Terex Co. (NYSE:TEX) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lessened its stake in shares of Terex Co. (NYSE:TEX) by 20.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,130 shares of the industrial products company’s stock after selling 2,539 shares during the quarter. Pacer Advisors Inc.’s holdings in Terex were worth $556,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several analysts have commented on TEX shares. Truist Financial lowered their target price on shares of Terex from $74.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, September 20th. Evercore ISI lowered their price objective on Terex from $67.00 to $59.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Jefferies Financial Group dropped their target price on Terex from $68.00 to $55.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Citigroup decreased 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, September 23rd. Finally, Raymond James assumed coverage on shares of Terex in a report on Friday, June 28th. They set a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $60.90.

Terex Stock Performance

NYSE TEX opened at $52.74 on Friday. The business’s 50-day simple moving average is $55.41 and its 200-day simple moving average is $57.63. The firm has a market capitalization of $3.55 billion, a P/E ratio of 6.99, a P/E/G ratio of 4.44 and a beta of 1.53. Terex Co. has a 1-year low of $43.70 and a 1-year high of $68.08. 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 announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $2.16 earnings per share 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 firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the company posted $2.35 earnings per share. Terex’s revenue was down 1.5% compared to the same quarter last year. Equities analysts predict that Terex Co. will post 5.88 EPS for the current year.

Terex Announces Dividend

The business also recently declared 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 of this dividend was Friday, August 9th. This represents a $0.68 annualized dividend and a yield of 1.29%. Terex’s dividend payout ratio is currently 9.01%.

Insider Buying and Selling at Terex

In related news, Director Andra Rush bought 2,205 shares of the firm’s stock in a transaction dated 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 legal filing with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

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.