OMERS ADMINISTRATION Corp Sells 8,400 Shares of Terex Co. (NYSE:TEX)

OMERS ADMINISTRATION Corp cut its position in Terex Co. (NYSE:TEX - Free Report) by 25.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,500 shares of the industrial products company's stock after selling 8,400 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Terex were worth $1,132,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TEX. Barclays PLC raised its stake in shares of Terex by 40.2% in the third quarter. Barclays PLC now owns 129,250 shares of the industrial products company's stock valued at $6,838,000 after buying an additional 37,072 shares during the period. Profit Investment Management LLC raised its stake in shares of Terex by 7.5% during the 4th quarter. Profit Investment Management LLC now owns 48,514 shares of the industrial products company's stock valued at $2,242,000 after purchasing an additional 3,388 shares during the period. J2 Capital Management Inc bought a new stake in shares of Terex during the 4th quarter valued at $353,000. Clear Harbor Asset Management LLC bought a new stake in shares of Terex during the 4th quarter valued at $930,000. Finally, Curated Wealth Partners LLC raised its stake in shares of Terex by 28.3% during the 4th quarter. Curated Wealth Partners LLC now owns 226,922 shares of the industrial products company's stock valued at $10,488,000 after purchasing an additional 50,000 shares during the period. 92.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Joshua Gross sold 5,389 shares of Terex stock in a transaction on Monday, May 5th. The stock was sold at an average price of $40.75, for a total value of $219,601.75. Following the transaction, the insider now directly owns 38,755 shares in the company, valued at approximately $1,579,266.25. This trade represents a 12.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Andra Rush acquired 1,325 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $36.96 per share, with a total value of $48,972.00. Following the completion of the purchase, the director now directly owns 23,308 shares in the company, valued at $861,463.68. The trade was a 6.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective 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 upgraded Terex from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $34.00 to $48.00 in a research note on Friday. Citigroup decreased their price objective on Terex from $45.00 to $36.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group reduced their target price on Terex from $60.00 to $52.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Finally, Truist Financial boosted their target price on Terex from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Terex presently has an average rating of "Hold" and an average target price of $49.40.

Terex Price Performance

Shares of Terex stock traded down $0.09 during trading hours on Tuesday, hitting $48.24. The company's stock had a trading volume of 967,709 shares, compared to its average volume of 914,132. The business has a 50 day moving average price of $38.30 and a two-hundred day moving average price of $44.45. Terex Co. has a 12-month low of $31.53 and a 12-month high of $68.08. The company has a market cap of $3.20 billion, a PE ratio of 9.73, a PEG ratio of 4.53 and a beta of 1.52. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16.

Terex (NYSE:TEX - Get Free Report) last issued its earnings results on Friday, May 2nd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.26. Terex had a return on equity of 21.99% and a net margin of 6.54%. The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.26 billion. During the same period in the previous year, the firm posted $1.60 earnings per share. The business's revenue was down 4.9% compared to the same quarter last year. Analysts expect that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a $0.17 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.68 annualized dividend and a yield of 1.41%. Terex's dividend payout ratio (DPR) is currently 18.53%.

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.