1,280,376 Shares in Terex Co. (NYSE:TEX) Acquired by Wealth Enhancement Advisory Services LLC

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

Several other hedge funds and other institutional investors also recently modified their holdings of TEX. Neo Ivy Capital Management bought a new stake in shares of Terex in the fourth quarter valued at approximately $29,000. Jones Financial Companies Lllp bought a new stake in shares of Terex in the fourth quarter valued at approximately $31,000. Smartleaf Asset Management LLC raised its position in shares of Terex by 46.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 222 shares during the period. VisionPoint Advisory Group LLC bought a new stake in shares of Terex in the fourth quarter valued at approximately $51,000. Finally, Blue Trust Inc. increased its holdings in Terex by 26.8% during the 4th quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock worth $57,000 after acquiring an additional 260 shares during the period. Institutional investors own 92.88% of the company's stock.

Terex Trading Down 2.2%

Shares of Terex stock traded down $0.97 during trading on Monday, reaching $44.04. The company's stock had a trading volume of 946,929 shares, compared to its average volume of 924,468. Terex Co. has a 52-week low of $31.53 and a 52-week high of $68.08. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 4.53 and a beta of 1.52. The firm's 50-day moving average is $39.48 and its two-hundred day moving average is $43.87. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41.

Terex (NYSE:TEX - Get Free Report) last announced 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. Terex had a net margin of 6.54% and a return on equity of 21.99%. 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 prior year, the company earned $1.60 EPS. The firm's revenue was down 4.9% on a year-over-year basis. On average, sell-side analysts anticipate that Terex Co. will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.68 annualized dividend and a yield of 1.54%. Terex's payout ratio is currently 18.53%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TEX shares. Wall Street Zen raised shares of Terex from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Barclays decreased their target price on shares of Terex from $60.00 to $52.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. Morgan Stanley decreased their target price on shares of Terex from $43.00 to $30.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group raised 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 report on Tuesday, May 27th. Finally, Robert W. Baird raised shares of Terex from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $48.00 to $66.00 in a report on Tuesday, May 13th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $50.20.

Insider Buying and Selling at Terex

In other news, Director Andra Rush purchased 1,325 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $36.96 per share, with a total value of $48,972.00. Following the transaction, the director now directly owns 23,308 shares of the company's stock, valued at approximately $861,463.68. This represents a 6.03% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joshua Gross sold 5,389 shares of the stock in a transaction dated 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 transaction, the insider now owns 38,755 shares of the company's stock, valued at approximately $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 corporate 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.