GAMMA Investing LLC Acquires 48,662 Shares of Terex Corporation (NYSE:TEX)

GAMMA Investing LLC grew its holdings in Terex Corporation (NYSE:TEX - Free Report) by 6,144.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 49,454 shares of the industrial products company's stock after purchasing an additional 48,662 shares during the quarter. GAMMA Investing LLC owned about 0.07% of Terex worth $1,868,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Neo Ivy Capital Management bought a new position in Terex during the fourth quarter valued at about $29,000. Jones Financial Companies Lllp bought a new position in Terex during the fourth quarter valued at about $31,000. Smartleaf Asset Management LLC increased its stake in Terex by 46.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 222 shares during the period. VisionPoint Advisory Group LLC bought a new position in Terex during the fourth quarter valued at about $51,000. Finally, Sterling Capital Management LLC increased its stake in Terex by 817.0% during the fourth quarter. Sterling Capital Management LLC now owns 2,100 shares of the industrial products company's stock valued at $97,000 after acquiring an additional 1,871 shares during the period. 92.88% of the stock is owned by institutional investors and hedge funds.

Terex Price Performance

Shares of NYSE:TEX traded up $0.45 during trading on Wednesday, reaching $45.33. The stock had a trading volume of 918,281 shares, compared to its average volume of 923,229. Terex Corporation has a 52 week low of $31.53 and a 52 week high of $68.08. The business's 50-day moving average price is $41.94 and its 200 day moving average price is $43.42. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.11 and a quick ratio of 1.07. The stock has a market capitalization of $3.00 billion, a PE ratio of 12.35, a P/E/G ratio of 4.72 and a beta of 1.60.

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. Terex had a net margin of 4.89% and a return on equity of 18.79%. The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same quarter in the previous year, the company posted $1.60 earnings per share. Terex's quarterly revenue was down 4.9% compared to the same quarter last year. As a group, equities analysts predict that Terex Corporation will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.50%. The ex-dividend date is Friday, June 6th. Terex's dividend payout ratio (DPR) is presently 18.53%.

Insider Buying and Selling

In related news, insider Joshua Gross sold 5,389 shares of the business's stock in a transaction that occurred 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 in the company, valued at $1,579,266.25. The trade was a 12.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TEX has been the topic of a number of recent research reports. Evercore ISI lifted their price objective on Terex from $59.00 to $62.00 and gave the company an "outperform" rating in a report on Monday, May 19th. UBS Group raised Terex from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $34.00 to $48.00 in a report on Friday, May 16th. JPMorgan Chase & Co. lifted their price objective on Terex from $43.00 to $50.00 and gave the company a "neutral" rating in a report on Tuesday, June 10th. Citigroup decreased their price objective on Terex from $45.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Baird R W raised Terex from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $50.90.

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.