Terex Co. (NYSE:TEX) SVP Kevin Bradley sold 20,000 shares of Terex stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $32.56, for a total transaction of $651,200.00. Following the transaction, the senior vice president now owns 79,612 shares of the company’s stock, valued at $2,592,166.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kevin Bradley also recently made the following trade(s):

  • On Monday, April 10th, Kevin Bradley sold 10,000 shares of Terex stock. The shares were sold at an average price of $33.00, for a total transaction of $330,000.00.
  • On Thursday, April 6th, Kevin Bradley sold 5,000 shares of Terex stock. The stock was sold at an average price of $32.00, for a total transaction of $160,000.00.
  • On Wednesday, April 5th, Kevin Bradley acquired 18 shares of Terex stock. The stock was purchased at an average price of $31.54 per share, with a total value of $567.72.
  • On Thursday, March 30th, Kevin Bradley sold 5,000 shares of Terex stock. The stock was sold at an average price of $31.00, for a total transaction of $155,000.00.
  • On Friday, March 17th, Kevin Bradley sold 15,000 shares of Terex stock. The stock was sold at an average price of $31.17, for a total transaction of $467,550.00.
  • On Wednesday, March 8th, Kevin Bradley acquired 54 shares of Terex stock. The stock was purchased at an average price of $31.92 per share, with a total value of $1,723.68.

Shares of Terex Co. (NYSE:TEX) traded up 1.31% during mid-day trading on Monday, reaching $33.15. 1,746,715 shares of the company’s stock traded hands. The company’s market cap is $3.24 billion. Terex Co. has a 12-month low of $18.91 and a 12-month high of $36.43. The company’s 50 day moving average is $32.86 and its 200 day moving average is $31.17.

Terex (NYSE:TEX) last announced its earnings results on Wednesday, May 3rd. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.08. Terex had a net margin of 2.01% and a return on equity of 7.39%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $926.31 million. On average, analysts predict that Terex Co. will post $0.92 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Terex (NYSE:TEX)

The business also recently announced a quarterly dividend, which will be paid on Monday, June 19th. Stockholders of record on Friday, June 9th will be given a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $0.32 annualized dividend and a dividend yield of 0.98%. Terex’s dividend payout ratio (DPR) is 28.57%.

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Several hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC bought a new stake in shares of Terex during the first quarter valued at about $1,524,000. Credit Suisse AG raised its stake in shares of Terex by 14.3% in the first quarter. Credit Suisse AG now owns 111,101 shares of the industrial products company’s stock valued at $3,488,000 after buying an additional 13,922 shares during the period. Caxton Associates LP bought a new stake in shares of Terex during the first quarter valued at about $2,826,000. Paloma Partners Management Co raised its stake in shares of Terex by 73.7% in the first quarter. Paloma Partners Management Co now owns 34,074 shares of the industrial products company’s stock valued at $1,071,000 after buying an additional 14,461 shares during the period. Finally, State Street Corp raised its stake in shares of Terex by 1.1% in the first quarter. State Street Corp now owns 2,746,795 shares of the industrial products company’s stock valued at $86,251,000 after buying an additional 30,608 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

A number of equities analysts recently weighed in on TEX shares. Bank of America Corp lowered shares of Terex from a “neutral” rating to an “underperform” rating and boosted their price objective for the stock from $29.00 to $33.00 in a report on Thursday, May 11th. OTR Global raised shares of Terex to a “positive” rating in a research report on Friday, March 17th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $33.00 target price on shares of Terex in a research report on Wednesday, April 26th. Deutsche Bank AG raised shares of Terex from a “hold” rating to a “buy” rating and lifted their target price for the stock from $36.00 to $37.00 in a research report on Monday, February 27th. Finally, Barclays PLC lifted their target price on shares of Terex from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 19th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. Terex has a consensus rating of “Hold” and an average price target of $32.44.

Terex Company Profile

Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.

12 Month Chart for NYSE:TEX

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