Terex Corp. (NYSE:TEX) CEO Ronald Defeo sold 13,596 shares of the stock on the open market in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $35.01, for a total transaction of $475,995.96. Following the completion of the sale, the chief executive officer now directly owns 1,599,038 shares in the company, valued at approximately $55,982,320. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Terex Corp. (NYSE:TEX) traded up 4.46% on Thursday, hitting $35.59. 4,351,724 shares of the company’s stock traded hands. Terex Corp. has a 52 week low of $20.30 and a 52 week high of $37.12. The stock has a 50-day moving average of $30.33 and a 200-day moving average of $30.92. The company has a market cap of $3.961 billion and a price-to-earnings ratio of 96.52.
Terex Corp. (NYSE:TEX) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.02. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the company posted $0.62 earnings per share. Terex Corp.’s revenue was down .7% compared to the same quarter last year.
A number of analysts have recently weighed in on TEX shares. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Terex Corp. in a research note to investors on Thursday, October 3rd. Separately, analysts at Zacks upgraded shares of Terex Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 24th. They now have a $35.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $36.20.
Terex Corporation is a diversified global equipment manufacturer of machinery products. The Company is focused on delivering reliable, customer-driven solutions for a wide range of commercial applications, including the construction, infrastructure, quarrying, mining, manufacturing, shipping, transportation, refining, energy and utility industries.
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