Proficio Capital Partners LLC Invests $1.42 Million in Terex Co. (NYSE:TEX)

Proficio Capital Partners LLC bought a new stake in Terex Co. (NYSE:TEX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 30,805 shares of the industrial products company's stock, valued at approximately $1,424,000.

Several other hedge funds have also modified their holdings of the stock. M&T Bank Corp grew its position in Terex by 13.0% in the fourth quarter. M&T Bank Corp now owns 5,923 shares of the industrial products company's stock valued at $274,000 after acquiring an additional 682 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Terex by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 982,636 shares of the industrial products company's stock valued at $45,417,000 after purchasing an additional 41,758 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in Terex during the 4th quarter worth $31,000. Smartleaf Asset Management LLC lifted its holdings in Terex by 46.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock worth $32,000 after buying an additional 222 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in Terex by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 1,890,625 shares of the industrial products company's stock valued at $87,385,000 after buying an additional 41,685 shares during the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Terex Stock Performance

Shares of NYSE TEX traded up $1.85 during midday trading on Monday, hitting $40.94. The company's stock had a trading volume of 1,002,222 shares, compared to its average volume of 841,015. The firm has a market cap of $2.72 billion, a P/E ratio of 8.25, a P/E/G ratio of 4.53 and a beta of 1.56. Terex Co. has a 1-year low of $36.15 and a 1-year high of $68.08. The firm's fifty day moving average price is $44.09 and its 200-day moving average price is $48.87. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16.

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Terex (NYSE:TEX - Get Free Report) last issued its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share 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 last year, the firm earned $1.88 EPS. On average, sell-side analysts forecast that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.66%. The ex-dividend date was Friday, March 7th. Terex's dividend payout ratio is currently 13.71%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TEX shares. Truist Financial cut their price target on Terex from $65.00 to $58.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. Evercore ISI cut their target price on Terex from $63.00 to $59.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Citigroup decreased their price target on shares of Terex from $48.00 to $45.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. StockNews.com cut shares of Terex from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Finally, 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Terex presently has an average rating of "Hold" and an average price target of $54.22.

Insider Activity at Terex

In related news, Director Andra Rush bought 1,325 shares of the stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $36.96 per share, with a total value of $48,972.00. Following the purchase, the director now owns 23,308 shares in the company, valued at approximately $861,463.68. This represents a 6.03 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.90% of the stock is owned by insiders.

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.