Tema Etfs LLC Buys Shares of 61,544 Terex Co. (NYSE:TEX)

Tema Etfs LLC acquired a new position in Terex Co. (NYSE:TEX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 61,544 shares of the industrial products company's stock, valued at approximately $2,845,000. Terex accounts for approximately 1.2% of Tema Etfs LLC's investment portfolio, making the stock its 29th biggest position. Tema Etfs LLC owned approximately 0.09% of Terex at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TEX. Jones Financial Companies Lllp acquired a new stake in Terex during the fourth quarter worth about $31,000. Smartleaf Asset Management LLC lifted its holdings in shares of Terex by 46.1% in 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 last quarter. VisionPoint Advisory Group LLC bought a new stake in shares of Terex in the 4th quarter worth approximately $51,000. Blue Trust Inc. boosted its position in Terex by 26.8% during the 4th quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock valued at $57,000 after purchasing an additional 260 shares during the period. Finally, Sterling Capital Management LLC grew its stake in Terex by 817.0% during the 4th quarter. Sterling Capital Management LLC now owns 2,100 shares of the industrial products company's stock worth $97,000 after buying an additional 1,871 shares during the last quarter. 92.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TEX. Citigroup cut their price objective on shares of Terex from $45.00 to $36.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Baird R W upgraded shares of Terex from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. The Goldman Sachs Group reduced their price objective on Terex from $60.00 to $52.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. UBS Group raised Terex from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $34.00 to $48.00 in a report on Friday, May 16th. Finally, StockNews.com downgraded Terex from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $49.40.

Terex Price Performance

NYSE TEX traded down $2.62 on Wednesday, reaching $45.61. 1,075,492 shares of the stock traded hands, compared to its average volume of 919,192. Terex Co. has a 12 month low of $31.53 and a 12 month high of $68.08. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 9.20, a P/E/G ratio of 4.53 and a beta of 1.52. The firm's fifty day simple moving average is $38.49 and its 200 day simple moving average is $44.47. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41.

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

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.68 annualized dividend and a dividend yield of 1.49%. Terex's dividend payout ratio (DPR) is 18.53%.

Insider Transactions at Terex

In related news, Director Andra Rush bought 1,325 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $36.96 per share, with a total value of $48,972.00. Following the completion of the transaction, the director now directly owns 23,308 shares of the company's stock, valued at approximately $861,463.68. This trade represents a 6.03% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joshua Gross sold 5,389 shares of the 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 completion of the transaction, the insider now owns 38,755 shares of the company's stock, valued at $1,579,266.25. This trade represents 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 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.