Terex Insider Steve Filipov Unloads 6,793 Shares (TEX)
Terex (NYSE:TEX) Insider Steve Filipov unloaded 6,793 shares of the company’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $39.42, for a total value of $267,780.06. Following the completion of the transaction, the insider now directly owns 140,250 shares of the company’s stock, valued at approximately $5,528,655. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Terex (NYSE:TEX) traded down 0.03% during mid-day trading on Thursday, hitting $39.90. 923,467 shares of the company’s stock traded hands. Terex has a 1-year low of $25.60 and a 1-year high of $45.46. The stock has a 50-day moving average of $42.20 and a 200-day moving average of $40.13. The company has a market cap of $4.401 billion and a P/E ratio of 19.73.
Terex (NYSE:TEX) last announced its earnings results on Wednesday, April 30th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.07. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.70 billion. On average, analysts predict that Terex will post $2.68 earnings per share for the current fiscal year.
TEX has been the subject of a number of recent research reports. Analysts at Barclays reiterated an “overweight” rating on shares of Terex in a research note on Friday, May 2nd. They now have a $50.00 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Terex from $51.00 to $55.00 in a research note on Friday, May 2nd. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Terex from $40.00 to $42.00 in a research note on Thursday, April 10th. They now have a “neutral” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $45.64.
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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