In a recent transaction, Amy George, Senior Vice President of Human Resources at Terex Corp (NYSE:TEX), sold 12,000 shares of the company's common stock, resulting in a total sale value of approximately $756,480. The shares were sold at an average price of $63.04, with individual sales prices ranging from $63.00 to $63.13.
The transaction, which took place on May 15, 2024, was disclosed in a regulatory filing with the Securities and Exchange Commission. Following this sale, George's direct holdings in Terex Corp amount to 92,286 shares. Additionally, George holds an indirect interest of 14 shares through a 401(k) plan.
Investors often monitor insider transactions as they provide insights into the perspectives of company executives and their expectations for the company's future performance. The details of the transaction, including the range of prices at which the shares were sold, can be provided upon request by the SEC staff, Terex Corporation, or a security holder of Terex Corporation, as stated in the footnotes of the filing.
Terex Corporation, based in Norwalk, Connecticut, is known for manufacturing industrial trucks, tractors, trailers, and stackers. The company has established a significant presence in the industrial equipment sector and is incorporated in Delaware.
This latest stock sale by a key executive at Terex Corporation offers investors a glimpse into insider activity at the company, which can be a valuable piece of information for those making investment decisions.
InvestingPro Insights
Terex Corp (NYSE:TEX), a significant player in the industrial equipment sector, has shown notable financial metrics as of the last twelve months leading up to Q1 2024. With a market capitalization of $4.06 billion and a P/E ratio that has been adjusted to 7.92, Terex presents a potentially attractive valuation for investors. The company's P/E ratio is particularly intriguing when paired with its near-term earnings growth, suggesting that the stock is trading at a low earnings multiple.
Investors tracking the performance of Terex would be interested to know that the company has not only maintained dividend payments for 12 consecutive years but has also increased its dividend for the last three years. This consistency in rewarding shareholders is reflected in a dividend growth of 13.33% over the last twelve months. Moreover, Terex's stock has experienced a large price uptick over the last six months, with a total return of 26.59%, and a robust one-year price total return of 38.81%. Such performance metrics can be particularly relevant for investors looking for companies with strong historical returns.
For those considering an investment in Terex, there are additional InvestingPro Tips available that could provide deeper insights into the company's financial health and future prospects. For instance, Terex operates with a moderate level of debt and has liquid assets that exceed its short-term obligations, which could be a sign of financial stability. Additionally, analysts predict the company will be profitable this year, a sentiment supported by the fact that Terex has been profitable over the last twelve months.
To explore these insights further, investors can find more InvestingPro Tips on Terex at https://www.investing.com/pro/TEX. For those interested in a yearly or biyearly Pro and Pro+ subscription, use the coupon code PRONEWS24 to get an additional 10% off. There are 11 additional InvestingPro Tips listed for Terex on InvestingPro, which could provide valuable information for making a well-informed investment decision.
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