Waterfront Wealth Inc. Has $1.23 Million Holdings in Terex Co. (NYSE:TEX)

Waterfront Wealth Inc. cut its stake in shares of Terex Co. (NYSE:TEX) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,346 shares of the industrial products company’s stock after selling 462 shares during the period. Waterfront Wealth Inc.’s holdings in Terex were worth $1,227,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. grew its stake in shares of Terex by 179.0% in the fourth quarter. Blue Trust Inc. now owns 466 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 299 shares during the last quarter. Avior Wealth Management LLC grew its stake in shares of Terex by 440.7% in the third quarter. Avior Wealth Management LLC now owns 492 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 401 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Terex in the fourth quarter worth $29,000. FinTrust Capital Advisors LLC bought a new stake in shares of Terex in the third quarter worth $31,000. Finally, Quantbot Technologies LP bought a new stake in shares of Terex in the third quarter worth $32,000. Institutional investors own 92.88% of the company’s stock.

Terex Stock Down 2.2 %

Shares of TEX traded down $1.36 on Wednesday, reaching $60.71. The company’s stock had a trading volume of 896,724 shares, compared to its average volume of 704,204. The company has a current ratio of 2.01, a quick ratio of 0.95 and a debt-to-equity ratio of 0.37. Terex Co. has a twelve month low of $42.50 and a twelve month high of $65.89. The stock has a market capitalization of $4.09 billion, a PE ratio of 8.00, a PEG ratio of 0.62 and a beta of 1.64. The firm has a fifty day moving average of $59.74 and a 200-day moving average of $55.98.

Terex (NYSE:TEX) last posted its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.41 EPS for the quarter, meeting the consensus estimate of $1.41. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. Terex had a net margin of 10.06% and a return on equity of 32.89%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the business posted $1.34 EPS. Equities analysts predict that Terex Co. will post 6.95 EPS for the current year.

Terex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were paid a $0.17 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.68 annualized dividend and a yield of 1.12%. Terex’s dividend payout ratio (DPR) is 8.96%.

Insider Buying and Selling at Terex

In other Terex news, CEO John L. Garrison, Jr. sold 59,094 shares of the 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 completion of the sale, the chief executive officer now owns 380,834 shares in the company, valued at approximately $22,876,698.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Kieran Hegarty sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $56.80, for a total transaction of $1,022,400.00. Following the completion of the sale, the insider now owns 198,619 shares in the company, valued at approximately $11,281,559.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John L. Garrison, Jr. sold 59,094 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $60.07, for a total transaction 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 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. Insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on TEX. Evercore ISI cut their price target on shares of Terex from $65.00 to $63.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 20th. Citigroup upped their price target on shares of Terex from $54.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. The Goldman Sachs Group upped their price target on shares of Terex from $52.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, February 13th. UBS Group cut shares of Terex from a “buy” rating to a “neutral” rating and upped their price target for the company from $61.00 to $62.00 in a research report on Tuesday, February 13th. Finally, JPMorgan Chase & Co. cut shares of Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price target on the stock. in a research report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Terex has a consensus rating of “Hold” and an average target price of $65.08.

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.