sells 10,715 Shares (TEX)
Terex Corp. (NYSE:TEX) CEO Ronald Defeo sold 10,715 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $35.02, for a total value of $375,239.30. Following the completion of the transaction, the chief executive officer now directly owns 1,595,798 shares in the company, valued at approximately $55,884,846. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Terex Corp. in a research note to investors on Thursday, October 3rd. Separately, analysts at Zacks upgraded shares of Terex Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 24th. They now have a $35.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $35.27.
Terex Corp. (NYSE:TEX) traded down 2.15% during mid-day trading on Tuesday, hitting $33.64. The stock had a trading volume of 2,274,742 shares. 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 $32.00 and its 200-day moving average is $30.87. The company has a market cap of $3.744 billion and a P/E ratio of 97.39.
Terex Corp. (NYSE:TEX) last announced its earnings results on Wednesday, July 24th. The company reported $0.55 EPS for the quarter, meeting the Thomson Reuters 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 last year, the company posted $0.75 earnings per share. Terex Corp.’s revenue was down 5.1% compared to the same quarter last year. Analysts expect that Terex Corp. will post $2.00 EPS 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.