Zurcher Kantonalbank Zurich Cantonalbank Purchases 353 Shares of Terex Co. (NYSE:TEX)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Terex Co. (NYSE:TEX) by 2.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 16,196 shares of the industrial products company’s stock after acquiring an additional 353 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Terex were worth $931,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in Terex by 179.0% during the fourth quarter. Blue Trust Inc. now owns 466 shares of the industrial products company’s stock worth $27,000 after buying an additional 299 shares during the period. Avior Wealth Management LLC lifted its holdings in Terex by 440.7% during the third quarter. Avior Wealth Management LLC now owns 492 shares of the industrial products company’s stock worth $28,000 after buying an additional 401 shares during the period. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Terex during the 4th quarter valued at $29,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Terex during the 3rd quarter valued at $31,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Terex during the 3rd quarter valued at $32,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Wall Street Analysts Forecast Growth

TEX has been the subject of several analyst reports. The Goldman Sachs Group increased their price objective on Terex from $52.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, February 13th. Truist Financial initiated coverage on Terex in a report on Thursday, March 14th. They set a “buy” rating and a $73.00 price objective for the company. Bank of America reiterated an “underperform” rating and set a $57.00 price objective on shares of Terex in a report on Friday, January 19th. UBS Group lowered Terex from a “buy” rating to a “neutral” rating and raised their target price for the stock from $61.00 to $62.00 in a research note on Tuesday, February 13th. Finally, Evercore ISI reduced their target price on Terex from $65.00 to $63.00 and set an “outperform” rating for the company in a research note 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. According to MarketBeat.com, Terex presently has a consensus rating of “Hold” and an average target price of $65.08.

Insider Activity

In other news, CEO John L. Garrison, Jr. sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $64.28, for a total transaction of $3,214,000.00. Following the sale, the chief executive officer now directly owns 315,483 shares in the company, valued at approximately $20,279,247.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO John L. Garrison, Jr. sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $64.28, for a total transaction of $3,214,000.00. Following the sale, the chief executive officer now directly owns 315,483 shares in the company, valued at approximately $20,279,247.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John L. Garrison, Jr. sold 59,094 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 380,834 shares in the company, valued at $22,876,698.38. The disclosure for this sale can be found here. Insiders have sold 132,039 shares of company stock worth $8,078,574 in the last ninety days. Company insiders own 1.90% of the company’s stock.

Terex Price Performance

Shares of TEX opened at $59.59 on Monday. The business’s 50-day moving average is $60.06 and its two-hundred day moving average is $56.29. The company has a market capitalization of $4.01 billion, a P/E ratio of 7.89, a P/E/G ratio of 0.59 and a beta of 1.64. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.95 and a current ratio of 2.01. Terex Co. has a fifty-two week low of $42.50 and a fifty-two week high of $65.89.

Terex (NYSE:TEX) last posted its earnings results 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 31.52% and a net margin of 9.87%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the firm earned $1.34 EPS. The company’s quarterly revenue was up .4% on a year-over-year basis. Research analysts predict that Terex Co. will post 7.05 earnings per share for the current year.

Terex Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Thursday, March 7th. Terex’s dividend payout ratio (DPR) is presently 9.01%.

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.