Stephen Johnston Sells 3,239 Shares of Terex Co. (NYSE:TEX) Stock

Terex Co. (NYSE:TEX - Get Free Report) CAO Stephen Johnston sold 3,239 shares of Terex stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $62.00, for a total transaction of $200,818.00. Following the sale, the chief accounting officer now owns 14,606 shares of the company's stock, valued at $905,572. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Terex Price Performance

NYSE TEX traded down $0.29 during trading hours on Wednesday, hitting $61.86. 351,996 shares of the company's stock traded hands, compared to its average volume of 733,121. Terex Co. has a 52-week low of $43.70 and a 52-week high of $65.89. The company has a market capitalization of $4.16 billion, a PE ratio of 8.19 and a beta of 1.66. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.16 and a quick ratio of 1.06. The firm's 50-day moving average is $61.46 and its 200-day moving average is $57.67.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.23. Terex had a net margin of 9.87% and a return on equity of 30.53%. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.23 billion. Equities analysts forecast that Terex Co. will post 7.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Evercore ISI reduced their target price on shares of Terex from $65.00 to $63.00 and set an "outperform" rating for the company in a report on Tuesday, February 20th. Citigroup lifted their price objective on shares of Terex from $54.00 to $63.00 and gave the company a "neutral" rating in a report on Monday, February 12th. Truist Financial started coverage on shares of Terex in a research report on Thursday, March 14th. They issued a "buy" rating and a $73.00 price objective for the company. UBS Group upped their price objective on shares of Terex from $62.00 to $64.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. downgraded shares of Terex from an "overweight" rating to a "neutral" rating and set a $63.00 price target for the company. in a research report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $65.33.

Institutional Trading of Terex

Several hedge funds have recently made changes to their positions in TEX. Raymond James Financial Services Advisors Inc. boosted its position in shares of Terex by 12.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 7,670 shares of the industrial products company's stock worth $442,000 after purchasing an additional 851 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Terex by 4.8% during the 3rd quarter. Teacher Retirement System of Texas now owns 41,717 shares of the industrial products company's stock worth $2,404,000 after purchasing an additional 1,912 shares during the period. Principal Financial Group Inc. boosted its position in shares of Terex by 2.6% during the 3rd quarter. Principal Financial Group Inc. now owns 286,994 shares of the industrial products company's stock worth $16,537,000 after purchasing an additional 7,313 shares during the period. California Public Employees Retirement System boosted its position in shares of Terex by 78.2% during the 3rd quarter. California Public Employees Retirement System now owns 132,814 shares of the industrial products company's stock worth $7,653,000 after purchasing an additional 58,268 shares during the period. Finally, Private Advisor Group LLC acquired a new stake in Terex during the 3rd quarter worth approximately $413,000. Hedge funds and other 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.