1,674 Shares in Terex Co. (NYSE:TEX) Acquired by Wipfli Financial Advisors LLC

Wipfli Financial Advisors LLC purchased a new position in shares of Terex Co. (NYSE:TEXGet Rating) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,674 shares of the industrial products company’s stock, valued at approximately $50,000.

A number of other large investors have also made changes to their positions in the business. Texas Permanent School Fund increased its position in shares of Terex by 1.2% during the second quarter. Texas Permanent School Fund now owns 50,058 shares of the industrial products company’s stock worth $1,370,000 after purchasing an additional 573 shares in the last quarter. Xponance Inc. increased its position in shares of Terex by 5.8% during the second quarter. Xponance Inc. now owns 10,776 shares of the industrial products company’s stock worth $295,000 after purchasing an additional 592 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Terex by 391.9% during the second quarter. Assetmark Inc. now owns 910 shares of the industrial products company’s stock valued at $25,000 after buying an additional 725 shares during the last quarter. Yousif Capital Management LLC grew its holdings in shares of Terex by 2.0% during the first quarter. Yousif Capital Management LLC now owns 37,276 shares of the industrial products company’s stock valued at $1,329,000 after buying an additional 747 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Terex by 1.7% during the second quarter. Nisa Investment Advisors LLC now owns 58,175 shares of the industrial products company’s stock valued at $1,592,000 after buying an additional 980 shares during the last quarter. 87.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Terex from $50.00 to $54.00 and gave the company a “buy” rating in a report on Monday, December 19th. Deutsche Bank Aktiengesellschaft lowered shares of Terex from a “buy” rating to a “hold” rating and set a $46.00 price objective on the stock. in a report on Monday, December 5th. Citigroup upped their price target on shares of Terex to $45.00 in a report on Tuesday, November 1st. The Goldman Sachs Group upped their price target on shares of Terex from $39.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, December 15th. Finally, Morgan Stanley upped their price target on shares of Terex from $35.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, December 14th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Terex currently has an average rating of “Moderate Buy” and a consensus price target of $48.45.

Terex Stock Up 2.8 %

TEX opened at $48.04 on Monday. Terex Co. has a twelve month low of $26.64 and a twelve month high of $48.11. The company has a quick ratio of 0.93, a current ratio of 1.96 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average price of $44.00 and a 200 day moving average price of $36.98. The company has a market cap of $3.24 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 0.55 and a beta of 1.66.

Terex (NYSE:TEXGet Rating) last released its quarterly earnings data on Thursday, October 27th. The industrial products company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.15. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.07 billion. Terex had a net margin of 6.36% and a return on equity of 24.72%. Terex’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. Sell-side analysts expect that Terex Co. will post 4.12 earnings per share for the current fiscal year.

Terex announced that its Board of Directors has authorized a stock buyback plan on Monday, December 19th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the industrial products company to buy up to 5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Terex

In other news, insider Kieran Hegarty sold 20,000 shares of the stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $42.49, for a total value of $849,800.00. Following the completion of the sale, the insider now owns 202,907 shares of the company’s stock, valued at approximately $8,621,518.43. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Kieran Hegarty sold 20,000 shares of the stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $42.49, for a total value of $849,800.00. Following the completion of the sale, the insider now owns 202,907 shares of the company’s stock, valued at approximately $8,621,518.43. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Scott Posner sold 2,500 shares of the stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $44.68, for a total transaction of $111,700.00. Following the transaction, the vice president now directly owns 62,065 shares of the company’s stock, valued at approximately $2,773,064.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,500 shares of company stock worth $1,996,150. Insiders own 2.90% of the company’s stock.

Terex Profile

(Get Rating)

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Aerial Work Platforms (AWP) and Materials Processing (MP). The AWP segment designs, manufactures, services, and markets aerial work platform equipment, utility equipment, and telehandlers under the Terex and Genie brands.

See Also

Institutional Ownership by Quarter for Terex (NYSE:TEX)

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