Stratos Wealth Advisors LLC purchased a new stake in shares of Terex Co. (NYSE:TEX) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 7,918 shares of the industrial products company’s stock, valued at approximately $254,000.
Other large investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its position in shares of Terex by 2,657.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 785,745 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 757,245 shares during the period. Optimum Investment Advisors purchased a new stake in shares of Terex in the 1st quarter worth about $39,000. AdvisorNet Financial Inc purchased a new stake in shares of Terex in the 4th quarter worth about $40,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Terex in the 4th quarter worth about $49,000. Finally, Financial Architects Inc purchased a new stake in shares of Terex in the 4th quarter worth about $69,000. 94.90% of the stock is owned by hedge funds and other institutional investors.
In other news, Director International Master F. Marcato sold 1,100,000 shares of Terex stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $31.54, for a total value of $34,694,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Steve Filipov sold 10,048 shares of Terex stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $35.64, for a total transaction of $358,110.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 1,650 shares of company stock valued at $53,474. 4.00% of the stock is owned by company insiders.
Several research firms have recently commented on TEX. Wells Fargo & Co raised their target price on shares of Terex from $32.00 to $37.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 26th. Zacks Investment Research cut shares of Terex from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 29th. Credit Suisse Group raised their target price on shares of Terex from $37.00 to $39.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 26th. Bank of America set a $33.00 target price on shares of Terex and gave the stock a “sell” rating in a research report on Thursday, February 28th. Finally, Morgan Stanley reaffirmed a “hold” rating on shares of Terex in a research report on Tuesday, February 26th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Terex has an average rating of “Hold” and a consensus target price of $36.33.
NYSE:TEX traded down $0.56 on Friday, reaching $29.09. 9,229 shares of the stock traded hands, compared to its average volume of 1,126,868. The firm has a market cap of $2.12 billion, a P/E ratio of 10.78, a P/E/G ratio of 0.84 and a beta of 1.60. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.41 and a current ratio of 2.27. Terex Co. has a 12 month low of $25.47 and a 12 month high of $45.47.
Terex (NYSE:TEX) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.30. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. Terex had a negative net margin of 0.06% and a positive return on equity of 25.38%. Terex’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the business earned $0.55 EPS. On average, equities research analysts predict that Terex Co. will post 4.03 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.44 dividend on an annualized basis and a yield of 1.51%. Terex’s dividend payout ratio is currently 16.24%.
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Terex Company Profile
Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide. The company operates through three segments: Aerial Work Platforms (AWP), Cranes, and Material Processing (MP). The AWP segment engages in the design, manufacture, service, and market of AWP equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brands to construct and maintain industrial, commercial, and residential buildings and facilities, and for other commercial operations, as well as used in infrastructure projects.
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