Terex Co. (NYSE:TEX) Shares Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Terex Co. (NYSE:TEX) by 5.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,077 shares of the industrial products company’s stock after buying an additional 407 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Terex were worth $464,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TEX. BlackRock Inc. increased its position in shares of Terex by 5.3% during the first quarter. BlackRock Inc. now owns 8,373,481 shares of the industrial products company’s stock worth $298,598,000 after purchasing an additional 417,925 shares in the last quarter. Vanguard Group Inc. grew its holdings in Terex by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 7,767,160 shares of the industrial products company’s stock valued at $276,978,000 after buying an additional 68,739 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Terex by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,766,649 shares of the industrial products company’s stock valued at $98,664,000 after buying an additional 23,768 shares in the last quarter. FMR LLC grew its holdings in Terex by 3.9% in the 3rd quarter. FMR LLC now owns 2,691,767 shares of the industrial products company’s stock valued at $155,100,000 after buying an additional 102,193 shares in the last quarter. Finally, State Street Corp grew its holdings in Terex by 0.3% in the 2nd quarter. State Street Corp now owns 2,340,626 shares of the industrial products company’s stock valued at $140,040,000 after buying an additional 6,357 shares in the last quarter. 92.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Bank of America restated an “underperform” rating and issued a $57.00 target price on shares of Terex in a report on Friday, January 19th. JPMorgan Chase & Co. cut Terex from an “overweight” rating to a “neutral” rating and set a $63.00 target price for the company. in a report on Monday, March 18th. Citigroup upped their target price on Terex from $54.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Truist Financial started coverage on Terex in a report on Thursday, March 14th. They set a “buy” rating and a $73.00 price target for the company. Finally, The Goldman Sachs Group increased their price target on Terex from $52.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, February 13th. 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $65.08.

Terex Price Performance

TEX stock opened at $60.27 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.01 and a quick ratio of 0.95. The firm has a market capitalization of $4.06 billion, a P/E ratio of 7.94, a P/E/G ratio of 0.60 and a beta of 1.64. The business’s 50-day moving average is $59.68 and its two-hundred day moving average is $56.03. Terex Co. has a 1 year low of $42.50 and a 1 year high of $65.89.

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

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.13%. Terex’s payout ratio is currently 8.96%.

Insider Activity

In other news, insider Joshua Gross sold 4,945 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $59.13, for a total value of $292,397.85. Following the transaction, the insider now owns 21,457 shares in the company, valued at approximately $1,268,752.41. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Joshua Gross sold 4,945 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $59.13, for a total value of $292,397.85. Following the transaction, the insider now owns 21,457 shares in the company, valued at approximately $1,268,752.41. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 stock was sold at an average price of $64.28, for a total value of $3,214,000.00. Following the transaction, the chief executive officer now owns 315,483 shares in the company, valued at approximately $20,279,247.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 132,039 shares of company stock worth $8,078,574. 1.90% of the stock is currently owned by insiders.

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.