HighTower Advisors LLC Sells 10,135 Shares of Terex Co. (NYSE:TEX)

HighTower Advisors LLC lowered its position in shares of Terex Co. (NYSE:TEX - Free Report) by 10.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,353 shares of the industrial products company's stock after selling 10,135 shares during the quarter. HighTower Advisors LLC owned 0.13% of Terex worth $3,991,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp bought a new stake in Terex during the 4th quarter valued at approximately $31,000. Smartleaf Asset Management LLC raised its position in shares of Terex by 46.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock valued at $32,000 after buying an additional 222 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Terex during the third quarter valued at approximately $40,000. Truvestments Capital LLC purchased a new position in shares of Terex in the third quarter worth $41,000. Finally, VisionPoint Advisory Group LLC bought a new position in shares of Terex during the fourth quarter worth $51,000. 92.88% of the stock is currently owned by institutional investors.

Terex Trading Up 4.7 %

Shares of NYSE TEX traded up $1.85 during trading hours on Monday, hitting $40.94. 1,002,222 shares of the company traded hands, compared to its average volume of 841,015. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 4.53 and a beta of 1.56. The company's 50 day moving average price is $44.09 and its 200 day moving average price is $48.87. Terex Co. has a 12 month low of $36.15 and a 12 month high of $68.08. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41.

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Terex (NYSE:TEX - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates 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 previous year, the business earned $1.88 EPS. On average, equities research analysts anticipate that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have issued reports on TEX shares. Citigroup reduced their price target on shares of Terex from $48.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. The Goldman Sachs Group reduced their target price on Terex from $60.00 to $52.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Truist Financial decreased their target price on Terex from $65.00 to $58.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. Barclays cut their price target on Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. Finally, StockNews.com cut Terex from a "hold" rating to a "sell" rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Terex has a consensus rating of "Hold" and a consensus target price of $54.22.

Insider Activity at Terex

In other news, Director Andra Rush acquired 1,325 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the acquisition, the director now directly owns 23,308 shares of the company's stock, valued at $861,463.68. The trade was a 6.03 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by company insiders.

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.