John L. Garrison Jr., former Director, Chairman, and Chief Executive Officer of Terex Corp (TEX, Financial), has sold 75,000 shares of the company on March 21, 2024, according to a recent SEC filing. The transaction was executed at an average price of $60.42 per share, resulting in a total value of $4,531,500.
Terex Corp, headquartered in Westport, Connecticut, is a global manufacturer of lifting and material processing products and services. The company designs, builds, and supports products used in construction, maintenance, manufacturing, energy, minerals, and materials management applications. Terex operates in three segments: Aerial Work Platforms, Cranes, and Materials Processing.
Over the past year, the insider has sold a total of 129,966 shares of Terex Corp and has not made any purchases of the stock. The recent sale by Garrison Jr. is part of a series of insider transactions for the company. In the past year, there have been 4 insider buys and 9 insider sells for Terex Corp.
On the date of the insider's recent sell, shares of Terex Corp were trading at $60.42, giving the company a market capitalization of $4.134 billion. The price-earnings ratio of the stock stands at 8.13, which is below the industry median of 14.455 and also below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.02, indicating that Terex Corp is Fairly Valued based on its GF Value of $59.26. The GF Value is an intrinsic value estimate that considers historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider's recent transaction may provide investors with insight into the company's valuation and insider sentiment. However, it is important to consider a wide range of factors when evaluating the potential future performance of Terex Corp's stock.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
