Today, the VP Controller & CAO of Terex Corp (NYSE: TEX), Mark Clair, sold shares of TEX for $449.9K.
Following Mark Clair’s last TEX Sell transaction on November 18, 2016, the stock climbed by 10.8%.
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Based on Terex Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.26 billion and quarterly net profit of $47.6 million. In comparison, last year the company earned revenue of $1.01 billion and had a GAAP net loss of $60.3 million. TEX’s market cap is $2.97B and the company has a P/E ratio of 21.38. Currently, Terex Corp has an average volume of 1.44M.
Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $45.63, reflecting a -12.7% downside. Five different firms, including Barclays and Merrill Lynch, currently also have a Sell rating on the stock.
The insider sentiment on Terex Corp has been negative according to 111 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Mark Clair’s trades have generated a -52.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Terex Corp. engages in manufacture of machinery products. It operates through the following segments: Aerial Work Platforms; Cranes; and Materials Processing. The Aerial Work Platforms segment designs, manufactures, services and markets aerial work platform equipment, telehandlers and light towers.
