Terex CFO Sells $112,050 in Stock (TEX)
Terex (NYSE:TEX) CFO Kevin Bradley unloaded 3,000 shares of the company’s stock on the open market in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $37.35, for a total transaction of $112,050.00. Following the transaction, the chief financial officer now directly owns 163,470 shares in the company, valued at approximately $6,105,605. The sale was disclosed in a legal filing with the SEC, which is available at this link.
TEX has been the subject of a number of recent research reports. Analysts at ISI Group upgraded shares of Terex from a “neutral” rating to a “buy” rating in a research note on Thursday, August 7th. They now have a $42.00 price target on the stock, down previously from $44.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Terex in a research note on Monday, July 28th. They now have a $38.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Terex in a research note on Monday, July 28th. They now have a $40.00 price target on the stock, down previously from $50.00. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $45.00.
Terex (NYSE:TEX) traded down 0.24% during mid-day trading on Thursday, hitting $37.24. 1,111,091 shares of the company’s stock traded hands. Terex has a one year low of $28.00 and a one year high of $45.46. The stock’s 50-day moving average is $37.40 and its 200-day moving average is $40.43. The company has a market cap of $4.104 billion and a P/E ratio of 12.30.
Terex (NYSE:TEX) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.40. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, analysts predict that Terex will post $2.58 earnings per share 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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