Terex Co. (NYSE:TEX) Stock Position Raised by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC boosted its position in shares of Terex Co. (NYSE:TEX) by 34.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,946 shares of the industrial products company’s stock after purchasing an additional 1,266 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Terex were worth $284,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC boosted its holdings in shares of Terex by 1.6% during the fourth quarter. SummerHaven Investment Management LLC now owns 11,692 shares of the industrial products company’s stock worth $672,000 after purchasing an additional 188 shares during the period. Greenwich Wealth Management LLC boosted its stake in shares of Terex by 0.3% during the 4th quarter. Greenwich Wealth Management LLC now owns 61,670 shares of the industrial products company’s stock valued at $3,544,000 after buying an additional 209 shares during the period. Arizona State Retirement System grew its holdings in shares of Terex by 1.1% during the 3rd quarter. Arizona State Retirement System now owns 19,304 shares of the industrial products company’s stock valued at $1,112,000 after acquiring an additional 213 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Terex by 25.5% in the third quarter. Parkside Financial Bank & Trust now owns 1,200 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 244 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in shares of Terex by 3.4% during the third quarter. Kestra Advisory Services LLC now owns 7,736 shares of the industrial products company’s stock worth $446,000 after acquiring an additional 254 shares in the last quarter. 92.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO John L. Garrison, Jr. sold 59,094 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $60.07, for a total value of $3,549,776.58. Following the sale, the chief executive officer now owns 380,834 shares of the company’s stock, valued at $22,876,698.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO John L. Garrison, Jr. sold 59,094 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $60.07, for a total value of $3,549,776.58. Following the sale, the chief executive officer now owns 380,834 shares of the company’s stock, valued at approximately $22,876,698.38. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kieran Hegarty sold 18,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $56.80, for a total value of $1,022,400.00. Following the transaction, the insider now owns 198,619 shares of the company’s stock, valued at $11,281,559.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 132,039 shares of company stock worth $8,078,574. 1.90% of the stock is currently owned by corporate insiders.

Terex Stock Performance

TEX traded up $0.89 during midday trading on Friday, reaching $58.35. The company’s stock had a trading volume of 610,597 shares, compared to its average volume of 954,319. Terex Co. has a twelve month low of $43.70 and a twelve month high of $65.89. The stock has a market cap of $3.93 billion, a P/E ratio of 7.73, a PEG ratio of 0.57 and a beta of 1.66. The company has a fifty day simple moving average of $60.34 and a 200 day simple moving average of $56.39. The company has a current ratio of 2.16, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42.

Terex (NYSE:TEX) last announced its earnings results on Friday, February 9th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.41. Terex had a net margin of 9.87% and a return on equity of 30.53%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the firm posted $1.34 earnings per share. Terex’s revenue was up .4% compared to the same quarter last year. Research analysts expect that Terex Co. will post 7.1 earnings per share for the current year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were given a $0.17 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.68 annualized dividend and a yield of 1.17%. Terex’s dividend payout ratio (DPR) is currently 9.01%.

Analysts Set New Price Targets

TEX has been the topic of a number of recent research reports. The Goldman Sachs Group boosted their target price on Terex from $52.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, February 13th. Evercore ISI decreased their target price on shares of Terex from $65.00 to $63.00 and set an “outperform” rating for the company in a research report on Tuesday, February 20th. Citigroup raised their price target on shares of Terex from $54.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Bank of America reissued an “underperform” rating and set a $57.00 target price on shares of Terex in a research report on Friday, January 19th. Finally, UBS Group cut Terex from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $61.00 to $62.00 in a research report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $65.17.

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.