VisionPoint Advisory Group LLC Purchases New Holdings in Terex Co. (NYSE:TEX)

VisionPoint Advisory Group LLC purchased a new stake in shares of Terex Co. (NYSE:TEX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,144 shares of the industrial products company’s stock, valued at approximately $51,000.

Several other large investors have also recently bought and sold shares of TEX. Regents Gate Capital LLP bought a new stake in Terex in the fourth quarter valued at approximately $5,561,000. Point72 Asset Management L.P. bought a new stake in Terex in the third quarter valued at approximately $4,283,000. Foundry Partners LLC bought a new stake in Terex in the third quarter valued at approximately $3,881,000. Bridgewater Associates LP raised its stake in Terex by 176.1% in the third quarter. Bridgewater Associates LP now owns 79,009 shares of the industrial products company’s stock valued at $4,180,000 after buying an additional 50,389 shares during the period. Finally, Curated Wealth Partners LLC raised its stake in Terex by 28.3% in the fourth quarter. Curated Wealth Partners LLC now owns 226,922 shares of the industrial products company’s stock valued at $10,488,000 after buying an additional 50,000 shares during the period. 92.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TEX has been the topic of several research analyst reports. Citigroup dropped their price objective on Terex from $57.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Truist Financial dropped their price objective on Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. StockNews.com lowered Terex from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. lowered their target price on Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, Evercore ISI lowered their target price on Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $56.11.

Insiders Place Their Bets

In other Terex news, CEO Simon Meester sold 9,877 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total value of $505,109.78. Following the sale, the chief executive officer now owns 127,858 shares of the company’s stock, valued at approximately $6,538,658.12. This trade represents a 7.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David A. Sachs bought 10,000 shares of Terex stock in a transaction on Wednesday, December 11th. The stock was acquired at an average cost of $51.30 per share, for a total transaction of $513,000.00. Following the acquisition, the director now owns 107,500 shares in the company, valued at approximately $5,514,750. This represents a 10.26 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.90% of the company’s stock.

Terex Price Performance

Terex stock opened at $43.21 on Friday. The stock’s fifty day moving average price is $46.26 and its two-hundred day moving average price is $50.92. Terex Co. has a one year low of $43.01 and a one year high of $68.08. 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 $2.87 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 4.53 and a beta of 1.54.

Terex (NYSE:TEX) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. Terex had a return on equity of 21.99% and a net margin of 6.54%. During the same quarter last year, the firm posted $1.88 EPS. As a group, research analysts expect that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.57%. Terex’s dividend payout ratio (DPR) is presently 13.71%.

About Terex

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.