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

Terex Co. (NYSE:TEX) insider Kieran Hegarty sold 17,190 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 200,029 shares of the company’s stock, valued at $11,653,689.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 value of $1,022,400.00.

Terex Stock Down 1.7 %

Shares of NYSE:TEX opened at $59.45 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.06 and a current ratio of 2.16. Terex Co. has a 52-week low of $43.70 and a 52-week high of $65.89. The firm has a market capitalization of $4.00 billion, a P/E ratio of 7.87 and a beta of 1.66. The stock has a 50 day moving average price of $60.61 and a 200-day moving average price of $56.63.

Terex (NYSE:TEX) last announced its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.41 EPS for the quarter, meeting the consensus estimate of $1.41. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. Terex had a return on equity of 30.53% and a net margin of 9.87%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 earnings per share. As a group, equities research analysts anticipate that Terex Co. will post 7.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Terex

Several hedge funds have recently bought and sold shares of TEX. FMR LLC increased its stake in shares of Terex by 3.9% during the third quarter. FMR LLC now owns 2,691,767 shares of the industrial products company’s stock valued at $155,100,000 after purchasing an additional 102,193 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Terex by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,675,548 shares of the industrial products company’s stock valued at $153,742,000 after buying an additional 78,362 shares during the last quarter. Greenhaven Associates Inc. boosted its holdings in Terex by 101.5% in the fourth quarter. Greenhaven Associates Inc. now owns 1,456,700 shares of the industrial products company’s stock worth $83,702,000 after acquiring an additional 733,690 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Terex by 9.3% in the third quarter. AQR Capital Management LLC now owns 1,137,753 shares of the industrial products company’s stock worth $65,557,000 after acquiring an additional 96,834 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Terex by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 921,985 shares of the industrial products company’s stock valued at $52,977,000 after acquiring an additional 42,364 shares in the last quarter. Institutional investors own 92.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TEX. Citigroup raised their price target on Terex from $54.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Bank of America restated an “underperform” rating and issued a $57.00 target price on shares of Terex in a report on Friday, January 19th. Truist Financial started coverage on shares of Terex in a report on Thursday, March 14th. They set a “buy” rating and a $73.00 price target for the company. Evercore ISI cut their price target on shares of Terex from $65.00 to $63.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. Finally, The Goldman Sachs Group upped 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.