Sequoia Financial Advisors LLC Takes $234,000 Position in Terex Co. (NYSE:TEX)

Sequoia Financial Advisors LLC acquired a new stake in Terex Co. (NYSE:TEX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,081 shares of the industrial products company’s stock, valued at approximately $234,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its holdings in Terex by 98.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 141,252 shares of the industrial products company’s stock worth $8,116,000 after buying an additional 70,012 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Terex by 5,549.8% during 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 buying an additional 125,924 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Terex by 1,994.6% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 84,558 shares of the industrial products company’s stock worth $4,858,000 after buying an additional 80,521 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in Terex by 61.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 16,811 shares of the industrial products company’s stock worth $966,000 after buying an additional 6,369 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its holdings in Terex by 4.1% during the fourth quarter. New York State Teachers Retirement System now owns 93,215 shares of the industrial products company’s stock worth $5,356,000 after buying an additional 3,661 shares in the last quarter. 92.88% of the stock is currently owned by institutional investors.

Terex Stock Performance

Shares of TEX opened at $60.27 on Friday. The company has a market capitalization of $4.06 billion, a PE ratio of 7.94, a price-to-earnings-growth ratio of 0.59 and a beta of 1.64. Terex Co. has a one year low of $42.50 and a one year high of $65.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.01 and a quick ratio of 0.95. The company’s fifty day moving average price is $59.68 and its 200 day moving average price is $56.03.

Terex (NYSE:TEX) last posted its quarterly earnings results on Friday, February 9th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.41. The company 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 business’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the business posted $1.34 EPS. As a group, analysts expect that Terex Co. will post 6.96 earnings per share for the current year.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were given a $0.17 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.68 annualized dividend and a yield of 1.13%. Terex’s dividend payout ratio is 8.96%.

Insiders Place Their Bets

In other Terex news, insider Kieran Hegarty sold 18,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $56.80, for a total value of $1,022,400.00. Following the sale, the insider now directly owns 198,619 shares in the company, valued at approximately $11,281,559.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Kieran Hegarty sold 18,000 shares of Terex stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $56.80, for a total transaction of $1,022,400.00. Following the sale, the insider now directly owns 198,619 shares in the company, valued at approximately $11,281,559.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joshua Gross sold 4,945 shares of Terex stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $59.13, for a total transaction of $292,397.85. Following the sale, the insider now owns 21,457 shares in the company, valued at $1,268,752.41. 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. Insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

TEX has been the subject of a number of recent analyst reports. 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 research note on Tuesday, February 13th. Citigroup increased their target price 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. Bank of America reiterated an “underperform” rating and issued a $57.00 target price on shares of Terex in a research report on Friday, January 19th. JPMorgan Chase & Co. downgraded shares of Terex from an “overweight” rating to a “neutral” rating and set a $63.00 target price for the company. in a research report on Monday, March 18th. Finally, UBS Group downgraded shares of Terex from a “buy” rating to a “neutral” rating and increased their target price for the stock from $61.00 to $62.00 in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $65.08.

Terex Company 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.