Terex Co. (NYSE:TEX) Shares Bought by Perigon Wealth Management LLC

Perigon Wealth Management LLC lifted its position in shares of Terex Co. (NYSE:TEX) by 6.8% during the fourth quarter, HoldingsChannel reports. The fund owned 8,831 shares of the industrial products company’s stock after acquiring an additional 563 shares during the quarter. Perigon Wealth Management LLC’s holdings in Terex were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its position in shares of Terex by 1.1% during the 3rd quarter. Arizona State Retirement System now owns 19,304 shares of the industrial products company’s stock worth $1,112,000 after purchasing an additional 213 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Terex by 25.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,200 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 244 shares in the last quarter. Kestra Advisory Services LLC boosted its position in Terex by 3.4% during the third quarter. Kestra Advisory Services LLC now owns 7,736 shares of the industrial products company’s stock worth $446,000 after purchasing an additional 254 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Terex by 2.4% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,273 shares of the industrial products company’s stock valued at $707,000 after buying an additional 286 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Terex by 5.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,464 shares of the industrial products company’s stock worth $162,000 after buying an additional 287 shares during the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

Terex Stock Down 1.4 %

NYSE TEX opened at $62.48 on Tuesday. The stock has a market cap of $4.20 billion, a PE ratio of 8.23, a P/E/G ratio of 0.63 and a beta of 1.64. The business has a 50 day moving average price of $59.83 and a two-hundred day moving average price of $55.91. Terex Co. has a fifty-two week low of $42.50 and a fifty-two week high of $65.89. The company has a quick ratio of 0.95, a current ratio of 2.01 and a debt-to-equity ratio of 0.37.

Terex (NYSE:TEX) last issued its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.41 EPS for the quarter, hitting analysts’ consensus estimates of $1.41. Terex had a net margin of 10.06% and a return on equity of 32.89%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the business posted $1.34 EPS. The firm’s revenue was up .4% compared to the same quarter last year. As a group, sell-side analysts predict that Terex Co. will post 6.95 EPS for the current fiscal year.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.09%. Terex’s dividend payout ratio (DPR) is presently 8.96%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Bank of America reaffirmed an “underperform” rating and issued a $57.00 price target on shares of Terex in a report on Friday, January 19th. Citigroup boosted their price target on Terex from $54.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. JPMorgan Chase & Co. cut Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price objective for the company. in a research report on Monday, March 18th. Evercore ISI reduced their target price on shares of Terex from $65.00 to $63.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. Finally, UBS Group downgraded shares of Terex from a “buy” rating to a “neutral” rating and upped their price objective for the company from $61.00 to $62.00 in a research note on Tuesday, February 13th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $65.08.

Insider Activity at Terex

In other news, insider Kieran Hegarty sold 18,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $56.80, for a total transaction of $1,022,400.00. Following the transaction, the insider now owns 198,619 shares of the company’s stock, valued at $11,281,559.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Kieran Hegarty sold 18,000 shares of Terex stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $56.80, for a total value of $1,022,400.00. Following the completion of the transaction, the insider now directly owns 198,619 shares of the company’s stock, valued at approximately $11,281,559.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joshua Gross sold 4,945 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $59.13, for a total transaction of $292,397.85. Following the sale, the insider now owns 21,457 shares in the company, valued at approximately $1,268,752.41. The disclosure for this sale can be found here. Insiders have sold 132,039 shares of company stock valued at $8,078,574 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Terex Company 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.