Donald L. Hagan LLC Buys New Position in Terex Co. (NYSE:TEX)

Donald L. Hagan LLC acquired a new position in shares of Terex Co. (NYSE:TEX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 25,473 shares of the industrial products company's stock, valued at approximately $1,177,000.

Several other large investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in Terex by 83.3% during the third quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company's stock worth $39,000 after buying an additional 335 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Terex in the third quarter valued at approximately $40,000. Truvestments Capital LLC acquired a new position in Terex during the third quarter worth $41,000. Blue Trust Inc. boosted its position in shares of Terex by 89.3% during the third quarter. Blue Trust Inc. now owns 969 shares of the industrial products company's stock worth $53,000 after buying an additional 457 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of Terex by 74.6% in the third 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 in the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Terex

In other news, CEO Simon Meester sold 9,877 shares of Terex stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total transaction of $505,109.78. Following the sale, the chief executive officer now owns 127,858 shares in the company, valued at approximately $6,538,658.12. The trade was a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David A. Sachs bought 20,000 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $49.75 per share, with a total value of $995,000.00. Following the completion of the transaction, the director now owns 137,500 shares in the company, valued at approximately $6,840,625. This trade represents a 17.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TEX has been the subject of a number of research analyst reports. Robert W. Baird lowered their target price on Terex from $65.00 to $55.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. dropped their price objective on shares of Terex from $59.00 to $52.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. Truist Financial reduced their target price on shares of Terex from $65.00 to $58.00 and set a "buy" rating on the stock in a report on Thursday, December 19th. Finally, Citigroup dropped their price target on shares of Terex from $57.00 to $48.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $56.63.

Terex Stock Up 3.0 %

Terex stock traded up $1.39 during midday trading on Tuesday, reaching $47.38. The company's stock had a trading volume of 328,923 shares, compared to its average volume of 650,908. The business has a 50-day simple moving average of $48.32 and a 200-day simple moving average of $52.38. The company has a market cap of $3.16 billion, a P/E ratio of 6.94, a P/E/G ratio of 4.51 and a beta of 1.54. Terex Co. has a fifty-two week low of $43.50 and a fifty-two week high of $68.08. The company has a quick ratio of 1.16, a current ratio of 2.39 and a debt-to-equity ratio of 0.32.

About Terex

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.