Terex Co. (NYSE:TEX) Insider Kieran Hegarty Sells 17,190 Shares

Terex Co. (NYSE:TEX) insider Kieran Hegarty sold 17,190 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $58.26, for a total transaction of $1,001,489.40. Following the transaction, the insider now owns 200,029 shares in the company, valued at $11,653,689.54. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Kieran Hegarty also recently made the following trade(s):

• On Wednesday, March 6th, Kieran Hegarty sold 18,000 shares of Terex stock. The shares were sold at an average price of $56.80, for a total transaction of $1,022,400.00.

Terex Stock Performance

TEX opened at $60.49 on Wednesday. The company has a current ratio of 2.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $60.55 and its 200-day moving average is $56.61. The stock has a market cap of $4.07 billion, a PE ratio of 8.01 and a beta of 1.66. Terex Co. has a twelve month low of $43.70 and a twelve month high of $65.89.

Terex (NYSE:TEX) last posted its earnings results on Friday, February 9th. The industrial products company reported $1.41 EPS for the quarter, meeting the consensus estimate of $1.41. Terex had a return on equity of 30.53% and a net margin of 9.87%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the firm earned $1.34 EPS. The firm’s revenue was up .4% compared to the same quarter last year. On average, analysts predict that Terex Co. will post 7.1 earnings per share for the current year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.12%. The ex-dividend date was Thursday, March 7th. Terex’s payout ratio is currently 9.01%.

Hedge Funds Weigh In On Terex

Large investors have recently bought and sold shares of the stock. Curated Wealth Partners LLC lifted its stake in shares of Terex by 48.1% in the 4th quarter. Curated Wealth Partners LLC now owns 176,922 shares of the industrial products company’s stock worth $10,166,000 after acquiring an additional 57,500 shares during the period. QRG Capital Management Inc. bought a new stake in Terex during the third quarter worth approximately $294,000. International Assets Investment Management LLC lifted its position in Terex by 5,549.8% in the fourth quarter. International Assets Investment Management LLC now owns 128,193 shares of the industrial products company’s stock worth $7,366,000 after purchasing an additional 125,924 shares during the period. Trexquant Investment LP boosted its stake in Terex by 49.2% during the 3rd quarter. Trexquant Investment LP now owns 64,448 shares of the industrial products company’s stock valued at $3,713,000 after purchasing an additional 21,257 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in shares of Terex during the 3rd quarter valued at $302,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Bank of America reiterated an “underperform” rating and set a $57.00 price objective on shares of Terex in a research note on Friday, January 19th. Evercore ISI reduced their price objective on shares of Terex from $65.00 to $63.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 20th. The Goldman Sachs Group increased their price objective on shares of Terex from $52.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, February 13th. Truist Financial initiated coverage on shares of Terex in a report on Thursday, March 14th. They set a “buy” rating and a $73.00 target price on the stock. Finally, JPMorgan Chase & Co. downgraded shares of Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price target on the stock. in a research report on Monday, March 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $65.17.

About Terex

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.