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

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

Terex Stock Down 2.1 %

TEX stock opened at $49.57 on Friday. The business’s 50-day moving average is $53.61 and its two-hundred day moving average is $54.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 2.39. Terex Co. has a fifty-two week low of $48.11 and a fifty-two week high of $68.08. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 7.24, a P/E/G ratio of 4.09 and a beta of 1.53.

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

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, November 8th. Terex’s dividend payout ratio (DPR) is currently 9.93%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. TCW Group Inc. purchased a new stake in shares of Terex during the second quarter worth about $566,000. Chartwell Investment Partners LLC purchased a new stake in shares of Terex during the third quarter worth about $559,000. Edgestream Partners L.P. grew its position in shares of Terex by 181.6% during the second quarter. Edgestream Partners L.P. now owns 68,898 shares of the industrial products company’s stock worth $3,778,000 after purchasing an additional 44,432 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Terex during the third quarter worth about $615,000. Finally, AQR Capital Management LLC grew its position in shares of Terex by 18.4% during the second quarter. AQR Capital Management LLC now owns 1,837,563 shares of the industrial products company’s stock worth $99,045,000 after purchasing an additional 285,750 shares in the last quarter. Institutional investors own 92.88% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group reduced their price target on Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, September 20th. Citigroup cut their target price on Terex from $60.00 to $57.00 and set a “neutral” rating on the stock in a research note on Monday, September 23rd. JPMorgan Chase & Co. cut their target price on Terex from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. Truist Financial increased their target price on Terex from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Robert W. Baird dropped their price objective on Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $59.56.

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.