Insider Selling: Timothy A. Ford Sells 3,000 Shares of Terex Corp. Stock (TEX)
Terex Corp. (NYSE:TEX) Insider Timothy A. Ford sold 3,000 shares of Terex Corp. stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $41.22, for a total transaction of $123,660.00. Following the completion of the transaction, the insider now directly owns 185,485 shares of the company’s stock, valued at approximately $7,645,692. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Terex Corp. (NYSE:TEX) traded up 2.77% during mid-day trading on Tuesday, hitting $40.624. 982,852 shares of the company’s stock traded hands. Terex Corp. has a 52 week low of $25.60 and a 52 week high of $42.82. The stock’s 50-day moving average is $40.58 and its 200-day moving average is $34.96. The company has a market cap of $4.526 billion and a price-to-earnings ratio of 43.44.
A number of analysts have recently weighed in on TEX shares. Analysts at Zacks upgraded shares of Terex Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, January 17th. They now have a $50.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Terex Corp. from $40.00 to $51.00 in a research note to investors on Monday, January 13th. They now have an “overweight” rating on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of Terex Corp. in a research note to investors on Tuesday, January 7th. They set a “hold” rating on the stock. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $41.90.
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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