Burns Matteson Capital Management LLC Invests $222,000 in Terex Co. (NYSE:TEX)

Burns Matteson Capital Management LLC purchased a new stake in shares of Terex Co. (NYSE:TEX) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 4,053 shares of the industrial products company’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SummerHaven Investment Management LLC increased its stake in Terex by 1.6% in the 4th quarter. SummerHaven Investment Management LLC now owns 11,692 shares of the industrial products company’s stock worth $672,000 after buying an additional 188 shares in the last quarter. Greenwich Wealth Management LLC grew its position in shares of Terex by 0.3% during the fourth quarter. Greenwich Wealth Management LLC now owns 61,670 shares of the industrial products company’s stock worth $3,544,000 after purchasing an additional 209 shares in the last quarter. QRG Capital Management Inc. raised its stake in Terex by 4.6% during the 4th quarter. QRG Capital Management Inc. now owns 5,332 shares of the industrial products company’s stock valued at $306,000 after purchasing an additional 234 shares during the period. FCG Investment Co lifted its holdings in Terex by 4.7% in the 1st quarter. FCG Investment Co now owns 6,314 shares of the industrial products company’s stock worth $407,000 after purchasing an additional 285 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Terex by 179.0% in the 4th quarter. Blue Trust Inc. now owns 466 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 299 shares during the period. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Terex Trading Up 1.9 %

Shares of NYSE TEX traded up $1.04 during trading hours on Tuesday, reaching $55.11. The stock had a trading volume of 954,824 shares, compared to its average volume of 852,042. Terex Co. has a 52-week low of $43.70 and a 52-week high of $68.08. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 7.30, a P/E/G ratio of 3.68 and a beta of 1.57. The business’s fifty day moving average price is $56.77 and its two-hundred day moving average price is $58.99. The company has a current ratio of 2.21, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36.

Terex (NYSE:TEX) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $2.16 EPS for the quarter, beating the consensus estimate of $2.06 by $0.10. Terex had a return on equity of 27.89% and a net margin of 9.55%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the firm posted $2.35 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts expect that Terex Co. will post 7.25 EPS for the current fiscal year.

Terex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, August 9th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, August 9th. This represents a $0.68 annualized dividend and a yield of 1.23%. Terex’s dividend payout ratio (DPR) is presently 9.01%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Citigroup assumed coverage on shares of Terex in a research report on Wednesday, June 26th. They set a “neutral” rating and a $60.00 price objective on the stock. Robert W. Baird raised their price objective on Terex from $58.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Jefferies Financial Group decreased their target price on Terex from $68.00 to $55.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. UBS Group lifted their price objective on Terex from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. Finally, Truist Financial boosted their price target on shares of Terex from $68.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $63.70.

Insider Activity

In other Terex news, CAO Stephen Johnston sold 3,239 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $62.00, for a total value of $200,818.00. Following the completion of the transaction, the chief accounting officer now directly owns 14,606 shares in the company, valued at $905,572. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Terex news, CAO Stephen Johnston sold 3,239 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $62.00, for a total value of $200,818.00. Following the completion of the sale, the chief accounting officer now directly owns 14,606 shares in the company, valued at $905,572. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Scott Posner sold 12,500 shares of Terex stock in a transaction on Friday, May 24th. The stock was sold at an average price of $60.48, for a total transaction of $756,000.00. Following the completion of the transaction, the vice president now directly owns 58,224 shares in the company, valued at $3,521,387.52. The disclosure for this sale can be found here. Company 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.