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Myra Ramdenbourg
Myra Ramdenbourg
Articles (280) 

Weekly CFO Buys Highlight

Terex, Vuzix among stocks traded by insiders

October 17, 2017 | About:

According to GuruFocus Insider Data, the recent chief financial officer (CFO) buys were Terex Corp. (NYSE:TEX) and Vuzix Corp. (NASDAQ:VUZI).

Terex CFO bought 413 shares

Senior Vice President and CFO John D. Sheehan bought 413 shares for $45.44 per share on Oct. 5. The stock price has increased 2.11% since then. Terex has a market cap of $4.15 billion and its shares were trading around $46.40. The company has a price-sales (P/S) ratio of 1.14. The trailing 12-month dividend yield is 0.67% and the forward dividend yield is 0.70%.

Terex posted second-quarter results with revenues of $1.18 billion and gross profit of $240.7 million, while the net income was $100.8 million. The 2016 total revenue was $4.44 billion, a 12% decrease from 2015 total. The 2016 gross profit was $712.4 million, a 27% decrease from the year before. The 2016 net loss was $176.1 million.

Senior Vice President of Human Resources Kevin A. Barr bought five shares for $45.45 per share on Oct. 5. Since then, the stock price has increased 2.09%. Senior Vice President of Finance, Bus Development Brian J. Henry bought 51 shares for $45.45 per share on Oct. 5. Senior Vice President and Secretary of the General Counsel Eric I. Cohen sold 10,000 shares for $45 per share on Sept. 29. The stock price has increased 3.11% since then.

Vuzix CFO bought 2,000 shares

CFO and Executive Vice President Grant Russell bought 2,000 shares for $5.54 per share on Oct. 13. The stock price has declined 2.53% since then. Vuzix has a market cap of $119.74 million and its shares were trading around $5.40. The company has a P/S ratio of 27.83.

Vuzix posted second-quarter results with revenues of $1.33 billion and a gross loss of $429.49 million, while the net loss was $4.07 billion. The total revenue was $2.13 billion in 2016, a 23% decrease from 2015. The gross loss was $1.16 billion in 2016, a 305% decrease from the year before. The 2016 net loss was $19.25 million.

President and CEO Paul J. Travers bought 2,300 shares for $5.45 per share on Sept. 28. Since then, the stock price has fallen 0.92%. Chief Operating Officer Paul A. Boris bought 5,000 shares for $5.2 per share on Oct. 4. The stock price has increased by 3.85% since then.

Disclosure: None.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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