Stratos Wealth Partners LTD. cut its stake in Terex Co. (NYSE:TEX - Free Report) by 64.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,005 shares of the industrial products company's stock after selling 9,152 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Terex were worth $231,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of TEX. Greenwich Wealth Management LLC lifted its stake in Terex by 0.3% in the 3rd quarter. Greenwich Wealth Management LLC now owns 62,371 shares of the industrial products company's stock worth $3,300,000 after purchasing an additional 181 shares in the last quarter. US Bancorp DE lifted its stake in Terex by 4.0% in the 3rd quarter. US Bancorp DE now owns 5,837 shares of the industrial products company's stock worth $309,000 after purchasing an additional 227 shares in the last quarter. Lingohr Asset Management GmbH lifted its stake in Terex by 2.0% in the 3rd quarter. Lingohr Asset Management GmbH now owns 11,516 shares of the industrial products company's stock worth $607,000 after purchasing an additional 230 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in Terex by 4.4% in the 3rd quarter. Verdence Capital Advisors LLC now owns 5,575 shares of the industrial products company's stock worth $295,000 after purchasing an additional 233 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Terex by 26.8% in the 4th quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock worth $57,000 after purchasing an additional 260 shares in the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
TEX has been the topic of several analyst reports. Citigroup reduced their price target on shares of Terex from $57.00 to $48.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. reduced their price target on shares of Terex from $59.00 to $52.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. StockNews.com lowered shares of Terex from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. Truist Financial reduced their price target on shares of Terex from $65.00 to $58.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. Finally, Robert W. Baird reduced their price target 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $56.11.
Read Our Latest Stock Report on Terex
Insiders Place Their Bets
In other news, CEO Simon Meester sold 9,877 shares of Terex stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total transaction of $505,109.78. Following the completion of the sale, the chief executive officer now directly owns 127,858 shares of the company's stock, valued at approximately $6,538,658.12. The trade was a 7.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Sachs acquired 20,000 shares of the firm's stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of $49.75 per share, with a total value of $995,000.00. Following the completion of the transaction, the director now owns 137,500 shares in the company, valued at approximately $6,840,625. The trade was a 17.02 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.90% of the company's stock.
Terex Trading Up 1.3 %
Terex stock traded up $0.59 during trading on Monday, hitting $45.52. The company had a trading volume of 711,603 shares, compared to its average volume of 721,582. Terex Co. has a 1-year low of $43.23 and a 1-year high of $68.08. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.41. The company's 50 day simple moving average is $46.62 and its 200-day simple moving average is $51.13. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 4.53 and a beta of 1.54.
Terex (NYSE:TEX - Get Free Report) last posted its quarterly 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 net margin of 6.54% and a return on equity of 21.99%. During the same period in the prior year, the business earned $1.88 earnings per share. As a group, analysts expect that Terex Co. will post 5.03 EPS for the current fiscal year.
Terex Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders 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 dividend yield of 1.49%. Terex's dividend payout ratio (DPR) is 13.71%.
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.
Featured Articles

Before you consider Terex, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Terex wasn't on the list.
While Terex currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report