Terex Co. (NYSE:TEX) Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC trimmed its position in Terex Co. (NYSE:TEX) by 12.0% in the second quarter, HoldingsChannel.com reports. The firm owned 9,293 shares of the industrial products company’s stock after selling 1,263 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Terex were worth $510,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of Terex by 57.5% in 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 during the period. 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. 92.88% of the stock is owned by institutional investors.

Insider Buying and Selling at Terex

In other Terex news, Director Andra Rush purchased 2,205 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were bought at an average price of $54.36 per share, for a total transaction of $119,863.80. Following the purchase, the director now directly owns 21,983 shares in the company, valued at approximately $1,194,995.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Terex Stock Performance

TEX stock opened at $52.08 on Friday. The firm has a 50 day simple moving average of $55.49 and a 200 day simple moving average of $57.67. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 2.21. Terex Co. has a 52 week low of $43.70 and a 52 week high of $68.08. The stock has a market cap of $3.48 billion, a P/E ratio of 6.90, a P/E/G ratio of 4.44 and a beta of 1.53.

Terex (NYSE:TEX) last released its quarterly earnings data 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 return on equity of 27.89% and a net margin of 9.55%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the firm earned $2.35 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Research analysts anticipate that Terex Co. will post 5.88 earnings per share for the current fiscal year.

Terex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 9th were issued a $0.17 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.68 dividend on an annualized basis and a yield of 1.31%. Terex’s dividend payout ratio is currently 9.01%.

Analyst Upgrades and Downgrades

TEX has been the topic of several recent research reports. Evercore ISI decreased their price target on shares of Terex from $67.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Robert W. Baird lifted their target price on Terex from $58.00 to $67.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. The Goldman Sachs Group reduced their target price on Terex from $72.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, September 20th. Citigroup dropped their price target on Terex from $60.00 to $57.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Truist Financial cut their price objective on Terex from $74.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Terex currently has an average rating of “Hold” and a consensus target price of $60.90.

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.