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NORWALK, Conn.—Patrick S. Carroll, President of Environmental Solutions at Terex Corp (NYSE:TEX), recently acquired shares of the company’s common stock, according to a regulatory filing. On March 6, Carroll purchased 57 shares at a price of $40.37 each, totaling approximately $2,301. The purchase comes as InvestingPro analysis shows Terex trading at an attractive P/E ratio of 8.1, with the company maintaining a "GOOD" overall financial health score.
The shares were acquired through payroll deductions as part of Terex’s Deferred Compensation Plan. Following this transaction, Carroll holds 70,993 shares, which includes previously reported restricted stock units. This acquisition reflects Carroll’s continued investment in Terex, a company specializing in industrial trucks, tractors, trailers, and stackers. The company has maintained dividend payments for 13 consecutive years, with current annual dividend yield at 1.66%. For deeper insights into insider trading patterns and comprehensive analysis, access the full Terex research report on InvestingPro, covering over 1,400 top US stocks.
In other recent news, Terex Corporation has released its latest financial statements, providing investors with detailed insights into its past performance. The company has adhered to SEC reporting requirements, ensuring transparency and reliability in its financial disclosures. Meanwhile, Barclays (LON:BARC) has maintained an Equalweight rating on Terex but reduced its price target from $60 to $52, citing challenges in the machinery markets and Terex’s recent business performance. Despite these challenges, Barclays expects an improved outlook for Terex beyond 2025, particularly in the Aerial Work Platforms segment and the European Materials Processing sector.
Additionally, Barclays noted that Terex’s operations have faced market challenges more swiftly than anticipated, leading to a cautious stance for the remainder of the year. The firm, however, acknowledges Terex’s efforts in building an Environmental, Social, and Governance (ESG) bridge, which could positively influence the company’s future performance. As Terex navigates these market conditions, it continues to focus on meeting its operational targets and managing external economic factors. These recent developments provide investors with essential information to evaluate Terex’s current position and future prospects.
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