Terex Co. (NYSE:TEX) Shares Bought by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. grew its holdings in Terex Co. (NYSE:TEX - Free Report) by 66.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 352,780 shares of the industrial products company's stock after buying an additional 141,352 shares during the period. Balyasny Asset Management L.P. owned approximately 0.53% of Terex worth $16,305,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp purchased a new position in shares of Terex in the 4th quarter worth $31,000. Smartleaf Asset Management LLC boosted its stake in shares of Terex by 46.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock worth $32,000 after purchasing an additional 222 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Terex during the 3rd quarter worth about $40,000. VisionPoint Advisory Group LLC purchased a new position in shares of Terex during the 4th quarter worth about $51,000. Finally, Blue Trust Inc. boosted its stake in shares of Terex by 26.8% during the 4th quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock worth $57,000 after purchasing an additional 260 shares during the period. 92.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TEX. Morgan Stanley decreased their price objective on shares of Terex from $43.00 to $30.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Robert W. Baird raised shares of Terex from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $48.00 to $66.00 in a report on Tuesday. UBS Group downgraded shares of Terex from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $49.00 to $32.00 in a report on Monday, April 7th. Truist Financial upped their price objective on shares of Terex from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, Citigroup dropped their price objective on shares of Terex from $45.00 to $36.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Terex currently has an average rating of "Hold" and a consensus price target of $47.50.

Insider Transactions at Terex

In other Terex news, Director Andra Rush bought 1,325 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $36.96 per share, with a total value of $48,972.00. Following the purchase, the director now directly owns 23,308 shares of the company's stock, valued at approximately $861,463.68. The trade was a 6.03% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Joshua Gross sold 5,389 shares of Terex 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 sale, the insider now directly owns 38,755 shares in the company, valued at $1,579,266.25. The trade was a 12.21% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company's stock.

Terex Trading Up 4.5%

NYSE TEX traded up $2.00 during mid-day trading on Tuesday, hitting $46.79. The company's stock had a trading volume of 346,396 shares, compared to its average volume of 901,814. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. Terex Co. has a 52-week low of $31.53 and a 52-week high of $68.08. The firm has a market capitalization of $3.10 billion, a P/E ratio of 9.43, a price-to-earnings-growth ratio of 4.53 and a beta of 1.52. The stock's fifty day simple moving average is $37.61 and its two-hundred day simple moving average is $44.64.

Terex (NYSE:TEX - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.26. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.26 billion. Terex had a net margin of 6.54% and a return on equity of 21.99%. The business's quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.60 earnings per share. Research analysts expect that Terex Co. will post 4.83 EPS for the current year.

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.