Raymond James & Associates Has $1.86 Million Stake in Terex Co. (NYSE:TEX)

Raymond James & Associates grew its stake in Terex Co. (NYSE:TEX) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 32,419 shares of the industrial products company’s stock after buying an additional 356 shares during the period. Raymond James & Associates’ holdings in Terex were worth $1,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Curated Wealth Partners LLC lifted its holdings in shares of Terex by 48.1% during the 4th quarter. Curated Wealth Partners LLC now owns 176,922 shares of the industrial products company’s stock worth $10,166,000 after acquiring an additional 57,500 shares during the period. QRG Capital Management Inc. bought a new position in shares of Terex during the 3rd quarter worth about $294,000. Trexquant Investment LP lifted its holdings in shares of Terex by 49.2% during the 3rd quarter. Trexquant Investment LP now owns 64,448 shares of the industrial products company’s stock worth $3,713,000 after acquiring an additional 21,257 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in shares of Terex during the 3rd quarter worth about $302,000. Finally, National Bank of Canada FI bought a new position in shares of Terex during the 3rd quarter worth about $919,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TEX shares. Citigroup raised their price objective on shares of Terex from $54.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Jefferies Financial Group downgraded shares of Terex from a “buy” rating to a “hold” rating and cut their price target for the company from $73.00 to $63.00 in a report on Wednesday, December 20th. UBS Group downgraded shares of Terex from a “buy” rating to a “neutral” rating and lifted their price target for the company from $61.00 to $62.00 in a report on Tuesday, February 13th. Evercore ISI cut their price target on shares of Terex from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. downgraded shares of Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price target for the company. in a report on Monday, March 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $65.08.

Terex Trading Down 2.2 %

Shares of NYSE TEX opened at $60.71 on Thursday. Terex Co. has a 1-year low of $42.50 and a 1-year high of $65.89. The company has a market cap of $4.09 billion, a PE ratio of 8.00, a P/E/G ratio of 0.62 and a beta of 1.64. The company has a current ratio of 2.01, a quick ratio of 0.95 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average of $59.74 and a two-hundred day moving average of $55.98.

Terex (NYSE:TEX) last announced its earnings results on Friday, February 9th. The industrial products company reported $1.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.41. Terex had a net margin of 10.06% and a return on equity of 32.89%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the firm posted $1.34 earnings per share. The company’s revenue was up .4% on a year-over-year basis. As a group, equities analysts expect that Terex Co. will post 6.95 earnings per share for the current fiscal year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Thursday, March 7th. Terex’s dividend payout ratio is 8.96%.

Insider Transactions at Terex

In other news, CEO John L. Garrison, Jr. sold 59,094 shares of Terex stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $60.07, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO John L. Garrison, Jr. sold 59,094 shares of Terex stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $60.07, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kieran Hegarty sold 18,000 shares of the business’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 transaction, the insider now owns 198,619 shares of the company’s stock, valued at approximately $11,281,559.20. The disclosure for this sale can be found here. Insiders sold a total of 132,039 shares of company stock worth $8,078,574 in the last quarter. 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.