TEX - DAVID SACHS Of Terex Shows Optimism Buys $2.55M In Stock | Benzinga
It was revealed in a recent SEC filing that DAVID SACHS, Director at Terex (NYSE:TEX) made a noteworthy insider purchase on December 13,.
What Happened: In a recent Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday, SACHS increased their investment in Terex by purchasing 50,000 shares through open-market transactions, signaling confidence in the company's potential. The total transaction value is $2,552,250.
The latest market snapshot at Thursday morning reveals Terex shares up by 8.46%, trading at $57.19.
About Terex
Terex is a global manufacturer of aerial work platforms, materials processing equipment, and specialty equipment, such as material handlers, cranes, and concrete mixer trucks. Its current composition is a result of numerous acquisitions over several decades and a recent shift to focus on its two core segments after divesting a handful of underperforming businesses. Terex's remaining segments see heavy demand in nonresidential construction as well as in maintenance, manufacturing, energy, and materials management.
A Deep Dive into Terex's Financials
Revenue Growth: Terex's remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an impressive revenue growth rate of 15.14%. This signifies a substantial increase in the ...