GW&K Investment Management LLC Cuts Stock Holdings in Terex Co. (NYSE:TEX)

GW&K Investment Management LLC lowered its position in Terex Co. (NYSE:TEX - Free Report) by 24.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 615,493 shares of the industrial products company's stock after selling 201,313 shares during the period. GW&K Investment Management LLC owned about 0.91% of Terex worth $35,366,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of TEX. Curated Wealth Partners LLC grew its position in shares of Terex by 48.1% during the fourth quarter. Curated Wealth Partners LLC now owns 176,922 shares of the industrial products company's stock worth $10,166,000 after purchasing an additional 57,500 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in Terex during the 3rd quarter valued at approximately $294,000. International Assets Investment Management LLC raised its position in shares of Terex by 5,549.8% during the fourth quarter. International Assets Investment Management LLC now owns 128,193 shares of the industrial products company's stock valued at $7,366,000 after buying an additional 125,924 shares during the last quarter. Trexquant Investment LP lifted its holdings in shares of Terex by 49.2% in the third quarter. Trexquant Investment LP now owns 64,448 shares of the industrial products company's stock worth $3,713,000 after buying an additional 21,257 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of Terex during the third quarter worth $302,000. Hedge funds and other institutional investors own 92.88% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TEX. JPMorgan Chase & Co. downgraded shares of Terex from an "overweight" rating to a "neutral" rating and set a $63.00 price target on the stock. in a report on Monday, March 18th. UBS Group increased their price target on Terex from $62.00 to $64.00 and gave the company a "neutral" rating in a research note on Tuesday. Truist Financial assumed coverage on Terex in a report on Thursday, March 14th. They set a "buy" rating and a $73.00 price target for the company. Evercore ISI decreased their price objective on Terex from $65.00 to $63.00 and set an "outperform" rating on the stock in a report on Tuesday, February 20th. Finally, Citigroup boosted their price target on shares of Terex from $54.00 to $63.00 and gave the stock a "neutral" rating in a research report on Monday, February 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $65.33.

Terex Trading Up 0.3 %

NYSE TEX traded up $0.17 during trading on Tuesday, hitting $62.12. The stock had a trading volume of 351,121 shares, compared to its average volume of 737,007. Terex Co. has a one year low of $43.70 and a one year high of $65.89. The stock has a 50 day simple moving average of $61.30 and a 200 day simple moving average of $57.56. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 8.20 and a beta of 1.66. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.06 and a current ratio of 2.16.

Terex (NYSE:TEX - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.23. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.23 billion. Terex had a return on equity of 30.53% and a net margin of 9.87%. Sell-side analysts predict that Terex Co. will post 7.09 earnings per share for the current year.

Insider Transactions at Terex

In other news, insider Kieran Hegarty sold 17,190 shares of the firm's stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $58.26, for a total transaction of $1,001,489.40. Following the transaction, the insider now directly owns 200,029 shares of the company's stock, valued at $11,653,689.54. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Kieran Hegarty sold 17,190 shares of Terex stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $58.26, for a total value of $1,001,489.40. Following the transaction, the insider now owns 200,029 shares of the company's stock, valued at approximately $11,653,689.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John L. Garrison, Jr. sold 50,000 shares of the business's stock in a transaction 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 transaction, the chief executive officer now owns 315,483 shares in the company, valued at $20,279,247.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 149,229 shares of company stock worth $9,080,064. Insiders own 1.90% of the company's stock.

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.