Terex Co. (NYSE:TEX) Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its stake in shares of Terex Co. (NYSE:TEX - Free Report) by 486.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,272 shares of the industrial products company's stock after purchasing an additional 39,205 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.07% of Terex worth $2,715,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. grew its position in shares of Terex by 179.0% during the fourth quarter. Blue Trust Inc. now owns 466 shares of the industrial products company's stock worth $27,000 after acquiring an additional 299 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of Terex by 440.7% during the third quarter. Avior Wealth Management LLC now owns 492 shares of the industrial products company's stock worth $28,000 after buying an additional 401 shares during the period. Dark Forest Capital Management LP purchased a new position in shares of Terex during the first quarter worth about $28,000. McGlone Suttner Wealth Management Inc. acquired a new position in Terex in the 4th quarter valued at about $29,000. Finally, ST Germain D J Co. Inc. purchased a new stake in Terex during the 2nd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 92.88% of the company's stock.

Terex Price Performance

TEX stock traded up $0.63 during midday trading on Friday, hitting $65.09. 549,978 shares of the stock were exchanged, compared to its average volume of 699,262. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.95 and a current ratio of 2.01. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 0.65 and a beta of 1.64. Terex Co. has a fifty-two week low of $41.89 and a fifty-two week high of $65.89. The stock's 50-day moving average price is $59.66 and its 200-day moving average price is $55.66.

Terex (NYSE:TEX - Get Free Report) last announced its earnings results on Friday, February 9th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.41. Terex had a net margin of 10.06% and a return on equity of 32.89%. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the previous year, the business posted $1.34 earnings per share. The firm's quarterly revenue was up .4% compared to the same quarter last year. Research analysts predict that Terex Co. will post 6.94 earnings per share for the current year.

Terex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Thursday, March 7th. Terex's dividend payout ratio (DPR) is presently 8.96%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TEX. Jefferies Financial Group downgraded Terex from a "buy" rating to a "hold" rating and lowered their target price for the company from $73.00 to $63.00 in a research note on Wednesday, December 20th. Truist Financial started coverage on shares of Terex in a research report on Thursday, March 14th. They set a "buy" rating and a $73.00 price objective for the company. UBS Group downgraded shares of Terex from a "buy" rating to a "neutral" rating and lifted their target price for the company from $61.00 to $62.00 in a report on Tuesday, February 13th. Citigroup increased their price target on shares of Terex from $54.00 to $63.00 and gave the stock a "neutral" rating in a report on Monday, February 12th. Finally, JPMorgan Chase & Co. cut Terex from an "overweight" rating to a "neutral" rating and set a $63.00 target price on the stock. in a research report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $64.21.

Insiders Place Their Bets

In related news, CEO John L. Garrison, Jr. sold 50,000 shares of the business's stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $64.28, for a total value of $3,214,000.00. Following the completion of the transaction, the chief executive officer now owns 315,483 shares of the company's stock, valued at approximately $20,279,247.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO John L. Garrison, Jr. sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $64.28, for a total transaction of $3,214,000.00. Following the sale, the chief executive officer now owns 315,483 shares in the company, valued at $20,279,247.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John L. Garrison, Jr. sold 59,094 shares of Terex stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $60.07, for a total transaction of $3,549,776.58. Following the completion of the sale, the chief executive officer now directly owns 380,834 shares of the company's stock, valued at $22,876,698.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 132,039 shares of company stock valued at $8,078,574. Corporate insiders own 2.40% 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.