Cascade Investment Advisors Inc. Buys New Shares in Terex Co. (NYSE:TEX)

Cascade Investment Advisors Inc. purchased 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 (SEC). The fund purchased 23,150 shares of the industrial products company's stock, valued at approximately $1,070,000.

Other large investors have also recently bought and sold shares of the company. Chartwell Investment Partners LLC acquired a new stake in Terex in the third quarter worth $559,000. GSA Capital Partners LLP bought a new stake in shares of Terex during the third quarter worth $615,000. Barclays PLC increased its position in shares of Terex by 40.2% during the third quarter. Barclays PLC now owns 129,250 shares of the industrial products company's stock worth $6,838,000 after acquiring an additional 37,072 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Terex during the third quarter worth $4,283,000. Finally, Citigroup Inc. increased its position in shares of Terex by 65.6% during the third quarter. Citigroup Inc. now owns 70,443 shares of the industrial products company's stock worth $3,727,000 after acquiring an additional 27,896 shares in the last quarter. Institutional investors own 92.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Citigroup decreased their target price on shares of Terex from $57.00 to $48.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price objective 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. Robert W. Baird cut their target price on shares of Terex from $65.00 to $55.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st. Finally, Truist Financial cut their target price on shares of Terex from $65.00 to $58.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Terex currently has a consensus rating of "Hold" and an average price target of $56.63.

Insider Activity at Terex

In other Terex news, CEO Simon Meester sold 9,877 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total transaction of $505,109.78. Following the sale, the chief executive officer now directly owns 127,858 shares of the company's stock, valued at $6,538,658.12. The trade was a 7.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David A. Sachs bought 10,000 shares of Terex stock in a transaction on Wednesday, December 11th. The shares were acquired at an average cost of $51.30 per share, for a total transaction of $513,000.00. Following the completion of the acquisition, the director now directly owns 107,500 shares in the company, valued at approximately $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 currently owned by insiders.

Terex Price Performance

Shares of Terex stock traded down $1.09 during midday trading on Friday, hitting $47.89. 401,370 shares of the company traded hands, compared to its average volume of 626,660. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 6.99, a PEG ratio of 4.45 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 2.39. The firm's fifty day moving average price is $48.63 and its 200-day moving average price is $52.62. Terex Co. has a 12 month low of $43.50 and a 12 month high of $68.08.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.15. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.16 billion. Terex had a net margin of 9.08% and a return on equity of 24.92%. The firm's revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.75 EPS. As a group, sell-side analysts forecast that Terex Co. will post 6.09 earnings per share for the current year.

Terex Profile

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.