Terex Corporation (NYSE:TEX) VP Scott Posner Sells 5,000 Shares

Key Points

• Terex Corporation's VP, Scott Posner, sold 5,000 shares at an average price of $50.50, totaling $252,500, which decreased his ownership stake by 6.64%.
• Terex announced a quarterly dividend of $0.17 per share, which will be paid to shareholders on September 19th, with an annualized yield of 1.3%.
• Several analysts have updated their price targets for Terex, with a consensus rating of "Moderate Buy" and a target price of $52.22.

Terex Corporation (NYSE:TEX - Get Free Report) VP Scott Posner sold 5,000 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $50.50, for a total value of $252,500.00. Following the transaction, the vice president directly owned 70,308 shares of the company's stock, valued at approximately $3,550,554. This represents a 6.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Terex Stock Up 3.9%

NYSE TEX traded up $1.96 during trading hours on Wednesday, hitting $52.59. The company's stock had a trading volume of 571,563 shares, compared to its average volume of 957,306. Terex Corporation has a 52 week low of $31.53 and a 52 week high of $58.66. The company has a market capitalization of $3.45 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 4.90 and a beta of 1.62. The company has a current ratio of 2.08, a quick ratio of 1.11 and a debt-to-equity ratio of 1.31. The company's 50-day simple moving average is $48.76 and its two-hundred day simple moving average is $43.81.

Terex (NYSE:TEX - Get Free Report) last posted its earnings results on Thursday, July 31st. The industrial products company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.44 by $0.05. Terex had a net margin of 3.46% and a return on equity of 15.95%. The firm had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.46 billion. During the same quarter last year, the firm earned $2.16 EPS. The company's quarterly revenue was up 7.6% compared to the same quarter last year. Research analysts anticipate that Terex Corporation will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 11th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.3%. Terex's dividend payout ratio (DPR) is currently 25.37%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Truist Financial set a $62.00 target price on Terex in a research report on Monday, August 4th. Robert W. Baird upgraded Terex from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $48.00 to $66.00 in a report on Tuesday, May 13th. JPMorgan Chase & Co. raised their target price on Terex from $43.00 to $50.00 and gave the company a "neutral" rating in a research note on Tuesday, June 10th. Baird R W upgraded Terex from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Finally, Morgan Stanley reduced their target price on Terex from $43.00 to $30.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.22.

Institutional Investors Weigh In On Terex

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Terex by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 6,749,354 shares of the industrial products company's stock worth $254,991,000 after purchasing an additional 44,254 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Terex by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,050,434 shares of the industrial products company's stock worth $115,247,000 after purchasing an additional 87,194 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Terex by 8.8% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,338,868 shares of the industrial products company's stock worth $88,362,000 after purchasing an additional 188,195 shares during the period. First Trust Advisors LP raised its holdings in shares of Terex by 43.2% in the 4th quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company's stock worth $89,247,000 after purchasing an additional 582,819 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Terex by 1.4% in the 1st quarter. American Century Companies Inc. now owns 1,765,690 shares of the industrial products company's stock worth $66,708,000 after purchasing an additional 24,484 shares during the period. Institutional investors own 92.88% of the company's stock.

Terex Company Profile

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.

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