Terex Director G Chris Andersen Sells 10,000 Shares (TEX)
Terex (NYSE:TEX) Director G Chris Andersen sold 10,000 shares of the stock on the open market in a transaction dated Monday, June 23rd. The stock was sold at an average price of $40.33, for a total transaction of $403,300.00. Following the transaction, the director now directly owns 92,989 shares in the company, valued at approximately $3,750,246. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Global Hunter Securities initiated coverage on shares of Terex in a research note on Thursday, June 19th. They set an “accumulate” rating and a $47.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Terex from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 21st. They now have a $41.00 price target on the stock. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $46.46.
Terex (NYSE:TEX) traded down 1.49% on Tuesday, hitting $39.67. The stock had a trading volume of 1,161,028 shares. Terex has a 52 week low of $25.60 and a 52 week high of $45.46. The stock’s 50-day moving average is $39.65 and its 200-day moving average is $41.13. The company has a market cap of $4.376 billion and a price-to-earnings ratio of 19.91.
Terex (NYSE:TEX) last released its earnings data on Wednesday, April 30th. The company reported $0.28 earnings per share for the quarter, missing the analysts’ 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. Analysts expect that Terex will post $2.68 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.
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