Virtu Financial LLC Acquires Shares of 13,298 Terex Co. (NYSE:TEX)

Virtu Financial LLC acquired a new position in Terex Co. (NYSE:TEX - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 13,298 shares of the industrial products company's stock, valued at approximately $704,000.

Other hedge funds have also bought and sold shares of the company. Cetera Advisors LLC purchased a new position in shares of Terex in the 1st quarter worth $287,000. CWM LLC boosted its stake in shares of Terex by 65.8% during the 2nd quarter. CWM LLC now owns 3,120 shares of the industrial products company's stock worth $171,000 after acquiring an additional 1,238 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Terex by 425.2% during the 2nd quarter. SG Americas Securities LLC now owns 25,026 shares of the industrial products company's stock valued at $1,372,000 after acquiring an additional 20,261 shares during the period. Blue Trust Inc. increased its stake in shares of Terex by 57.5% in the 2nd quarter. Blue Trust Inc. now owns 512 shares of the industrial products company's stock worth $28,000 after purchasing an additional 187 shares in the last quarter. Finally, TCW Group Inc. bought a new position in Terex in the 2nd quarter worth $566,000. Hedge funds and other institutional investors own 92.88% of the company's stock.

Insider Transactions at Terex

In other news, CEO Simon Meester sold 9,877 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total transaction of $505,109.78. Following the transaction, the chief executive officer now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David A. Sachs purchased 10,000 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were bought at an average price of $51.30 per share, with a total value of $513,000.00. Following the completion of the transaction, the director now owns 107,500 shares of the company's stock, valued at approximately $5,514,750. The trade was a 10.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on TEX shares. The Goldman Sachs Group reduced their price target on Terex from $72.00 to $62.00 and set a "neutral" rating for the company in a research report on Friday, September 20th. Evercore ISI reduced their price objective on shares of Terex from $67.00 to $59.00 and set an "outperform" rating on the stock in a research report on Monday, August 19th. Truist Financial upped their target price on shares of Terex from $62.00 to $65.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. reduced their price target on shares of Terex from $65.00 to $62.00 and set a "neutral" rating on the stock in a report on Monday, October 14th. Finally, Citigroup reduced their price target on shares of Terex from $60.00 to $57.00 and set a "neutral" rating on the stock in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $59.56.

Terex Stock Down 2.2 %

TEX traded down $1.09 on Friday, hitting $49.55. The company had a trading volume of 794,540 shares, compared to its average volume of 557,879. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 2.39. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 7.23, a P/E/G ratio of 4.00 and a beta of 1.53. The stock has a fifty day moving average price of $53.61 and a 200-day moving average price of $54.59. Terex Co. has a 12-month low of $48.11 and a 12-month high of $68.08.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.31 by $0.15. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.16 billion. Terex had a net margin of 9.08% and a return on equity of 24.92%. Terex's revenue was down 6.0% on a year-over-year basis. During the same period last year, the firm posted $1.75 EPS. Analysts predict that Terex Co. will post 6.07 EPS for the current fiscal year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be issued a $0.17 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.68 annualized dividend and a dividend yield of 1.37%. Terex's dividend payout ratio (DPR) is presently 9.93%.

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.