Terex Co. (NYSE:TEX) Stock Position Raised by Waterfront Wealth Inc.

Waterfront Wealth Inc. lifted its holdings in shares of Terex Co. (NYSE:TEX) by 40.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,510 shares of the industrial products company’s stock after buying an additional 11,644 shares during the period. Waterfront Wealth Inc. owned 0.06% of Terex worth $1,872,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Creative Planning boosted its stake in Terex by 15.4% during the 3rd quarter. Creative Planning now owns 19,998 shares of the industrial products company’s stock valued at $1,058,000 after purchasing an additional 2,664 shares during the period. Blue Trust Inc. boosted its stake in Terex by 89.3% during the 3rd quarter. Blue Trust Inc. now owns 969 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 457 shares during the period. Greenleaf Trust boosted its stake in Terex by 7.3% during the 3rd quarter. Greenleaf Trust now owns 4,203 shares of the industrial products company’s stock valued at $222,000 after purchasing an additional 286 shares during the period. International Assets Investment Management LLC boosted its stake in Terex by 105.0% during the 3rd quarter. International Assets Investment Management LLC now owns 4,074 shares of the industrial products company’s stock valued at $216,000 after purchasing an additional 2,087 shares during the period. Finally, E. Ohman J or Asset Management AB boosted its stake in Terex by 11.5% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 34,448 shares of the industrial products company’s stock valued at $1,823,000 after purchasing an additional 3,551 shares during the period. Institutional investors own 92.88% of the company’s stock.

Terex Stock Performance

Shares of TEX opened at $45.57 on Friday. The company has a market capitalization of $3.03 billion, a PE ratio of 9.19, a price-to-earnings-growth ratio of 4.70 and a beta of 1.54. Terex Co. has a one year low of $43.23 and a one year high of $68.08. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. The company’s fifty day moving average price is $46.39 and its 200 day moving average price is $51.02.

Terex (NYSE:TEX) last announced its earnings results on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same period in the prior year, the firm posted $1.88 EPS. As a group, analysts expect that Terex Co. will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th will be given a $0.17 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.68 annualized dividend and a yield of 1.49%. Terex’s dividend payout ratio is 13.71%.

Insiders Place Their Bets

In related news, Director David A. Sachs purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were bought at an average cost of $51.30 per share, for a total transaction of $513,000.00. Following the transaction, the director now directly owns 107,500 shares of the company’s stock, valued at approximately $5,514,750. This trade represents a 10.26 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Simon Meester sold 9,877 shares of Terex stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total transaction of $505,109.78. Following the sale, the chief executive officer now owns 127,858 shares in the company, valued at approximately $6,538,658.12. This trade represents a 7.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barclays reduced their price target on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. StockNews.com lowered shares of Terex from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Evercore ISI reduced their price target on shares of Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday. Robert W. Baird reduced their price target on shares of Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, Truist Financial reduced their price target on shares of Terex from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.11.

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.