Terex Co. (NYSE:TEX) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. decreased its stake in Terex Co. (NYSE:TEX - Free Report) by 49.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 473,900 shares of the industrial products company's stock after selling 466,818 shares during the period. Goldman Sachs Group Inc. owned approximately 0.71% of Terex worth $27,230,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Curated Wealth Partners LLC raised its position in Terex by 48.1% during the fourth quarter. Curated Wealth Partners LLC now owns 176,922 shares of the industrial products company's stock worth $10,166,000 after acquiring an additional 57,500 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in Terex during the third quarter valued at about $294,000. International Assets Investment Management LLC increased its stake in Terex by 5,549.8% during the fourth quarter. International Assets Investment Management LLC now owns 128,193 shares of the industrial products company's stock worth $7,366,000 after acquiring an additional 125,924 shares during the last quarter. Trexquant Investment LP raised its holdings in shares of Terex by 49.2% in the 3rd quarter. Trexquant Investment LP now owns 64,448 shares of the industrial products company's stock worth $3,713,000 after purchasing an additional 21,257 shares during the period. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in Terex during the third quarter valued at approximately $302,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Terex news, VP Scott Posner sold 12,500 shares of the company's stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $60.48, for a total value of $756,000.00. Following the completion of the sale, the vice president now directly owns 58,224 shares in the company, valued at $3,521,387.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO John L. Garrison, Jr. sold 50,000 shares of the business's stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $64.28, for a total transaction of $3,214,000.00. Following the transaction, the chief executive officer now directly owns 315,483 shares in the company, valued at approximately $20,279,247.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Scott Posner sold 12,500 shares of Terex stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $60.48, for a total transaction of $756,000.00. Following the completion of the sale, the vice president now owns 58,224 shares of the company's stock, valued at $3,521,387.52. The disclosure for this sale can be found here. Insiders sold 82,929 shares of company stock worth $5,172,307 over the last three months. Corporate insiders own 1.90% of the company's stock.

Analyst Ratings Changes

TEX has been the topic of several analyst reports. Truist Financial assumed coverage on Terex in a report on Thursday, March 14th. They set a "buy" rating and a $73.00 target price on the stock. JPMorgan Chase & Co. lowered shares of Terex from an "overweight" rating to a "neutral" rating and set a $63.00 price target for the company. in a report on Monday, March 18th. Finally, UBS Group lifted their target price on Terex from $62.00 to $64.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Terex presently has a consensus rating of "Hold" and a consensus target price of $65.33.

Terex Stock Performance

NYSE TEX traded up $0.43 during trading hours on Monday, hitting $53.93. The company had a trading volume of 770,599 shares, compared to its average volume of 742,393. Terex Co. has a fifty-two week low of $43.70 and a fifty-two week high of $65.89. The firm has a market cap of $3.63 billion, a P/E ratio of 7.14 and a beta of 1.61. The company has a quick ratio of 1.06, a current ratio of 2.16 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $58.61 and a 200-day simple moving average of $58.82.

Terex (NYSE:TEX - Get Free Report) last announced its earnings results on Thursday, April 25th. The industrial products company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.23. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.23 billion. Terex had a return on equity of 30.53% and a net margin of 9.87%. Equities analysts predict that Terex Co. will post 7.09 EPS for the current year.

Terex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, June 6th. Terex's dividend payout ratio is currently 9.01%.

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.