Terex Corporation (NYSE:TEX) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC decreased its holdings in Terex Corporation (NYSE:TEX - Free Report) by 44.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 712,499 shares of the industrial products company's stock after selling 567,877 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 1.07% of Terex worth $26,918,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Allspring Global Investments Holdings LLC raised its stake in Terex by 1.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 48,991 shares of the industrial products company's stock worth $2,246,000 after acquiring an additional 622 shares during the period. Rhumbline Advisers raised its stake in Terex by 3.3% during the fourth quarter. Rhumbline Advisers now owns 233,963 shares of the industrial products company's stock worth $10,814,000 after acquiring an additional 7,504 shares during the period. State of New Jersey Common Pension Fund D raised its stake in Terex by 16.0% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 40,840 shares of the industrial products company's stock worth $1,888,000 after acquiring an additional 5,633 shares during the period. Principal Financial Group Inc. raised its stake in Terex by 2.8% during the fourth quarter. Principal Financial Group Inc. now owns 224,351 shares of the industrial products company's stock worth $10,370,000 after acquiring an additional 6,132 shares during the period. Finally, New York State Common Retirement Fund raised its stake in Terex by 2.2% during the fourth quarter. New York State Common Retirement Fund now owns 22,130 shares of the industrial products company's stock worth $1,023,000 after acquiring an additional 467 shares during the period. Institutional investors and hedge funds own 92.88% of the company's stock.

Terex Price Performance

Shares of TEX opened at $45.45 on Friday. The firm has a market capitalization of $3.01 billion, a PE ratio of 12.38, a PEG ratio of 4.79 and a beta of 1.60. The company's 50-day moving average is $42.38 and its 200-day moving average is $43.20. Terex Corporation has a fifty-two week low of $31.53 and a fifty-two week high of $68.08. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.11 and a quick ratio of 1.07.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The industrial products company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.26. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.26 billion. Terex had a net margin of 4.89% and a return on equity of 18.79%. Terex's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period last year, the firm earned $1.60 earnings per share. Equities analysts forecast that Terex Corporation will post 4.83 EPS for the current 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 dividend of $0.17 per share. The ex-dividend date was Friday, June 6th. This represents a $0.68 annualized dividend and a yield of 1.50%. Terex's payout ratio is 18.53%.

Wall Street Analyst Weigh In

Several research analysts have commented on TEX shares. Citigroup decreased their target price on shares of Terex from $45.00 to $36.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Evercore ISI upped their target price on shares of Terex from $59.00 to $62.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. UBS Group upgraded shares of Terex from a "sell" rating to a "neutral" rating and upped their target price for the stock from $34.00 to $48.00 in a research report on Friday, May 16th. The Goldman Sachs Group upgraded shares of Terex from a "neutral" rating to a "buy" rating and upped their target price for the stock from $45.00 to $60.00 in a research report on Tuesday, May 27th. Finally, Morgan Stanley decreased their price objective on shares of Terex from $43.00 to $30.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $50.90.

Insiders Place Their Bets

In other news, insider Joshua Gross sold 5,389 shares of the stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.90% of the company's stock.

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.

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