Private Trust Co. NA Purchases 434 Shares of Terex Corporation (NYSE:TEX)

Private Trust Co. NA increased its position in shares of Terex Corporation (NYSE:TEX) by 128.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 773 shares of the industrial products company’s stock after acquiring an additional 434 shares during the period. Private Trust Co. NA’s holdings in Terex were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Neo Ivy Capital Management bought a new position in shares of Terex in the fourth quarter worth about $29,000. Jones Financial Companies Lllp acquired a new position in Terex during the 4th quarter worth approximately $31,000. Smartleaf Asset Management LLC lifted its stake in Terex by 46.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 222 shares during the last quarter. UMB Bank n.a. boosted its position in Terex by 83.0% in the first quarter. UMB Bank n.a. now owns 732 shares of the industrial products company’s stock valued at $28,000 after buying an additional 332 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Terex by 88.1% during the first quarter. Fifth Third Bancorp now owns 905 shares of the industrial products company’s stock worth $34,000 after buying an additional 424 shares during the last quarter. 92.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Truist Financial increased their price target on Terex from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, July 3rd. Morgan Stanley lowered their target price on Terex from $43.00 to $30.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Citigroup cut their price target on Terex from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. UBS Group boosted their price target on Terex from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Robert W. Baird upgraded shares of Terex from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $48.00 to $66.00 in a report on Tuesday, May 13th. Seven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $51.80.

Terex Stock Performance

NYSE:TEX opened at $53.52 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.07 and a current ratio of 2.11. Terex Corporation has a fifty-two week low of $31.53 and a fifty-two week high of $68.08. The company has a 50 day simple moving average of $46.22 and a two-hundred day simple moving average of $43.21. The company has a market capitalization of $3.55 billion, a PE ratio of 14.58, a P/E/G ratio of 5.32 and a beta of 1.58.

Terex (NYSE:TEX) last posted its quarterly earnings data on Friday, May 2nd. The industrial products company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.26. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Terex had a net margin of 4.89% and a return on equity of 18.79%. Terex’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.60 earnings per share. Research analysts anticipate that Terex Corporation will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were paid a $0.17 dividend. The ex-dividend date was Friday, June 6th. This represents a $0.68 annualized dividend and a dividend yield of 1.27%. Terex’s dividend payout ratio is currently 18.53%.

Insider Activity

In other Terex news, insider Joshua Gross sold 5,389 shares of the firm’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $40.75, for a total value of $219,601.75. Following the completion of the sale, the insider directly owned 38,755 shares in the company, valued at approximately $1,579,266.25. This trade represents a 12.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is 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.