KBC Group NV Raises Stock Position in Terex Co. (NYSE:TEX)

KBC Group NV increased its stake in shares of Terex Co. (NYSE:TEX) by 15.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 9,590 shares of the industrial products company’s stock after acquiring an additional 1,290 shares during the period. KBC Group NV’s holdings in Terex were worth $443,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Millennium Management LLC boosted its stake in shares of Terex by 169.0% during the 2nd quarter. Millennium Management LLC now owns 264,885 shares of the industrial products company’s stock valued at $14,526,000 after buying an additional 166,429 shares during the last quarter. Creative Planning increased its position in shares of Terex by 18.5% in the 2nd quarter. Creative Planning now owns 17,334 shares of the industrial products company’s stock worth $951,000 after purchasing an additional 2,708 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Terex by 15.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,928 shares of the industrial products company’s stock valued at $161,000 after purchasing an additional 397 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Terex during the second quarter worth about $590,000. Finally, GAMMA Investing LLC lifted its stake in Terex by 83.3% during the third quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 335 shares during the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Wall Street Analyst Weigh In

TEX has been the subject of a number of analyst reports. Truist Financial reduced their price objective on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Robert W. Baird reduced their price target on shares of Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. cut their price target on shares of Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Finally, Citigroup reduced their target price on Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $56.63.

Terex Price Performance

Shares of NYSE:TEX opened at $48.10 on Monday. The stock has a market capitalization of $3.21 billion, a P/E ratio of 7.02, a P/E/G ratio of 4.45 and a beta of 1.55. The business has a 50-day moving average of $48.52 and a two-hundred day moving average of $52.46. Terex Co. has a fifty-two week low of $43.50 and a fifty-two week high of $68.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.16.

Insider Buying and Selling

In other Terex news, CEO Simon Meester sold 9,877 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total transaction of $505,109.78. Following the completion of the sale, the chief executive officer now directly owns 127,858 shares in the company, valued at $6,538,658.12. This represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Sachs bought 20,000 shares of the stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $49.75 per share, for a total transaction of $995,000.00. Following the acquisition, the director now directly owns 137,500 shares in the company, valued at approximately $6,840,625. The trade was a 17.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate 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.