Terex Co. (NYSE:TEX) Shares Sold by Strs Ohio

Strs Ohio lessened its stake in Terex Co. (NYSE:TEX - Free Report) by 81.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,100 shares of the industrial products company's stock after selling 17,500 shares during the quarter. Strs Ohio's holdings in Terex were worth $235,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TEX. SG Americas Securities LLC grew its position in shares of Terex by 314.2% during the 3rd quarter. SG Americas Securities LLC now owns 19,324 shares of the industrial products company's stock valued at $1,113,000 after purchasing an additional 14,659 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in Terex by 96.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 17,953 shares of the industrial products company's stock worth $1,034,000 after purchasing an additional 8,800 shares during the period. FinTrust Capital Advisors LLC bought a new stake in Terex during the 3rd quarter valued at $31,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Terex by 12.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 7,670 shares of the industrial products company's stock worth $442,000 after buying an additional 851 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Terex during the 3rd quarter worth $602,000. Hedge funds and other institutional investors own 92.88% of the company's stock.

Wall Street Analyst Weigh In

TEX has been the topic of several recent research reports. The Goldman Sachs Group increased their target price on Terex from $52.00 to $59.00 and gave the company a "neutral" rating in a research report on Tuesday, February 13th. Bank of America reiterated an "underperform" rating and issued a $57.00 target price on shares of Terex in a research note on Friday, January 19th. 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 target price on the stock. Evercore ISI decreased their price target on shares of Terex from $65.00 to $63.00 and set an "outperform" rating for the company in a report on Tuesday, February 20th. Finally, Citigroup boosted their price objective on shares of Terex from $54.00 to $63.00 and gave the company a "neutral" rating in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $65.08.

Terex Stock Performance

Terex stock traded down $2.89 during midday trading on Tuesday, hitting $56.07. 1,183,466 shares of the company were exchanged, compared to its average volume of 757,526. The business has a fifty day simple moving average of $60.13 and a two-hundred day simple moving average of $56.32. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 2.16. The firm has a market capitalization of $3.77 billion, a PE ratio of 7.42, a price-to-earnings-growth ratio of 0.58 and a beta of 1.64. Terex Co. has a fifty-two week low of $43.70 and a fifty-two week high of $65.89.

Terex (NYSE:TEX - Get Free Report) last issued its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.41 EPS for the quarter, hitting analysts' consensus estimates of $1.41. Terex had a net margin of 9.87% and a return on equity of 30.53%. The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter last year, the company earned $1.34 EPS. The business's revenue was up .4% on a year-over-year basis. On average, sell-side analysts forecast that Terex Co. will post 7.05 earnings per share for the current year.

Terex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.21%. Terex's dividend payout ratio (DPR) is currently 9.01%.

Insider Transactions at Terex

In other Terex 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 stock was sold at an average price of $64.28, for a total value of $3,214,000.00. Following the sale, the chief executive officer now directly owns 315,483 shares of the company's stock, valued at $20,279,247.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO John L. Garrison, Jr. sold 50,000 shares of Terex 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 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 the SEC website. Also, CEO John L. Garrison, Jr. sold 59,094 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 380,834 shares of the company's stock, valued at approximately $22,876,698.38. The disclosure for this sale can be found here. Insiders have sold a total of 132,039 shares of company stock valued at $8,078,574 in the last ninety days. 1.90% of the stock is currently owned by corporate insiders.

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.