Secured Retirement Advisors LLC bought a new position in shares of Terex Co. (NYSE:TEX - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 17,465 shares of the industrial products company's stock, valued at approximately $807,000.
A number of other large investors have also modified their holdings of the business. Creative Planning grew its holdings in Terex by 15.4% during the third quarter. Creative Planning now owns 19,998 shares of the industrial products company's stock worth $1,058,000 after acquiring an additional 2,664 shares during the period. nVerses Capital LLC grew its stake in shares of Terex by 15.8% during the 3rd quarter. nVerses Capital LLC now owns 4,400 shares of the industrial products company's stock worth $233,000 after purchasing an additional 600 shares during the period. Stratos Wealth Advisors LLC grew its stake in shares of Terex by 32.9% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 32,958 shares of the industrial products company's stock worth $1,744,000 after purchasing an additional 8,153 shares during the period. Blue Trust Inc. increased its holdings in shares of Terex by 89.3% in the 3rd quarter. Blue Trust Inc. now owns 969 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 457 shares in the last quarter. Finally, Vest Financial LLC lifted its stake in shares of Terex by 38.7% in the third quarter. Vest Financial LLC now owns 28,573 shares of the industrial products company's stock valued at $1,512,000 after purchasing an additional 7,974 shares during the period. 92.88% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have weighed in on TEX. Evercore ISI lowered their target price on shares of Terex from $63.00 to $59.00 and set an "outperform" rating on the stock in a research report on Wednesday. Barclays dropped their price objective on Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. StockNews.com lowered Terex from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Citigroup cut their price target on Terex from $57.00 to $48.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Finally, Robert W. Baird lowered their price objective on shares of Terex from $65.00 to $55.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $56.11.
Get Our Latest Report on Terex
Terex Trading Down 0.7 %
NYSE:TEX traded down $0.34 on Wednesday, reaching $47.22. The stock had a trading volume of 646,958 shares, compared to its average volume of 811,971. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 9.52, a P/E/G ratio of 4.53 and a beta of 1.54. Terex Co. has a 12-month low of $43.23 and a 12-month high of $68.08. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. The firm's fifty day moving average is $46.49 and its two-hundred day moving average is $51.06.
Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same quarter in the prior year, the business earned $1.88 EPS. Equities analysts expect that Terex Co. will post 4.83 EPS for the current fiscal year.
Terex Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, March 7th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.68 annualized dividend and a yield of 1.44%. Terex's payout ratio is currently 13.71%.
Insider Activity at Terex
In related 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 value of $505,109.78. Following the completion of the sale, the chief executive officer now directly owns 127,858 shares in the company, valued at approximately $6,538,658.12. The trade was a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Sachs purchased 10,000 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were bought at an average cost of $51.30 per share, for a total transaction of $513,000.00. Following the purchase, the director now owns 107,500 shares of the company's stock, valued at $5,514,750. This trade represents a 10.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.90% of the company's stock.
About Terex
(
Free Report)
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.
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