Vanguard Group Inc. Sells 99,594 Shares of Terex Co. (NYSE:TEX)

Vanguard Group Inc. decreased its holdings in Terex Co. (NYSE:TEX) by 1.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,514,298 shares of the industrial products company’s stock after selling 99,594 shares during the quarter. Vanguard Group Inc. owned 11.22% of Terex worth $431,772,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in Terex by 179.0% in the 4th quarter. Blue Trust Inc. now owns 466 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 299 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new position in Terex in the 4th quarter valued at about $29,000. OLD Point Trust & Financial Services N A bought a new position in Terex in the 4th quarter valued at about $61,000. Principal Securities Inc. bought a new position in Terex in the 4th quarter valued at about $85,000. Finally, Diversified Trust Co bought a new position in Terex in the 4th quarter valued at about $202,000. Institutional investors own 92.88% of the company’s stock.

Insider Buying and Selling

In related news, VP Scott Posner sold 12,500 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $60.48, for a total value of $756,000.00. Following the completion of the transaction, the vice president now directly owns 58,224 shares of the company’s stock, valued at approximately $3,521,387.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Terex news, VP Scott Posner sold 12,500 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $60.48, for a total value of $756,000.00. Following the sale, the vice president now directly owns 58,224 shares in the company, valued at approximately $3,521,387.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kieran Hegarty sold 17,190 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $58.26, for a total transaction of $1,001,489.40. Following the completion of the sale, the insider now owns 200,029 shares in the company, valued at $11,653,689.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,929 shares of company stock valued at $1,958,307. Company insiders own 1.90% of the company’s stock.

Terex Stock Down 0.9 %

Terex stock opened at $53.22 on Thursday. Terex Co. has a twelve month low of $43.70 and a twelve month high of $65.89. The firm has a 50 day moving average price of $58.29 and a 200-day moving average price of $58.79. The company has a market capitalization of $3.58 billion, a P/E ratio of 7.05 and a beta of 1.61. The company has a quick ratio of 1.06, a current ratio of 2.16 and a debt-to-equity ratio of 0.42.

Terex (NYSE:TEX) last released its earnings results on Thursday, April 25th. The industrial products company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.23. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.23 billion. Terex had a net margin of 9.87% and a return on equity of 30.53%. As a group, equities analysts predict that Terex Co. will post 7.09 EPS for the current year.

Terex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.28%. The ex-dividend date was Thursday, June 6th. Terex’s dividend payout ratio (DPR) is presently 9.01%.

Wall Street Analysts Forecast Growth

TEX has been the topic of several recent research reports. Citigroup started coverage on shares of Terex in a research report on Wednesday. They issued a “neutral” rating and a $60.00 price target on the stock. JPMorgan Chase & Co. lowered Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price target on the stock. in a report on Monday, March 18th. UBS Group upped their price objective on Terex from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Finally, Truist Financial started coverage on Terex in a research note on Thursday, March 14th. They set a “buy” rating and a $73.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.