Exencial Wealth Advisors LLC Buys 556 Shares of Terex Co. (NYSE:TEX)

Exencial Wealth Advisors LLC increased its holdings in Terex Co. (NYSE:TEXFree Report) by 13.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,548 shares of the industrial products company’s stock after purchasing an additional 556 shares during the period. Exencial Wealth Advisors LLC’s holdings in Terex were worth $261,000 at the end of the most recent quarter.

Other 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% in the fourth quarter. Curated Wealth Partners LLC now owns 176,922 shares of the industrial products company’s stock worth $10,166,000 after purchasing an additional 57,500 shares in the last quarter. QRG Capital Management Inc. acquired a new position in Terex in the third quarter worth about $294,000. International Assets Investment Management LLC raised its position in Terex by 5,549.8% in 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 purchasing an additional 125,924 shares in the last quarter. Trexquant Investment LP raised its position in Terex by 49.2% in the third quarter. Trexquant Investment LP now owns 64,448 shares of the industrial products company’s stock worth $3,713,000 after purchasing an additional 21,257 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in Terex in the third quarter worth about $302,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on TEX shares. Citigroup increased their price target on shares of Terex from $54.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. The Goldman Sachs Group raised their price objective on shares of Terex from $52.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, February 13th. UBS Group raised their price objective on shares of Terex from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Evercore ISI dropped their price objective 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. lowered shares of Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price objective for the company. in a report on Monday, March 18th. One equities 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $65.33.

Read Our Latest Research Report on TEX

Insider Buying and Selling at Terex

In other Terex news, CAO Stephen Johnston sold 3,239 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $62.00, for a total value of $200,818.00. Following the transaction, the chief accounting officer now directly owns 14,606 shares of the company’s stock, valued at $905,572. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Terex news, VP Scott Posner sold 12,500 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $60.48, for a total value of $756,000.00. Following the transaction, the vice president now directly owns 58,224 shares of the company’s stock, valued at $3,521,387.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Stephen Johnston sold 3,239 shares of Terex stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $62.00, for a total transaction of $200,818.00. Following the transaction, the chief accounting officer now directly owns 14,606 shares in the company, valued at $905,572. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 146,968 shares of company stock valued at $9,014,482. 1.90% of the stock is currently owned by insiders.

Terex Stock Performance

Shares of Terex stock opened at $56.66 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.16 and a quick ratio of 1.06. The firm has a market cap of $3.81 billion, a P/E ratio of 7.50 and a beta of 1.61. The firm has a 50 day simple moving average of $60.80 and a 200 day simple moving average of $58.39. Terex Co. has a fifty-two week low of $43.70 and a fifty-two week high of $65.89.

Terex (NYSE:TEXGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.23. Terex had a net margin of 9.87% and a return on equity of 30.53%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.23 billion. Sell-side analysts predict that Terex Co. will post 7.09 earnings per share for the current fiscal year.

Terex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a $0.17 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.68 dividend on an annualized basis and a yield of 1.20%. Terex’s payout ratio is presently 9.01%.

About Terex

(Free Report)

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.

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Institutional Ownership by Quarter for Terex (NYSE:TEX)

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