Wealth Enhancement Advisory Services LLC Has $26.92 Million Position in Terex Corporation (NYSE:TEX)

Wealth Enhancement Advisory Services LLC reduced its holdings in Terex Corporation (NYSE:TEX - Free Report) by 44.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 712,499 shares of the industrial products company's stock after selling 567,877 shares during the period. Wealth Enhancement Advisory Services LLC owned 1.07% of Terex worth $26,918,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position 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 valued at $32,000 after acquiring an additional 222 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Terex by 0.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 36,671 shares of the industrial products company's stock valued at $1,695,000 after acquiring an additional 237 shares during the period. Barnett & Company Inc. grew its position in shares of Terex by 4.3% in the 4th quarter. Barnett & Company Inc. now owns 7,300 shares of the industrial products company's stock valued at $337,000 after acquiring an additional 300 shares during the period. UMB Bank n.a. grew its position in shares of Terex by 83.0% in the 1st quarter. UMB Bank n.a. now owns 732 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 332 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in shares of Terex by 21.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 2,300 shares of the industrial products company's stock valued at $106,000 after acquiring an additional 400 shares during the period. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TEX. Baird R W raised shares of Terex from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Wall Street Zen raised shares of Terex from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Evercore ISI lifted their target price on shares of Terex from $59.00 to $62.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. UBS Group raised shares of Terex from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $34.00 to $48.00 in a report on Friday, May 16th. Finally, Truist Financial lifted their target price on shares of Terex from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Eight 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 data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $50.90.

Terex Stock Performance

NYSE TEX traded down $0.53 during trading on Wednesday, reaching $46.12. The company's stock had a trading volume of 799,510 shares, compared to its average volume of 928,305. The company has a current ratio of 2.11, a quick ratio of 1.07 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 4.72 and a beta of 1.60. Terex Corporation has a 12 month low of $31.53 and a 12 month high of $68.08. The firm has a 50 day moving average price of $42.81 and a 200 day moving average price of $43.09.

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 firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.26 billion. Terex had a net margin of 4.89% and a return on equity of 18.79%. The business's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.60 EPS. As a group, equities analysts anticipate that Terex Corporation will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Friday, June 6th. Terex's dividend payout ratio is currently 18.53%.

Insider Buying and Selling at Terex

In other 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 directly owns 38,755 shares in the company, valued at approximately $1,579,266.25. The trade was a 12.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.90% of the company's stock.

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.