David A. Sachs Purchases 10,000 Shares of Terex Co. (NYSE:TEX) Stock

Terex Co. (NYSE:TEX) Director David A. Sachs bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average price of $51.30 per share, with a total value of $513,000.00. Following the completion of the purchase, the director now owns 107,500 shares in the company, valued at approximately $5,514,750. The trade was a 10.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Terex Price Performance

Shares of TEX traded down $1.09 during mid-day trading on Friday, hitting $49.55. 794,539 shares of the company traded hands, compared to its average volume of 801,780. The company has a current ratio of 2.39, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average of $53.64 and a 200 day moving average of $54.71. Terex Co. has a one year low of $48.11 and a one year high of $68.08. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 4.09 and a beta of 1.53.

Terex (NYSE:TEX) last released its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.15. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.16 billion. Terex had a return on equity of 24.92% and a net margin of 9.08%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.75 earnings per share. As a group, equities analysts expect that Terex Co. will post 6.07 earnings per share for the current fiscal year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Friday, November 8th. Terex’s dividend payout ratio is 9.93%.

Analysts Set New Price Targets

TEX has been the subject of several research analyst reports. Robert W. Baird cut their target price on shares of Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Truist Financial boosted their price target on shares of Terex from $62.00 to $65.00 and gave the company a “buy” rating in a report on Monday, November 4th. The Goldman Sachs Group lowered their price target on shares of Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, September 20th. JPMorgan Chase & Co. lowered their price target on shares of Terex from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. Finally, Citigroup lowered their price target on shares of Terex from $60.00 to $57.00 and set a “neutral” rating on the stock in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $59.56.

Hedge Funds Weigh In On Terex

Several hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its stake in Terex by 1.0% in the third quarter. Franklin Resources Inc. now owns 81,450 shares of the industrial products company’s stock valued at $4,512,000 after buying an additional 795 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Terex in the third quarter valued at about $40,000. Sanctuary Advisors LLC lifted its stake in Terex by 7.2% in the third quarter. Sanctuary Advisors LLC now owns 10,610 shares of the industrial products company’s stock valued at $571,000 after buying an additional 717 shares during the period. Virtu Financial LLC bought a new stake in shares of Terex in the 3rd quarter valued at $704,000. Finally, Invst LLC acquired a new stake in Terex during the 3rd quarter worth $206,000. Institutional investors own 92.88% of the company’s stock.

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.