Empowered Funds LLC Increases Position in Terex Co. (NYSE:TEX)

Empowered Funds LLC raised its position in shares of Terex Co. (NYSE:TEX) by 13.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 199,594 shares of the industrial products company’s stock after buying an additional 23,429 shares during the period. Empowered Funds LLC’s holdings in Terex were worth $9,225,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of TEX. Greenwich Wealth Management LLC lifted its stake in Terex by 0.3% during the 3rd quarter. Greenwich Wealth Management LLC now owns 62,371 shares of the industrial products company’s stock worth $3,300,000 after acquiring an additional 181 shares in the last quarter. US Bancorp DE lifted its position in shares of Terex by 4.0% during the third quarter. US Bancorp DE now owns 5,837 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 227 shares in the last quarter. Lingohr Asset Management GmbH boosted its stake in shares of Terex by 2.0% in the third quarter. Lingohr Asset Management GmbH now owns 11,516 shares of the industrial products company’s stock valued at $607,000 after purchasing an additional 230 shares during the period. Verdence Capital Advisors LLC grew its holdings in shares of Terex by 4.4% in the third quarter. Verdence Capital Advisors LLC now owns 5,575 shares of the industrial products company’s stock valued at $295,000 after purchasing an additional 233 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Terex by 26.8% during the 4th quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company’s stock worth $57,000 after buying an additional 260 shares during the period. 92.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Terex

In other Terex news, CEO Simon Meester sold 9,877 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total value of $505,109.78. Following the completion of the sale, the chief executive officer now owns 127,858 shares in the company, valued at approximately $6,538,658.12. The trade was a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. Sachs acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average cost of $51.30 per share, with a total value of $513,000.00. Following the completion of the acquisition, the director now directly owns 107,500 shares of the company’s stock, valued at approximately $5,514,750. This trade represents a 10.26 % increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. StockNews.com lowered Terex from a “hold” rating to a “sell” rating in a report on Friday. Citigroup cut their price target on Terex from $57.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Truist Financial decreased their price objective on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Finally, Robert W. Baird cut their target price on shares of Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Terex has a consensus rating of “Hold” and a consensus target price of $56.63.

Terex Trading Down 4.0 %

TEX opened at $44.66 on Monday. The business’s 50-day simple moving average is $47.69 and its 200-day simple moving average is $51.95. The company has a market cap of $2.98 billion, a P/E ratio of 9.00, a PEG ratio of 4.53 and a beta of 1.54. Terex Co. has a one year low of $43.50 and a one year high of $68.08. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.16 and a current ratio of 2.16.

Terex (NYSE:TEX) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same period last year, the company earned $1.88 EPS. As a group, equities research analysts expect that Terex Co. will post 5.03 EPS for the current fiscal year.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, March 7th will be given a $0.17 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.52%. Terex’s dividend payout ratio (DPR) is presently 13.71%.

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.