Terex Co. (NYSE:TEX) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp cut its position in shares of Terex Co. (NYSE:TEX) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 234,525 shares of the industrial products company’s stock after selling 1,399 shares during the quarter. Hancock Whitney Corp’s holdings in Terex were worth $12,861,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in Terex by 57.5% during the second quarter. Blue Trust Inc. now owns 512 shares of the industrial products company’s stock valued at $28,000 after buying an additional 187 shares in the last quarter. FinTrust Capital Advisors LLC lifted its holdings in Terex by 202.2% in the 1st quarter. FinTrust Capital Advisors LLC now owns 695 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 465 shares during the last quarter. OLD Point Trust & Financial Services N A bought a new position in shares of Terex during the 4th quarter valued at about $61,000. International Assets Investment Management LLC acquired a new position in shares of Terex in the 2nd quarter worth approximately $109,000. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Terex in the 2nd quarter worth approximately $111,000. Institutional investors own 92.88% of the company’s stock.

Insider Buying and Selling

In related news, Director Andra Rush purchased 2,205 shares of Terex stock in a transaction on Friday, August 2nd. The stock was bought at an average price of $54.36 per share, with a total value of $119,863.80. Following the completion of the transaction, the director now directly owns 21,983 shares of the company’s stock, valued at $1,194,995.88. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.90% of the stock is currently owned by corporate insiders.

Terex Price Performance

NYSE TEX opened at $51.83 on Friday. The company has a 50 day simple moving average of $55.96 and a 200-day simple moving average of $57.82. Terex Co. has a 52-week low of $43.70 and a 52-week high of $68.08. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 6.86, a price-to-earnings-growth ratio of 3.61 and a beta of 1.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.21 and a quick ratio of 1.07.

Terex (NYSE:TEX) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.10. Terex had a net margin of 9.55% and a return on equity of 27.89%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business posted $2.35 EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts predict that Terex Co. will post 7.21 earnings per share for the current fiscal year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 9th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Friday, August 9th. Terex’s dividend payout ratio (DPR) is presently 9.01%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Terex from $59.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Robert W. Baird upped their target price on Terex from $58.00 to $67.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Jefferies Financial Group dropped their price target on Terex from $68.00 to $55.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. Truist Financial reduced their price objective on shares of Terex from $74.00 to $63.00 and set a “buy” rating for the company in a research note on Friday. Finally, The Goldman Sachs Group decreased their target price on shares of Terex from $72.00 to $62.00 and set a “neutral” rating for the company in a report on Friday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Terex presently has an average rating of “Hold” and an average target price of $61.20.

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.