4,081 Shares in Terex Co. (NYSE:TEX) Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new position in shares of Terex Co. (NYSE:TEX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,081 shares of the industrial products company’s stock, valued at approximately $234,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Curated Wealth Partners LLC raised its position in Terex by 48.1% during the fourth 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 in the last quarter. QRG Capital Management Inc. bought a new stake in Terex during the third quarter worth $294,000. International Assets Investment Management LLC raised its position in Terex by 5,549.8% during the fourth quarter. International Assets Investment Management LLC now owns 128,193 shares of the industrial products company’s stock worth $7,366,000 after acquiring an additional 125,924 shares in the last quarter. Trexquant Investment LP raised its position in Terex by 49.2% during the third 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 in the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in Terex during the third quarter worth $302,000. 92.88% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Terex news, insider Joshua Gross sold 4,945 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $59.13, for a total transaction of $292,397.85. Following the sale, the insider now directly owns 21,457 shares in the company, valued at $1,268,752.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Joshua Gross sold 4,945 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $59.13, for a total value of $292,397.85. Following the sale, the insider now directly owns 21,457 shares in the company, valued at approximately $1,268,752.41. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John L. Garrison, Jr. sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $64.28, for a total transaction of $3,214,000.00. Following the completion of the sale, the chief executive officer now owns 315,483 shares in the company, valued at $20,279,247.24. The disclosure for this sale can be found here. Insiders have sold 132,039 shares of company stock worth $8,078,574 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Terex Trading Up 0.8 %

TEX stock opened at $60.27 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.95 and a current ratio of 2.01. The company’s 50-day simple moving average is $59.68 and its 200 day simple moving average is $56.03. Terex Co. has a 52 week low of $42.50 and a 52 week high of $65.89. The company has a market capitalization of $4.06 billion, a PE ratio of 7.94, a price-to-earnings-growth ratio of 0.59 and a beta of 1.64.

Terex (NYSE:TEX) last announced its quarterly earnings data 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. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. Terex had a net margin of 10.06% and a return on equity of 32.89%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the company posted $1.34 earnings per share. As a group, sell-side analysts anticipate that Terex Co. will post 6.96 earnings per share 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 dividend of $0.17 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.13%. Terex’s payout ratio is 8.96%.

Analyst Ratings Changes

Several research firms have issued reports on TEX. Truist Financial initiated coverage on shares of Terex in a research report on Thursday, March 14th. They set a “buy” rating and a $73.00 price target on the stock. UBS Group lowered shares of Terex from a “buy” rating to a “neutral” rating and increased their price objective for the company from $61.00 to $62.00 in a research report on Tuesday, February 13th. Bank of America reissued an “underperform” rating and issued a $57.00 price objective on shares of Terex in a research report on Friday, January 19th. JPMorgan Chase & Co. lowered shares of Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price objective on the stock. in a research report on Monday, March 18th. Finally, Evercore ISI dropped their price objective 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Terex has a consensus rating of “Hold” and an average price target of $65.08.

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.