John D. Sheehan Purchases 439 Shares of Terex Co. (TEX) Stock

Terex Co. (NYSE:TEX) insider John D. Sheehan purchased 439 shares of Terex stock in a transaction that occurred on Wednesday, January 9th. The stock was purchased at an average price of $29.05 per share, with a total value of $12,752.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

NYSE:TEX opened at $29.70 on Friday. The firm has a market cap of $2.14 billion, a PE ratio of 22.00, a P/E/G ratio of 0.23 and a beta of 1.59. The company has a quick ratio of 1.14, a current ratio of 2.22 and a debt-to-equity ratio of 1.16. Terex Co. has a fifty-two week low of $25.47 and a fifty-two week high of $50.17.

Terex (NYSE:TEX) last released its earnings results on Thursday, November 1st. The industrial products company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.07). The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.28 billion. Terex had a net margin of 2.42% and a return on equity of 18.86%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 earnings per share. On average, research analysts expect that Terex Co. will post 2.65 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. acquired a new position in shares of Terex during the 3rd quarter worth $109,000. Point72 Hong Kong Ltd acquired a new position in shares of Terex during the 3rd quarter worth $140,000. Belpointe Asset Management LLC acquired a new position in shares of Terex during the 3rd quarter worth $144,000. Neuberger Berman Group LLC acquired a new position in Terex in the 3rd quarter worth about $212,000. Finally, Wakefield Asset Management LLLP acquired a new position in Terex in the 3rd quarter worth about $223,000. Hedge funds and other institutional investors own 98.70% of the company’s stock.

Several analysts recently issued reports on TEX shares. ValuEngine downgraded Terex from a “sell” rating to a “strong sell” rating in a research note on Friday, October 19th. TheStreet downgraded Terex from a “b” rating to a “c+” rating in a research note on Friday, November 2nd. Deutsche Bank reduced their price target on Terex from $32.00 to $28.00 and set a “sell” rating for the company in a research note on Monday, November 5th. Credit Suisse Group reduced their price target on Terex from $62.00 to $54.00 and set an “outperform” rating for the company in a research note on Monday, November 5th. Finally, Longbow Research started coverage on Terex in a research note on Friday, October 12th. They issued a “neutral” rating for the company. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $39.50.

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Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide. The company operates through three segments: Aerial Work Platforms (AWP), Cranes, and Material Processing (MP). The AWP segment engages in the design, manufacture, service, and market of AWP equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brands to construct and maintain industrial, commercial, and residential buildings and facilities, and for other commercial operations, as well as used in infrastructure projects.

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