Published On: Tue, Sep 13th, 2016

Matthew Fearon Sells 3,632 Shares of Terex Corp. (TEX) Stock

Terex Corp. (NYSE:TEX) insider Matthew Fearon sold 3,632 shares of the company’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $24.69, for a total value of $89,674.08. Following the transaction, the insider now directly owns 111,114 shares in the company, valued at approximately $2,743,404.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Matthew Fearon also recently made the following trade(s):

On Tuesday, August 16th, Matthew Fearon sold 4,135 shares of Terex Corp. stock. The stock was sold at an average price of $24.22, for a total value of $100,149.70.

Terex Corp. (NYSE:TEX) opened at 24.66 on Tuesday. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 49.92 and a beta of 3.12. Terex Corp. has a 1-year low of $13.62 and a 1-year high of $25.57. The company has a 50-day moving average price of $23.88 and a 200 day moving average price of $22.98.

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Terex Corp. (NYSE:TEX) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.10. Terex Corp. had a return on equity of 9.63% and a net margin of 0.92%. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the firm earned $0.78 EPS. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. Equities analysts anticipate that Terex Corp. will post $0.96 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 19th. Stockholders of record on Wednesday, August 10th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Monday, August 8th. Terex Corp.’s dividend payout ratio (DPR) is presently 57.14%.
Institutional investors have recently modified their holdings of the stock. IBM Retirement Fund boosted its position in shares of Terex Corp. by 1.1% in the second quarter. IBM Retirement Fund now owns 10,682 shares of the company’s stock valued at $217,000 after buying an additional 113 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Terex Corp. by 0.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 18,852 shares of the company’s stock valued at $383,000 after buying an additional 116 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Terex Corp. by 3.8% in the second quarter. PNC Financial Services Group Inc. now owns 8,875 shares of the company’s stock valued at $182,000 after buying an additional 323 shares during the period. Farmers & Merchants Investments Inc. boosted its position in shares of Terex Corp. by 0.9% in the second quarter. Farmers & Merchants Investments Inc. now owns 36,813 shares of the company’s stock valued at $748,000 after buying an additional 346 shares during the period. Finally, Utah Retirement Systems boosted its position in shares of Terex Corp. by 2.1% in the second quarter. Utah Retirement Systems now owns 19,211 shares of the company’s stock valued at $390,000 after buying an additional 400 shares during the period. Institutional investors own 81.01% of the company’s stock.
A number of research analysts recently weighed in on TEX shares. Bank of America Corp. reaffirmed an “underperform” rating on shares of Terex Corp. in a report on Thursday, July 7th. Barclays PLC dropped their price objective on Terex Corp. from $25.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday, July 11th. Zacks Investment Research raised Terex Corp. from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Tuesday, June 28th. BMO Capital Markets reiterated a “hold” rating and set a $24.00 target price on shares of Terex Corp. in a research report on Monday, August 29th. Finally, Robert W. Baird upgraded Terex Corp. from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $24.00 to $30.00 in a research report on Tuesday, May 17th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $23.70.
Terex Corp. Company Profile
Terex Corporation is a lifting and material handling solutions company. The Company is focused on providing its operations and delivering solutions for a range of commercial applications, including the construction, infrastructure, mining, manufacturing, transportation, energy and utility industries.

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