Cerity Partners LLC Buys 1,536 Shares of Terex Co. (NYSE:TEX)

Cerity Partners LLC increased its position in shares of Terex Co. (NYSE:TEX) by 36.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,777 shares of the industrial products company’s stock after buying an additional 1,536 shares during the quarter. Cerity Partners LLC’s holdings in Terex were worth $332,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TEX. Sequoia Financial Advisors LLC acquired a new stake in Terex during the fourth quarter worth approximately $234,000. Allspring Global Investments Holdings LLC raised its position in shares of Terex by 98.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 141,252 shares of the industrial products company’s stock worth $8,116,000 after acquiring an additional 70,012 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Terex by 5,549.8% in the 4th quarter. International Assets Investment Management LLC now owns 128,193 shares of the industrial products company’s stock worth $7,366,000 after purchasing an additional 125,924 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of Terex by 1,994.6% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 84,558 shares of the industrial products company’s stock valued at $4,858,000 after purchasing an additional 80,521 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of Terex by 61.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 16,811 shares of the industrial products company’s stock worth $966,000 after buying an additional 6,369 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex Stock Down 0.5 %

Shares of TEX stock opened at $59.60 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. Terex Co. has a one year low of $42.50 and a one year high of $65.89. The company’s fifty day moving average price is $60.06 and its 200-day moving average price is $56.28. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 0.60 and a beta of 1.64.

Terex (NYSE:TEX) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.23. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Terex had a net margin of 10.06% and a return on equity of 32.89%. Sell-side analysts expect that Terex Co. will post 6.95 EPS for the current fiscal year.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Thursday, March 7th. Terex’s payout ratio is presently 8.96%.

Insider Buying and Selling

In related news, CEO John L. Garrison, Jr. sold 59,094 shares of the business’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 directly owns 380,834 shares in the company, valued at approximately $22,876,698.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Kieran Hegarty sold 18,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 198,619 shares of the company’s stock, valued at $11,281,559.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John L. Garrison, Jr. sold 59,094 shares of the business’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 completion of the transaction, the chief executive officer now owns 380,834 shares in the company, valued at approximately $22,876,698.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,039 shares of company stock worth $8,078,574. 1.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TEX has been the subject of a number of recent research reports. Truist Financial assumed coverage on shares of Terex in a research note on Thursday, March 14th. They set a “buy” rating and a $73.00 price target for the company. The Goldman Sachs Group increased 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. Bank of America reissued an “underperform” rating and issued a $57.00 price target on shares of Terex in a research note on Friday, January 19th. Citigroup boosted their target price on Terex from $54.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Finally, JPMorgan Chase & Co. lowered 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 research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $65.08.

About Terex

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.