Terex Corp (TEX): Steve Filipov , President, Terex MHPS of Terex Corp sold 10,005 shares on Jun 2, 2016. The Insider selling transaction was reported by the company on Jun 6, 2016 to the Securities and Exchange Commission. The shares were sold at $21.35 per share for a total value of $213,669.23 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 6, 2016, Matthew Fearon (President, Terex AWP) sold 2,250 shares at $21.00 per share price.On Jun 6, 2016, Kenneth D. Lousberg (President, Terex Cranes) purchased 81 shares at $21.38 per share price.Also, On Jun 6, 2016, George Ellis (President, Construction) purchased 22 shares at $21.38 per share price.On Jun 6, 2016, Kevin A Barr (Senior V. P. Human Resources) purchased 11 shares at $21.38 per share price.
Shares of Terex Corporation (TEX) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.67 points or -3.13% at $20.73 with 17,16,498 shares getting traded. Post opening the session at $21.33, the shares hit an intraday low of $20.71 and an intraday high of $21.38 and the price vacillated in this range throughout the day. The company has a market cap of $2,264 M and the number of outstanding shares has been calculated to be 10,92,00,000 shares. The 52-week high of Terex Corporation is $27.11 and the 52-week low is $13.62.
On May 13, 2016, Terex Corporation announced a cash dividend of $0.0700. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jun 20, 2016.
Company has been under the radar of several Street Analysts.Terex Corporation is Downgraded by Morgan Stanley to Equal-Weight while Lowering the Price Target of the company shares to $ 21 from a previous price target of $26 . Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on May 31, 2016.Terex Corporation is Upgraded by Robert W. Baird to Outperform and the brokerage firm has raised the Price Target to $ 30 from a previous price target of $24 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 17, 2016.Terex Corporation is Upgraded by Wells Fargo to Outperform. Earlier the firm had a rating of Market Perform on the company shares. The Rating was issued on May 17, 2016.Terex Corporation is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 26 from a previous price target of $22 .The Rating was issued on May 17, 2016.
Terex Corporation is a lifting and material handling solutions company. The Company is focused providing its operations and delivering solutions for a range of commercial applications including the construction infrastructure quarrying mining manufacturing transportation energy and utility industries. The Company operates in business segments: Aerial Work Platforms Construction Cranes Material Handling & Port Solutions and Materials Processing. Its products are manufactured in North and South America Europe Australia and Asia and sold across the world. It offers a range of products including portable material lifts telehandlers wheel loaders midi excavators site dumpers tower cranes utility equipment industrial cranes reach stackers washing systems chippers and sprinter carriers among others. Its brands include Terex Genie Demag and Powerscreen.