Terex Co. (NYSE:TEX) Holdings Lifted by Crestline Management LP

Crestline Management LP raised its position in Terex Co. (NYSE:TEX - Free Report) by 561.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,423 shares of the industrial products company's stock after acquiring an additional 38,553 shares during the quarter. Crestline Management LP owned 0.07% of Terex worth $2,099,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC increased its stake in Terex by 40.2% during the 3rd quarter. Barclays PLC now owns 129,250 shares of the industrial products company's stock worth $6,838,000 after buying an additional 37,072 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Terex during the third quarter valued at about $40,000. Franklin Resources Inc. increased its position in shares of Terex by 1.0% during the third quarter. Franklin Resources Inc. now owns 81,450 shares of the industrial products company's stock worth $4,512,000 after acquiring an additional 795 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Terex by 3.5% in the fourth quarter. Nordea Investment Management AB now owns 107,029 shares of the industrial products company's stock worth $4,888,000 after acquiring an additional 3,608 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in Terex by 1.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 33,839 shares of the industrial products company's stock valued at $1,564,000 after purchasing an additional 529 shares during the last quarter. Hedge funds and other institutional investors own 92.88% of the company's stock.

Wall Street Analysts Forecast Growth

TEX has been the topic of a number of recent analyst reports. StockNews.com raised Terex from a "sell" rating to a "hold" rating in a research report on Monday, May 5th. Truist Financial increased their price objective on shares of Terex from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Morgan Stanley dropped their target price on shares of Terex from $43.00 to $30.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. UBS Group cut shares of Terex from a "neutral" rating to a "sell" rating and reduced their price target for the stock from $49.00 to $32.00 in a research report on Monday, April 7th. Finally, Citigroup lowered their price objective on Terex from $45.00 to $36.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Terex currently has a consensus rating of "Hold" and an average price target of $46.40.

Terex Stock Performance

Shares of NYSE TEX traded up $0.50 during mid-day trading on Friday, hitting $41.23. The company had a trading volume of 489,793 shares, compared to its average volume of 901,485. Terex Co. has a 12 month low of $31.53 and a 12 month high of $68.08. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 4.53 and a beta of 1.52. 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 firm's 50 day simple moving average is $37.49 and its two-hundred day simple moving average is $44.76.

Terex (NYSE:TEX - Get Free Report) last posted its earnings results 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 analysts' expectations of $1.26 billion. Terex had a return on equity of 21.99% and a net margin of 6.54%. The firm's quarterly revenue was down 4.9% compared to the same quarter last year. During the same period last year, the business posted $1.60 earnings per share. As a group, equities research analysts forecast that Terex Co. will post 4.83 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Joshua Gross sold 5,389 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $40.75, for a total value of $219,601.75. Following the completion of the transaction, the insider now directly owns 38,755 shares of the company's stock, valued at $1,579,266.25. This represents a 12.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andra Rush purchased 1,325 shares of Terex stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price of $36.96 per share, with a total value of $48,972.00. Following the transaction, the director now directly owns 23,308 shares in the company, valued at $861,463.68. This trade represents a 6.03 % increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is owned by insiders.

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.