Duality Advisers LP Sells 23,651 Shares of Terex Co. (NYSE:TEX)

Duality Advisers LP cut its stake in shares of Terex Co. (NYSE:TEX) by 74.7% during the 4th quarter, HoldingsChannel reports. The firm owned 8,020 shares of the industrial products company’s stock after selling 23,651 shares during the period. Duality Advisers LP’s holdings in Terex were worth $461,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in shares of Terex by 179.0% during the 4th quarter. Blue Trust Inc. now owns 466 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 299 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of Terex by 440.7% during the 3rd quarter. Avior Wealth Management LLC now owns 492 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 401 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Terex during the 4th quarter valued at approximately $29,000. FinTrust Capital Advisors LLC bought a new stake in shares of Terex during the 3rd quarter valued at approximately $31,000. Finally, Quantbot Technologies LP bought a new stake in Terex during the 3rd quarter worth approximately $32,000. 92.88% of the stock is owned by institutional investors.

Terex Stock Down 1.3 %

Terex stock opened at $59.83 on Friday. 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 Co. has a 12-month low of $42.50 and a 12-month high of $65.89. The firm’s fifty day moving average is $59.97 and its 200 day moving average is $56.23. The company has a market capitalization of $4.03 billion, a PE ratio of 7.88, a PEG ratio of 0.60 and a beta of 1.64.

Terex (NYSE:TEX) last released its earnings results on Friday, February 9th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.41. Terex had a net margin of 10.06% and a return on equity of 32.89%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company earned $1.34 EPS. Terex’s quarterly 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 announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.14%. Terex’s payout ratio is presently 8.96%.

Insider Activity at Terex

In related news, CEO John L. Garrison, Jr. sold 50,000 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $64.28, for a total transaction of $3,214,000.00. Following the transaction, the chief executive officer now owns 315,483 shares in the company, valued at approximately $20,279,247.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Terex news, insider Kieran Hegarty sold 18,000 shares of the company’s stock in a transaction on 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 in the company, valued at $11,281,559.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John L. Garrison, Jr. sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $64.28, for a total transaction of $3,214,000.00. Following the transaction, the chief executive officer now owns 315,483 shares in the company, valued at approximately $20,279,247.24. The disclosure for this sale can be found here. Insiders have sold 132,039 shares of company stock worth $8,078,574 in the last quarter. Company insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TEX shares. 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. JPMorgan Chase & Co. lowered shares of Terex from an “overweight” rating to a “neutral” rating and set a $63.00 target price on the stock. in a report on Monday, March 18th. Bank of America reissued an “underperform” rating and set a $57.00 target price on shares of Terex in a report on Friday, January 19th. UBS Group lowered shares of Terex from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $61.00 to $62.00 in a report on Tuesday, February 13th. Finally, Truist Financial assumed coverage on shares of Terex in a report on Thursday, March 14th. They set a “buy” rating and a $73.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $65.08.

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.