Cerity Partners LLC Sells 13,795 Shares of Terex Co. (NYSE:TEX)

Cerity Partners LLC cut its holdings in shares of Terex Co. (NYSE:TEX - Free Report) by 55.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,930 shares of the industrial products company's stock after selling 13,795 shares during the period. Cerity Partners LLC's holdings in Terex were worth $541,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp bought a new stake in Terex in the fourth quarter worth about $31,000. Smartleaf Asset Management LLC raised its stake in Terex by 46.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 222 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Terex during the 3rd quarter worth about $40,000. VisionPoint Advisory Group LLC acquired a new position in shares of Terex in the fourth quarter worth $51,000. Finally, Blue Trust Inc. lifted its stake in Terex by 26.8% in the fourth quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock valued at $57,000 after acquiring an additional 260 shares during the last quarter. Institutional investors own 92.88% of the company's stock.

Insider Buying and Selling at Terex

In other Terex news, Director Andra Rush purchased 1,325 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $36.96 per share, with a total value of $48,972.00. Following the acquisition, the director now directly owns 23,308 shares of the company's stock, valued at approximately $861,463.68. This trade represents a 6.03 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Truist Financial lowered their target price on shares of Terex from $58.00 to $47.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Barclays reduced their price objective on Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. Morgan Stanley dropped their target price on shares of Terex from $43.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. UBS Group downgraded shares of Terex from a "neutral" rating to a "sell" rating and reduced their price target for the company from $49.00 to $32.00 in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Terex from $48.00 to $38.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $45.60.

Terex Price Performance

NYSE:TEX traded down $0.58 during mid-day trading on Friday, hitting $35.75. The company's stock had a trading volume of 235,064 shares, compared to its average volume of 900,089. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 7.22, a P/E/G ratio of 4.53 and a beta of 1.40. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. Terex Co. has a fifty-two week low of $31.53 and a fifty-two week high of $68.08. The stock has a fifty day moving average of $38.46 and a 200-day moving average of $46.07.

Terex (NYSE:TEX - Get Free Report) last posted its earnings results on Thursday, February 6th. The industrial products company reported $0.77 EPS 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 in the prior year, the firm posted $1.88 earnings per share. As a group, equities analysts forecast that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.90%. The ex-dividend date was Friday, March 7th. Terex's dividend payout ratio is currently 13.71%.

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.