Wealth Enhancement Advisory Services LLC Makes New Investment in Terex Co. (NYSE:TEX)

Wealth Enhancement Advisory Services LLC bought a new stake in Terex Co. (NYSE:TEX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,280,376 shares of the industrial products company's stock, valued at approximately $59,179,000. Wealth Enhancement Advisory Services LLC owned approximately 1.93% of Terex as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its position in shares of Terex by 17.0% during the 4th quarter. FMR LLC now owns 8,782,287 shares of the industrial products company's stock worth $405,917,000 after purchasing an additional 1,272,920 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Terex by 94.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,150,673 shares of the industrial products company's stock valued at $99,404,000 after purchasing an additional 1,046,600 shares during the period. Norges Bank bought a new stake in shares of Terex during the 4th quarter valued at $35,001,000. First Trust Advisors LP lifted its position in shares of Terex by 43.2% during the 4th quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company's stock valued at $89,247,000 after acquiring an additional 582,819 shares during the period. Finally, Balyasny Asset Management L.P. lifted its position in shares of Terex by 66.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 352,780 shares of the industrial products company's stock valued at $16,305,000 after acquiring an additional 141,352 shares during the period. Institutional investors own 92.88% of the company's stock.

Terex Stock Down 2.0%

Shares of TEX stock traded down $0.91 during trading hours on Friday, reaching $45.03. The company had a trading volume of 761,361 shares, compared to its average volume of 923,719. Terex Co. has a 12 month low of $31.53 and a 12 month high of $68.08. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. The business has a fifty day simple moving average of $39.41 and a 200-day simple moving average of $44.04. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 4.53 and a beta of 1.52.

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 for the quarter, beating analysts' consensus estimates 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 quarter last year, the company earned $1.60 earnings per share. The company's revenue for the quarter was down 4.9% on a year-over-year basis. On average, research analysts expect that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a $0.17 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.51%. Terex's dividend payout ratio is presently 18.53%.

Analysts Set New Price Targets

Several analysts recently weighed in on TEX shares. Morgan Stanley dropped their price objective on Terex from $43.00 to $30.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. increased their price target on Terex from $38.00 to $43.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. UBS Group raised Terex from a "sell" rating to a "neutral" rating and increased their price target for the company from $34.00 to $48.00 in a research note on Friday, May 16th. Citigroup decreased their target price on Terex from $45.00 to $36.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Wall Street Zen raised Terex from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $50.20.

Insider Activity at Terex

In other Terex news, Director Andra Rush purchased 1,325 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 owns 23,308 shares of the company's stock, valued at $861,463.68. The trade was a 6.03% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joshua Gross sold 5,389 shares of the 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 sale, the insider now directly owns 38,755 shares of the company's stock, valued at $1,579,266.25. The trade was a 12.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

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.