Unique Wealth Strategies LLC Buys New Position in Terex Co. (NYSE:TEX)

Unique Wealth Strategies LLC purchased a new position in Terex Co. (NYSE:TEX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,636 shares of the industrial products company’s stock, valued at approximately $669,000.

A number of other large investors have also modified their holdings of the business. FMR LLC increased its position in shares of Terex by 3.9% in the 3rd quarter. FMR LLC now owns 2,691,767 shares of the industrial products company’s stock valued at $155,100,000 after acquiring an additional 102,193 shares during the period. Greenhaven Associates Inc. increased its holdings in shares of Terex by 101.5% in the fourth quarter. Greenhaven Associates Inc. now owns 1,456,700 shares of the industrial products company’s stock valued at $83,702,000 after purchasing an additional 733,690 shares during the period. AQR Capital Management LLC raised its stake in shares of Terex by 9.3% in the third quarter. AQR Capital Management LLC now owns 1,137,753 shares of the industrial products company’s stock worth $65,557,000 after purchasing an additional 96,834 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Terex by 5.0% during the third quarter. Victory Capital Management Inc. now owns 783,981 shares of the industrial products company’s stock worth $45,173,000 after purchasing an additional 36,990 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of Terex during the third quarter worth about $36,672,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Terex Price Performance

Terex stock traded down $0.31 during midday trading on Friday, reaching $59.59. The company had a trading volume of 2,147,335 shares, compared to its average volume of 754,668. Terex Co. has a 12-month low of $42.50 and a 12-month high of $65.89. The firm’s fifty day simple moving average is $60.06 and its 200-day simple moving average is $56.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.01 and a quick ratio of 0.95. The company has a market capitalization of $4.01 billion, a P/E ratio of 7.89, a P/E/G ratio of 0.59 and a beta of 1.64.

Terex (NYSE:TEX) last issued its quarterly 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 return on equity of 31.52% and a net margin of 9.87%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company posted $1.34 earnings per share. The business’s revenue was up .4% on a year-over-year basis. As a group, equities analysts anticipate that Terex Co. will post 7.05 EPS for the current year.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Thursday, March 7th. Terex’s dividend payout ratio (DPR) is 9.01%.

Insider Transactions at Terex

In related news, CEO John L. Garrison, Jr. sold 50,000 shares of the company’s stock in a transaction dated 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 completion of the sale, 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 SEC, which can be accessed through this hyperlink. In related news, CEO John L. Garrison, Jr. sold 50,000 shares of Terex stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $64.28, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Joshua Gross sold 4,945 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $59.13, for a total value of $292,397.85. Following the completion of the sale, the insider now owns 21,457 shares of the company’s stock, valued at $1,268,752.41. The disclosure for this sale can be found here. Over the last three months, insiders have sold 132,039 shares of company stock valued at $8,078,574. Corporate insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Terex from $52.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 13th. UBS Group lowered shares of Terex from a “buy” rating to a “neutral” rating and upped their price target for the company from $61.00 to $62.00 in a report on Tuesday, February 13th. Truist Financial began coverage on Terex in a research note on Thursday, March 14th. They issued a “buy” rating and a $73.00 target price on the stock. Citigroup boosted their price target on Terex from $54.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Finally, Evercore ISI dropped their price objective on shares of Terex from $65.00 to $63.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Terex currently has a consensus rating of “Hold” and an average target price of $65.08.

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.