Simon Meester Sells 9,877 Shares of Terex Co. (NYSE:TEX) Stock

Terex Co. (NYSE:TEX) CEO Simon Meester sold 9,877 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total transaction of $505,109.78. Following the completion of the transaction, the chief executive officer now directly owns 127,858 shares of the company’s stock, valued at approximately $6,538,658.12. This trade represents a 7.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Terex Stock Down 2.2 %

TEX stock opened at $49.55 on Friday. The business’s 50 day simple moving average is $53.61 and its 200 day simple moving average is $54.59. Terex Co. has a 1-year low of $48.11 and a 1-year high of $68.08. The firm has a market capitalization of $3.31 billion, a PE ratio of 7.23, a PEG ratio of 4.00 and a beta of 1.53. The company has a current ratio of 2.39, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32.

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

Terex Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group decreased their price objective on Terex from $72.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, September 20th. Citigroup decreased their price target on Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a research note on Monday, September 23rd. Truist Financial upped their price objective on Terex from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Robert W. Baird decreased their target price on shares of Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, Evercore ISI dropped their price target on shares of Terex from $67.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Terex has an average rating of “Hold” and a consensus price target of $59.56.

Institutional Investors Weigh In On Terex

A number of institutional investors have recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in Terex by 57.5% during the 2nd quarter. Blue Trust Inc. now owns 512 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 187 shares during the last quarter. GAMMA Investing LLC grew its holdings in Terex by 83.3% in the 3rd quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock valued at $39,000 after buying an additional 335 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Terex during the 3rd quarter worth $40,000. Truvestments Capital LLC acquired a new stake in shares of Terex during the third quarter worth $41,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Terex by 74.6% in the third quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 504 shares during the period. Institutional investors own 92.88% of the company’s stock.

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.