Paradoxiom Capital L.P. Buys Shares of 126,834 Terex Co. (NYSE:TEX)

Paradoxiom Capital L.P. bought a new stake in Terex Co. (NYSE:TEX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 126,834 shares of the industrial products company's stock, valued at approximately $5,862,000. Terex makes up approximately 2.4% of Paradoxiom Capital L.P.'s investment portfolio, making the stock its 21st largest position. Paradoxiom Capital L.P. owned about 0.19% of Terex as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp acquired a new position in shares of Terex in the 4th quarter valued at approximately $31,000. Smartleaf Asset Management LLC raised its position in shares of Terex by 46.1% in the 4th 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 in the last quarter. VisionPoint Advisory Group LLC acquired a new position in shares of Terex in the 4th quarter valued at approximately $51,000. Blue Trust Inc. raised its position in shares of Terex by 26.8% in the 4th quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock valued at $57,000 after purchasing an additional 260 shares in the last quarter. Finally, Sterling Capital Management LLC grew its position in shares of Terex by 817.0% in the 4th quarter. Sterling Capital Management LLC now owns 2,100 shares of the industrial products company's stock worth $97,000 after acquiring an additional 1,871 shares in the last quarter. 92.88% of the stock is owned by institutional investors and hedge funds.

Terex Price Performance

Shares of Terex stock traded up $1.12 during trading on Friday, hitting $48.02. The stock had a trading volume of 1,047,854 shares, compared to its average volume of 911,690. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. The firm has a market cap of $3.18 billion, a P/E ratio of 9.68, a PEG ratio of 4.53 and a beta of 1.52. The business has a fifty day moving average of $38.13 and a two-hundred day moving average of $44.57. Terex Co. has a fifty-two week low of $31.53 and a fifty-two week high of $68.08.

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 for the quarter, beating the consensus estimate of $0.57 by $0.26. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.26 billion. Terex had a return on equity of 21.99% and a net margin of 6.54%. The company's revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.60 earnings per share. On average, sell-side analysts expect that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Friday, June 6th. Terex's dividend payout ratio (DPR) is presently 18.53%.

Insider Transactions at Terex

In other Terex news, Director Andra Rush purchased 1,325 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $36.96 per share, with a total value of $48,972.00. Following the completion of the transaction, the director now owns 23,308 shares of the company's stock, valued at approximately $861,463.68. This represents a 6.03% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joshua Gross sold 5,389 shares of the company's stock in a transaction on Monday, May 5th. The shares were 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 $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 owned by insiders.

Wall Street Analyst Weigh In

TEX has been the subject of several research reports. Truist Financial lifted 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. Baird R W upgraded Terex from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. The Goldman Sachs Group decreased 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. JPMorgan Chase & Co. lifted their target price on Terex from $38.00 to $43.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Finally, Barclays decreased their target price on Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $49.10.

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.