Entropy Technologies LP Sells 11,296 Shares of Terex Co. (NYSE:TEX)

Entropy Technologies LP cut its holdings in shares of Terex Co. (NYSE:TEX - Free Report) by 64.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,257 shares of the industrial products company's stock after selling 11,296 shares during the period. Entropy Technologies LP's holdings in Terex were worth $289,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TEX. Point72 Asset Management L.P. bought a new position in Terex during the 3rd quarter worth $4,283,000. Foundry Partners LLC acquired a new position in shares of Terex during the third quarter valued at about $3,881,000. Bridgewater Associates LP boosted its stake in Terex by 176.1% during the 3rd quarter. Bridgewater Associates LP now owns 79,009 shares of the industrial products company's stock valued at $4,180,000 after purchasing an additional 50,389 shares during the last quarter. Curated Wealth Partners LLC raised its stake in shares of Terex by 28.3% in the fourth quarter. Curated Wealth Partners LLC now owns 226,922 shares of the industrial products company's stock worth $10,488,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Holocene Advisors LP grew its holdings in Terex by 451.6% during the third quarter. Holocene Advisors LP now owns 59,731 shares of the industrial products company's stock worth $3,160,000 after buying an additional 48,902 shares in the last quarter. Institutional investors own 92.88% of the company's stock.

Terex Trading Up 1.3 %

Shares of TEX stock traded up $0.59 on Monday, hitting $45.52. 711,603 shares of the company's stock traded hands, compared to its average volume of 721,582. 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 stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 9.18, a P/E/G ratio of 4.53 and a beta of 1.54. The company's fifty day simple moving average is $46.62 and its 200 day simple moving average is $51.13. 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 released its quarterly earnings data 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 period in the prior year, the company earned $1.88 EPS. Equities analysts forecast that Terex Co. will post 5.03 EPS for the current year.

Terex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Friday, March 7th. Terex's dividend payout ratio (DPR) is currently 13.71%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TEX shares. Robert W. Baird dropped their target price on shares of Terex from $65.00 to $55.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. Barclays decreased their price objective on shares of Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. JPMorgan Chase & Co. decreased their price target on shares of 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 lowered Terex from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Finally, Truist Financial lowered their target price on Terex from $65.00 to $58.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $56.11.

Insider Activity

In other Terex news, CEO Simon Meester sold 9,877 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total value 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. This represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Sachs acquired 10,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were bought at an average price of $51.30 per share, with a total value of $513,000.00. Following 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 position. The disclosure for this purchase can be found here. Insiders own 1.90% of the company's stock.

Terex Company 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.