ProShare Advisors LLC Purchases 6,383 Shares of Terex Co. (NYSE:TEX)

ProShare Advisors LLC grew its stake in shares of Terex Co. (NYSE:TEX - Free Report) by 41.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,891 shares of the industrial products company's stock after purchasing an additional 6,383 shares during the period. ProShare Advisors LLC's holdings in Terex were worth $1,012,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TEX. Barclays PLC lifted its holdings in shares of Terex by 40.2% during the third quarter. Barclays PLC now owns 129,250 shares of the industrial products company's stock valued at $6,838,000 after purchasing an additional 37,072 shares during the last quarter. Curated Wealth Partners LLC lifted its holdings in shares of Terex by 28.3% during the fourth quarter. Curated Wealth Partners LLC now owns 226,922 shares of the industrial products company's stock valued at $10,488,000 after purchasing an additional 50,000 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Terex by 26.8% during the fourth 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 last quarter. KBC Group NV lifted its holdings in shares of Terex by 15.5% during the fourth quarter. KBC Group NV now owns 9,590 shares of the industrial products company's stock valued at $443,000 after purchasing an additional 1,290 shares during the last quarter. Finally, Cascade Investment Advisors Inc. purchased a new stake in shares of Terex during the fourth quarter valued at $1,070,000. 92.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 transaction of $219,601.75. Following the completion of the sale, the insider now owns 38,755 shares in the company, valued at $1,579,266.25. This represents a 12.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Andra Rush bought 1,325 shares of the firm's stock in a transaction that occurred 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 purchase, the director now owns 23,308 shares in the company, valued at $861,463.68. This trade represents a 6.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Robert W. Baird raised Terex from a "neutral" rating to an "outperform" rating and upped their price target for the company from $48.00 to $66.00 in a research report on Tuesday, May 13th. Barclays dropped their price target on Terex from $60.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Monday, February 10th. Truist Financial upped their price target on Terex from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. upped their price target on Terex from $38.00 to $43.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Finally, Wall Street Zen raised Terex from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Eight equities 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 stock. According to data from MarketBeat.com, Terex presently has an average rating of "Hold" and a consensus price target of $50.20.

Terex Stock Up 5.6%

TEX stock traded up $2.52 during mid-day trading on Tuesday, hitting $47.13. The stock had a trading volume of 329,431 shares, compared to its average volume of 920,360. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. Terex Co. has a 1-year low of $31.53 and a 1-year high of $68.08. The company has a fifty day moving average of $38.92 and a 200 day moving average of $44.13. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 4.53 and a beta of 1.52.

Terex (NYSE:TEX - Get Free Report) last issued its earnings results on Friday, May 2nd. The industrial products company reported $0.83 earnings per share for the quarter, topping 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 company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the firm posted $1.60 EPS. The business's revenue was down 4.9% compared to the same quarter last year. On average, equities analysts expect that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Friday, June 6th. Terex's dividend payout ratio is 18.53%.

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.