Regents Gate Capital LLP acquired a new stake in Terex Co. (NYSE:TEX - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 120,313 shares of the industrial products company's stock, valued at approximately $5,561,000. Terex comprises approximately 2.2% of Regents Gate Capital LLP's investment portfolio, making the stock its 19th biggest holding. Regents Gate Capital LLP owned approximately 0.18% of Terex as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in shares of Terex by 83.3% in the 3rd quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company's stock valued at $39,000 after buying an additional 335 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Terex in the 3rd quarter valued at $40,000. Truvestments Capital LLC acquired a new stake in shares of Terex in the 3rd quarter valued at $41,000. Blue Trust Inc. increased its stake in shares of Terex by 89.3% in the 3rd quarter. Blue Trust Inc. now owns 969 shares of the industrial products company's stock valued at $53,000 after buying an additional 457 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Terex by 74.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company's stock valued at $62,000 after buying an additional 504 shares during the period. Institutional investors own 92.88% of the company's stock.
Analyst Ratings Changes
TEX has been the subject of several research reports. Truist Financial lowered their target price on Terex from $65.00 to $58.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. Barclays decreased their price objective on Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a research note on Monday. JPMorgan Chase & Co. decreased their price objective on Terex from $59.00 to $52.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. StockNews.com cut Terex from a "hold" rating to a "sell" rating in a research note on Friday, February 7th. Finally, Robert W. Baird decreased their price objective on Terex from $65.00 to $55.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $56.11.
Get Our Latest Research Report on Terex
Insider Activity
In other news, CEO Simon Meester sold 9,877 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total value of $505,109.78. Following the sale, the chief executive officer now directly owns 127,858 shares in the company, valued at $6,538,658.12. The trade was a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David A. Sachs purchased 10,000 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average price of $51.30 per share, for a total transaction of $513,000.00. Following the completion of the acquisition, the director now owns 107,500 shares of the company's stock, valued at approximately $5,514,750. This represents a 10.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.90% of the company's stock.
Terex Trading Up 0.1 %
TEX stock traded up $0.05 during midday trading on Thursday, hitting $44.93. 871,128 shares of the company's stock were exchanged, compared to its average volume of 815,822. The stock's fifty day moving average price is $46.91 and its 200-day moving average price is $51.55. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.16 and a current ratio of 2.16. The company has a market cap of $3.00 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of 4.53 and a beta of 1.54. Terex Co. has a one year low of $43.23 and a one year high of $68.08.
Terex (NYSE:TEX - Get Free Report) last posted its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.01. Terex had a return on equity of 21.99% and a net margin of 6.54%. During the same quarter last year, the firm earned $1.88 EPS. Research analysts predict that Terex Co. will post 5.03 earnings per share for the current fiscal year.
Terex Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.51%. Terex's dividend payout ratio (DPR) is 13.71%.
Terex Profile
(
Free Report)
Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.
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