John D. Sheehan Purchases 441 Shares of Terex Co. (NYSE:TEX) Stock

Terex Co. (NYSE:TEX) insider John D. Sheehan acquired 441 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were bought at an average cost of $29.66 per share, for a total transaction of $13,080.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

NYSE:TEX opened at $30.64 on Friday. The stock has a 50-day simple moving average of $29.00. The company has a current ratio of 2.27, a quick ratio of 1.41 and a debt-to-equity ratio of 2.01. The stock has a market capitalization of $2.09 billion, a P/E ratio of 11.31, a P/E/G ratio of 0.82 and a beta of 1.77. Terex Co. has a twelve month low of $25.47 and a twelve month high of $45.47.

Terex (NYSE:TEX) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.30. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. Terex had a negative net margin of 0.06% and a positive return on equity of 25.38%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the firm posted $0.55 earnings per share. As a group, analysts expect that Terex Co. will post 4.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Friday, June 7th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Thursday, June 6th. Terex’s dividend payout ratio is currently 16.24%.

Large investors have recently bought and sold shares of the company. Optimum Investment Advisors purchased a new position in shares of Terex in the first quarter worth about $39,000. NumerixS Investment Technologies Inc acquired a new stake in Terex during the fourth quarter worth about $49,000. Advisors Preferred LLC acquired a new stake in Terex during the first quarter worth about $71,000. Investors Research Corp acquired a new stake in Terex during the first quarter worth about $119,000. Finally, Dupont Capital Management Corp acquired a new stake in Terex during the first quarter worth about $120,000. 90.80% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of Zynga and gave the company an “overweight” rating in a report on Thursday, May 2nd. Zacks Investment Research raised shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Monday, April 29th. Evercore ISI reaffirmed an “in-line” rating and set a $31.00 price objective (down from $40.00) on shares of Terex in a report on Friday, May 31st. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, TheStreet raised shares of Exantas Capital from a “d+” rating to a “c” rating in a report on Thursday, May 2nd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Terex presently has a consensus rating of “Hold” and an average target price of $34.83.

About Terex

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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