Terex Co. (NYSE:TEX) Shares Bought by Raymond James & Associates

Raymond James & Associates raised its holdings in Terex Co. (NYSE:TEX) by 1.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 32,419 shares of the industrial products company’s stock after acquiring an additional 356 shares during the period. Raymond James & Associates’ holdings in Terex were worth $1,863,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TEX. Avior Wealth Management LLC raised its holdings in Terex by 440.7% in the 3rd quarter. Avior Wealth Management LLC now owns 492 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 401 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in Terex in the 1st quarter valued at $28,000. FinTrust Capital Advisors LLC acquired a new position in Terex in the 3rd quarter valued at $31,000. Quantbot Technologies LP acquired a new position in Terex in the 3rd quarter valued at $32,000. Finally, Money Concepts Capital Corp acquired a new position in Terex in the 4th quarter valued at $47,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO John L. Garrison, Jr. sold 59,094 shares of the 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 sale, the chief executive officer now owns 380,834 shares in the company, valued at $22,876,698.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Terex news, CEO John L. Garrison, Jr. sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $64.28, for a total value of $3,214,000.00. Following the completion of the transaction, the chief executive officer now owns 315,483 shares in the company, valued at approximately $20,279,247.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO John L. Garrison, Jr. sold 59,094 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was 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 owns 380,834 shares of the company’s stock, valued at approximately $22,876,698.38. The disclosure for this sale can be found here. Insiders have sold a total of 132,039 shares of company stock worth $8,078,574 over the last quarter. 1.90% of the stock is owned by company insiders.

Terex Stock Performance

Shares of Terex stock opened at $60.71 on Thursday. The firm has a market cap of $4.09 billion, a PE ratio of 8.00, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. The firm’s 50-day simple moving average is $59.74 and its 200-day simple moving average is $55.98. 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 1 year low of $42.50 and a 1 year high of $65.89.

Terex (NYSE:TEX) last issued its earnings results on Friday, February 9th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.41. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. Terex had a net margin of 10.06% and a return on equity of 32.89%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.34 EPS. Equities analysts forecast that Terex Co. will post 6.95 earnings per share for the current fiscal year.

Terex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were paid a dividend of $0.17 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.68 annualized dividend and a yield of 1.12%. Terex’s dividend payout ratio (DPR) is 8.96%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Truist Financial began coverage on Terex in a report on Thursday, March 14th. They issued a “buy” rating and a $73.00 price target for the company. Evercore ISI lowered their price objective on shares of Terex from $65.00 to $63.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th. UBS Group cut shares of Terex from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $61.00 to $62.00 in a research note on Tuesday, February 13th. JPMorgan Chase & Co. cut shares of Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price objective for the company. in a research note on Monday, March 18th. Finally, Bank of America reissued an “underperform” rating and set a $57.00 price objective on shares of Terex in a research note on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average 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.