VisionPoint Advisory Group LLC Invests $51,000 in Terex Co. (NYSE:TEX)

VisionPoint Advisory Group LLC purchased a new stake in Terex Co. (NYSE:TEX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,144 shares of the industrial products company’s stock, valued at approximately $51,000.

Several other institutional investors have also bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new position in Terex in the third quarter worth $40,000. Truvestments Capital LLC acquired a new position in Terex in the third quarter worth $41,000. Blue Trust Inc. boosted its stake in Terex by 89.3% in the third quarter. Blue Trust Inc. now owns 969 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 457 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Terex by 74.6% during the third quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 504 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of Terex by 19.9% during the third quarter. Covestor Ltd now owns 2,237 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 372 shares during the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Insider Transactions at Terex

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

Terex Stock Down 5.2 %

Shares of Terex stock opened at $43.21 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. The company has a market capitalization of $2.87 billion, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 4.53 and a beta of 1.54. The business has a 50-day moving average of $46.26 and a two-hundred day moving average of $50.92. Terex Co. has a 1 year low of $43.01 and a 1 year high of $68.08.

Terex (NYSE:TEX) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.01. Terex had a return on equity of 21.99% and a net margin of 6.54%. During the same quarter in the previous year, the company earned $1.88 earnings per share. As a group, equities analysts predict that Terex Co. will post 4.83 EPS for the current year.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.57%. Terex’s dividend payout ratio is currently 13.71%.

Analysts Set New Price Targets

TEX has been the subject of a number of recent research reports. Evercore ISI dropped their target price on Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday. Robert W. Baird dropped their price objective on Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Truist Financial dropped their price objective on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Citigroup dropped their price objective on Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Finally, Barclays lowered their price target on Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $56.11.

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.