J2 Capital Management Inc Makes New Investment in Terex Co. (NYSE:TEX)

J2 Capital Management Inc bought a new position in shares of Terex Co. (NYSE:TEX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,628 shares of the industrial products company's stock, valued at approximately $353,000.

Other hedge funds have also modified their holdings of the company. Greenwich Wealth Management LLC raised its position in Terex by 0.3% in the third quarter. Greenwich Wealth Management LLC now owns 62,371 shares of the industrial products company's stock worth $3,300,000 after acquiring an additional 181 shares in the last quarter. Dorsey Wright & Associates increased its holdings in shares of Terex by 0.3% in the 2nd quarter. Dorsey Wright & Associates now owns 61,309 shares of the industrial products company's stock valued at $3,362,000 after purchasing an additional 186 shares in the last quarter. US Bancorp DE lifted its stake in shares of Terex by 4.0% in the third quarter. US Bancorp DE now owns 5,837 shares of the industrial products company's stock valued at $309,000 after purchasing an additional 227 shares during the period. Lingohr Asset Management GmbH boosted its holdings in Terex by 2.0% during the third quarter. Lingohr Asset Management GmbH now owns 11,516 shares of the industrial products company's stock worth $607,000 after buying an additional 230 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its position in Terex by 4.4% during the third quarter. Verdence Capital Advisors LLC now owns 5,575 shares of the industrial products company's stock worth $295,000 after buying an additional 233 shares during the period. 92.88% of the stock is owned by institutional investors and hedge funds.

Terex Trading Down 0.6 %

Shares of NYSE TEX traded down $0.28 during midday trading on Friday, reaching $47.17. 698,953 shares of the stock were exchanged, compared to its average volume of 724,103. The company has a current ratio of 2.39, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $3.15 billion, a P/E ratio of 6.89, a P/E/G ratio of 4.01 and a beta of 1.55. The stock has a 50 day moving average price of $49.41 and a 200-day moving average price of $52.93. Terex Co. has a 52-week low of $43.50 and a 52-week high of $68.08.

Terex (NYSE:TEX - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.15. Terex had a return on equity of 24.92% and a net margin of 9.08%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the firm posted $1.75 EPS. Terex's revenue was down 6.0% on a year-over-year basis. Equities research analysts expect that Terex Co. will post 6.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Simon Meester sold 9,877 shares of Terex stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total value of $505,109.78. Following the transaction, the chief executive officer now owns 127,858 shares in the company, valued at approximately $6,538,658.12. This trade represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Sachs purchased 10,000 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were purchased at an average price of $51.30 per share, with a total value of $513,000.00. Following the completion of the purchase, the director now directly owns 107,500 shares of the company's stock, valued at $5,514,750. The trade was a 10.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Terex from $59.00 to $52.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Truist Financial decreased their target price on Terex from $65.00 to $58.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. Robert W. Baird dropped their price target on Terex from $65.00 to $55.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. Finally, Citigroup lowered their price objective on shares of Terex from $57.00 to $48.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Terex currently has an average rating of "Hold" and an average price target of $56.67.

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.