Terex Co. (NYSE:TEX) Shares Purchased by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC boosted its stake in Terex Co. (NYSE:TEX) by 32.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,958 shares of the industrial products company’s stock after buying an additional 8,153 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Terex were worth $1,744,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of TEX. nVerses Capital LLC lifted its holdings in Terex by 15.8% in the 3rd quarter. nVerses Capital LLC now owns 4,400 shares of the industrial products company’s stock valued at $233,000 after purchasing an additional 600 shares in the last quarter. Creative Planning raised its position in shares of Terex by 15.4% in the third quarter. Creative Planning now owns 19,998 shares of the industrial products company’s stock valued at $1,058,000 after buying an additional 2,664 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Terex by 24.7% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 33,300 shares of the industrial products company’s stock worth $1,762,000 after acquiring an additional 6,600 shares during the last quarter. GAMMA Investing LLC grew its stake in Terex by 83.3% in the 3rd quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 335 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in Terex in the 2nd quarter valued at $590,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Insider Activity

In related news, Director Andra Rush purchased 2,205 shares of Terex stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average cost of $54.36 per share, with a total value of $119,863.80. Following the transaction, the director now owns 21,983 shares of the company’s stock, valued at approximately $1,194,995.88. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.90% of the company’s stock.

Terex Stock Down 0.4 %

TEX opened at $56.14 on Monday. The company has a market cap of $3.76 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 4.67 and a beta of 1.53. 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 1 year low of $43.70 and a 1 year high of $68.08. The firm has a 50 day moving average price of $53.44 and a 200 day moving average price of $56.82.

Terex (NYSE:TEX) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $2.16 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 business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the firm posted $2.35 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. Sell-side analysts expect that Terex Co. will post 5.89 earnings per share for the current year.

Terex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, November 8th. Terex’s payout ratio is 9.33%.

Analyst Ratings Changes

TEX has been the topic of several analyst reports. Raymond James began coverage on Terex in a report on Friday, June 28th. They set a “market perform” rating on the stock. Robert W. Baird raised their price target on Terex from $63.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Truist Financial lowered their price target on Terex from $63.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Jefferies Financial Group cut their price objective on shares of Terex from $68.00 to $55.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Terex from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Terex currently has an average rating of “Hold” and a consensus price target of $60.33.

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.