Terex Corporation (NYSE:TEX) VP Scott Posner Sells 5,000 Shares

Terex Corporation (NYSE:TEX) VP Scott Posner sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $50.50, for a total transaction of $252,500.00. Following the completion of the transaction, the vice president owned 70,308 shares of the company’s stock, valued at approximately $3,550,554. This represents a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Terex Price Performance

Terex stock opened at $52.59 on Thursday. Terex Corporation has a 52-week low of $31.53 and a 52-week high of $58.66. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 5.11 and a beta of 1.62. The company has a fifty day simple moving average of $48.89 and a 200-day simple moving average of $43.87. The company has a quick ratio of 1.11, a current ratio of 2.08 and a debt-to-equity ratio of 1.31.

Terex (NYSE:TEX) last released its earnings results on Thursday, July 31st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.05. Terex had a net margin of 3.46% and a return on equity of 15.95%. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the firm earned $2.16 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities analysts anticipate that Terex Corporation will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 11th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. Terex’s dividend payout ratio is currently 25.37%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Terex from a “neutral” rating to a “buy” rating and boosted their target price for the company from $45.00 to $60.00 in a research note on Tuesday, May 27th. Morgan Stanley reduced their price objective on shares of Terex from $43.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. upped their price objective on shares of Terex from $43.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 10th. Robert W. Baird upgraded shares of Terex from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $48.00 to $66.00 in a research report on Tuesday, May 13th. Finally, UBS Group upped their price objective on shares of Terex from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, July 10th. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.22.

Institutional Investors Weigh In On Terex

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Terex by 0.7% in the first quarter. Vanguard Group Inc. now owns 6,749,354 shares of the industrial products company’s stock valued at $254,991,000 after purchasing an additional 44,254 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Terex by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,050,434 shares of the industrial products company’s stock valued at $115,247,000 after purchasing an additional 87,194 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Terex by 8.8% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,338,868 shares of the industrial products company’s stock valued at $88,362,000 after purchasing an additional 188,195 shares during the period. First Trust Advisors LP grew its holdings in shares of Terex by 43.2% in the fourth quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company’s stock valued at $89,247,000 after purchasing an additional 582,819 shares during the period. Finally, American Century Companies Inc. boosted its stake in Terex by 1.4% during the first quarter. American Century Companies Inc. now owns 1,765,690 shares of the industrial products company’s stock worth $66,708,000 after buying an additional 24,484 shares during the period. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Terex Company Profile

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.