Insider Selling: Terex CFO Sells 2,500 Shares of Stock (TEX)
Terex (NYSE:TEX) CFO Kevin Bradley sold 2,500 shares of the stock on the open market in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $41.44, for a total transaction of $103,600.00. Following the sale, the chief financial officer now directly owns 166,909 shares of the company’s stock, valued at approximately $6,916,709. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
TEX has been the subject of a number of recent research reports. 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Terex currently has an average rating of “Hold” and a consensus target price of $46.46.
Terex (NYSE:TEX) traded up 0.22% on Wednesday, hitting $41.65. 707,488 shares of the company’s stock traded hands. Terex has a one year low of $26.84 and a one year high of $45.46. The stock’s 50-day moving average is $39.72 and its 200-day moving average is $41.2. The company has a market cap of $4.594 billion and a P/E ratio of 20.54.
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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