Terex Director David Sachs Increases Investment with Purchase of 50K Shares

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Terex Corporation ($NYSE:TEX) is a global manufacturer of lifting and material processing products and services that deliver lifecycle solutions to maximize customer return on investment. This month, Terex’s director, David Sachs, has revealed that he has increased his investment by purchasing 50,000 shares of the company. This purchase marks a major vote of confidence from Sachs in the long-term potential of Terex. During his tenure, the company has seen tremendous growth and success. This success is evidenced by the fact that he has chosen to increase his ownership of the company by 50,000 shares.

The increased investment further demonstrates Sachs’ faith in the continued success of Terex. With such a respected and experienced leader investing in the company, investors have good reason to trust in the potential of Terex. As Sachs continues to lead Terex into the future, it will be exciting to see what success the company is able to achieve.

Stock Price

On Wednesday, TEREX CORPORATION made headlines when its director, David Sachs, increased his investment in the company with the purchase of 50,000 shares. This significant purchase drove the stock price up by 3.2%, with it opening at $51.1 and closing at $52.7. This increase is a positive sign for investors, as it further demonstrates Sachs’ commitment to the company’s success. It also reflects the confidence that the current market has in TEREX CORPORATION’s future prospects and growth potential. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Terex Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Terex Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Terex Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Terex Corporation are shown below. More…

Analysis

At GoodWhale, we recently conducted an analysis of TEREX CORPORATION‘s wellbeing. The results of our analysis, as indicated by TEREX CORPORATION’s Star Chart, demonstrate a high health score of 9/10 with regard to cashflows and debt, indicating that the company is likely capable of safely riding out any crisis without the risk of bankruptcy. Additionally, TEREX CORPORATION is strong in asset, dividend, and medium in growth and profitability. We classify TEREX CORPORATION as a ‘gorilla’ type of company – one that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Given these strong results, we believe that investors with a long-term outlook may be interested in TEREX CORPORATION as an investment opportunity. The company’s ability to remain profitable during economic downturns suggests that it may be a strong and reliable option for those looking for stable and long-term returns. More…

Peers

Terex Corp is one of the largest manufacturers of construction and mining equipment in the world. The company operates in four segments: Aerial Work Platforms, Construction, Cranes, and Materials Processing. Terex Corp has a long history dating back to 1925, and its products are sold in over 170 countries around the globe. The company’s main competitors are Astec Industries Inc, Kito Corp, and Action Construction Equipment Ltd.

– Astec Industries Inc ($NASDAQ:ASTE)

Astec Industries is a publicly traded company that manufactures and sells equipment for the mining, aggregate, and infrastructure industries. The company has a market capitalization of $967.32 million and a return on equity of -0.71%. Astec Industries produces and sells a variety of products, including crushers, screens, and other equipment used in mining and aggregate processing. The company also manufactures and sells a variety of products used in infrastructure projects, such as asphalt plants and concrete plants.

– Kito Corp ($TSE:6409)

Kito Corp is a Japanese engineering company that designs and manufactures products for a wide range of industries, including construction, automotive, electronics, and aerospace. The company has a market cap of 55.99 billion as of 2022 and a return on equity of 11.34%. Kito Corp is a publicly traded company listed on the Tokyo Stock Exchange.

– Action Construction Equipment Ltd ($BSE:532762)

Action Construction Equipment Ltd is an Indian company that manufactures and sells construction equipment. The company has a market cap of 38.21B as of 2022 and a Return on Equity of 15.7%. Action Construction Equipment Ltd is a leading manufacturer of construction equipment in India with a market share of over 60%. The company offers a wide range of products including excavators, loaders, dumpers, and cranes.

Summary

Terex Corporation is an American global manufacturer of construction and mining equipment, utility vehicles, and other heavy equipment. The company has recently come under scrutiny for its investment decisions as its director, David Sachs, disclosed the purchase of 50K shares. This decision had a positive effect on the stock price, which moved up the same day.

However, analysts are still uncertain as to whether this decision was a smart move due to other market dynamics. Investors considering investing in Terex Corporation should conduct thorough research and analysis into their business operations and financial statements in order to make informed decisions.

Additionally, they should consider their risk-appetite before making investment decisions. Ultimately, Terex Corporation remains an attractive investment opportunity for those willing to take on the risks associated with this type of investment.