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NORWALK, CT—Rush Andra, a director at Terex Corp (NYSE:TEX), recently purchased 1,325 shares of the company’s common stock, according to a recent SEC filing. The shares were acquired at a price of $36.96 each, amounting to a total transaction value of $48,972. Following this purchase, Andra now holds 23,308 shares directly. The purchase comes as Terex trades at an attractive P/E ratio of 7.7x, with InvestingPro analysis indicating the stock is currently undervalued.
This acquisition underscores Andra’s continued interest in Terex, a company known for its industrial trucks, tractors, trailers, and stackers. The transaction was executed on March 4, 2025, with the filing made public on March 6, 2025. The company maintains strong fundamentals with a healthy current ratio of 2.16 and has maintained dividend payments for 13 consecutive years. InvestingPro subscribers can access 8 additional key insights and a comprehensive analysis of Terex’s financial health and growth prospects.
In other recent news, Terex Corporation has released its financial statements, providing a detailed look at the company’s past performance without any forward-looking projections. The release is in line with standard reporting procedures for publicly traded companies, ensuring transparency for investors and stakeholders. Barclays (LON:BARC) has maintained an Equalweight rating on Terex but has reduced the stock price target from $60 to $52. This adjustment is attributed to the machinery markets’ cyclical nature and Terex’s recent operational challenges.
Despite these challenges, Barclays remains optimistic about Terex’s prospects beyond 2025, particularly in the Aerial Work Platforms segment and the European Materials Processing sector. The firm’s cautious stance is due to the expected steep ramp-up in the latter half of the year. Meanwhile, Terex is also focusing on building an Environmental, Social, and Governance (ESG) bridge, which could positively impact future performance. These developments suggest that Terex is navigating complex market conditions while striving to meet its operational goals.
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