In a show of confidence in their respective companies, Jeffrey M. Levy of Community Bank System (NYSE:CBU)'s Commercial Banking and Andra Rush, Director at Terex (NYSE:TEX), made notable insider purchases last Wednesday. These transactions were highlighted in the "Insider Buying Report: CBU, TEX".
Levy, marking his first purchase in a year, acquired 1,300 shares of Community Bank System (NYSE:CBU) at $38.60 each. The total investment amounted to $50,186. On the same day, the shares experienced a 4% rise to $40.14.
Simultaneously, Rush bought 1,130 shares of Terex (NYSE:TEX) at $44.31 each for a total of $50,070. The shares saw a 4.5% increase to $46.31 on the same day.
The insider buying comes despite minor market downturns observed last week. Both Levy and Rush's actions signal an optimistic outlook for their respective companies' growth.
InvestingPro Insights
For Community Bank System (CBU), two key InvestingPro Tips stand out. Firstly, despite a declining trend in earnings per share, the company has raised its dividend for 25 consecutive years, demonstrating a commitment to returning capital to shareholders. Secondly, despite a weak gross profit margin, the company has maintained dividend payments for 40 consecutive years, further emphasizing its shareholder-friendly approach.
InvestingPro Data for CBU indicates a Market Cap of $2130 million, a P/E Ratio of 14.27, and a Dividend Yield of 4.51% as of the end of 2023.
Turning to Terex (TEX), InvestingPro Tips highlight a perfect Piotroski Score of 9, indicating strong financial health. Additionally, the company has seen accelerating revenue growth, and operates with a high return on assets, suggesting effective management of company resources.
InvestingPro Data for TEX reveals a Market Cap of $3150 million, a P/E Ratio of 6.51, and a Dividend Yield of 1.48% as of the end of 2023.
For more insights like these, consider exploring the wealth of additional tips and data available on InvestingPro.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.