Vest Financial LLC raised its position in Terex Co. (NYSE:TEX - Free Report) by 88.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,962 shares of the industrial products company's stock after buying an additional 25,389 shares during the quarter. Vest Financial LLC owned about 0.08% of Terex worth $2,494,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Terex by 83.3% in the 3rd quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 335 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Terex in the third quarter worth $40,000. Truvestments Capital LLC acquired a new stake in Terex in the third quarter worth $41,000. Blue Trust Inc. lifted its stake in shares of Terex by 89.3% in the third quarter. Blue Trust Inc. now owns 969 shares of the industrial products company's stock valued at $53,000 after buying an additional 457 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Terex by 74.6% in the third quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company's stock valued at $62,000 after buying an additional 504 shares in the last quarter. 92.88% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several brokerages have commented on TEX. 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 report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price objective on shares of Terex from $59.00 to $52.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Citigroup dropped their target price on shares of Terex from $57.00 to $48.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Truist Financial lowered their price objective on shares of Terex from $65.00 to $58.00 and set a "buy" rating for the company in a report on Thursday, December 19th. Finally, Barclays lowered their price target on shares of Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $56.11.
Read Our Latest Analysis on TEX
Terex Price Performance
Shares of TEX traded down $0.77 during trading hours on Wednesday, hitting $44.80. 955,123 shares of the stock were exchanged, compared to its average volume of 813,847. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.16 and a current ratio of 2.16. The stock's 50-day moving average price is $47.07 and its two-hundred day moving average price is $51.60. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth 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.
Terex (NYSE:TEX - Get Free Report) last posted its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) 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 quarter last year, the business posted $1.88 EPS. Research analysts expect that Terex Co. will post 5.03 earnings per share for the current year.
Terex Announces Dividend
The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.52%. Terex's dividend payout ratio (DPR) is presently 13.71%.
Insider Activity at Terex
In other Terex news, CEO Simon Meester sold 9,877 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was 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 in the company, valued at $6,538,658.12. This represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David A. Sachs purchased 20,000 shares of Terex stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of $49.75 per share, with a total value of $995,000.00. Following the acquisition, the director now directly owns 137,500 shares of the company's stock, valued at $6,840,625. The trade was a 17.02 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company's stock.
Terex Company Profile
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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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