Insider Buying: Terex Co. (TEX) Insider Buys 292 Shares of Stock

Terex Co. (NYSE:TEX) insider John D. Sheehan bought 292 shares of the stock in a transaction on Thursday, February 8th. The shares were acquired at an average cost of $42.84 per share, for a total transaction of $12,509.28. Following the purchase, the insider now owns 116,656 shares in the company, valued at $4,997,543.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

John D. Sheehan also recently made the following trade(s):

  • On Monday, January 8th, John D. Sheehan bought 263 shares of Terex stock. The shares were acquired at an average cost of $47.46 per share, for a total transaction of $12,481.98.

Shares of Terex Co. (TEX) traded up $0.76 on Monday, reaching $43.23. 1,393,367 shares of the company traded hands, compared to its average volume of 1,134,113. The stock has a market cap of $3,640.00, a price-to-earnings ratio of -22.52, a P/E/G ratio of 1.67 and a beta of 1.71. Terex Co. has a 12-month low of $28.67 and a 12-month high of $50.17. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.53 and a current ratio of 2.42.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Friday, March 9th will be issued a $0.10 dividend. This is a positive change from Terex’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, March 8th. Terex’s payout ratio is -16.67%.

Terex announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 7th that authorizes the company to repurchase $325.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Several research analysts have recently weighed in on TEX shares. Wells Fargo & Co set a $52.00 price target on shares of Terex and gave the company a “buy” rating in a research report on Monday, October 16th. Robert W. Baird reissued a “buy” rating and set a $52.00 price target on shares of Terex in a research report on Thursday, December 21st. Barclays started coverage on shares of Terex in a research report on Tuesday, December 12th. They set an “equal weight” rating and a $50.00 price target on the stock. KeyCorp reissued a “hold” rating on shares of Terex in a research report on Wednesday, November 1st. Finally, ValuEngine cut shares of Terex from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Terex currently has an average rating of “Hold” and a consensus price target of $44.71.

Institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its holdings in Terex by 388.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,550 shares of the industrial products company’s stock valued at $123,000 after buying an additional 2,028 shares during the period. Landaas & Co. WI ADV raised its holdings in Terex by 602.6% in the 4th quarter. Landaas & Co. WI ADV now owns 3,513 shares of the industrial products company’s stock valued at $169,000 after buying an additional 3,013 shares during the period. Pacer Advisors Inc. raised its holdings in Terex by 450.2% in the 3rd quarter. Pacer Advisors Inc. now owns 4,446 shares of the industrial products company’s stock valued at $200,000 after buying an additional 3,638 shares during the period. Invictus RG raised its holdings in Terex by 95.4% in the 3rd quarter. Invictus RG now owns 4,618 shares of the industrial products company’s stock valued at $208,000 after buying an additional 2,255 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Terex by 4.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,825 shares of the industrial products company’s stock valued at $220,000 after buying an additional 262 shares during the period. Hedge funds and other institutional investors own 95.80% of the company’s stock.

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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.

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

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