Orion Portfolio Solutions LLC Takes $217,000 Position in Terex Co. (NYSE:TEX)

Orion Portfolio Solutions LLC acquired a new position in Terex Co. (NYSE:TEX) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,109 shares of the industrial products company’s stock, valued at approximately $217,000.

A number of other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. raised its position in shares of Terex by 57.5% in the second quarter. Blue Trust Inc. now owns 512 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 187 shares during the period. GAMMA Investing LLC grew its stake in Terex by 83.3% in the 3rd quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock valued at $39,000 after buying an additional 335 shares during the last quarter. Truvestments Capital LLC bought a new position in Terex in the 3rd quarter worth $41,000. Farther Finance Advisors LLC lifted its position in Terex by 74.6% during the 3rd 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, International Assets Investment Management LLC bought a new stake in Terex during the second quarter valued at about $109,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Terex

In other Terex news, CEO Simon Meester sold 9,877 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were 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. This trade represents a 7.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David A. Sachs bought 20,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was bought at an average cost of $49.75 per share, with a total value of $995,000.00. Following the completion of the purchase, the director now owns 137,500 shares of the company’s stock, valued at approximately $6,840,625. The trade was a 17.02 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.

Terex Price Performance

Shares of TEX stock opened at $45.07 on Friday. The stock’s fifty day simple moving average is $53.10 and its 200 day simple moving average is $54.28. Terex Co. has a one year low of $44.60 and a one year high of $68.08. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 6.58, a P/E/G ratio of 4.00 and a beta of 1.53. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.16.

Terex (NYSE:TEX) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.15. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Terex had a net margin of 9.08% and a return on equity of 24.92%. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter last year, the company posted $1.75 EPS. On average, analysts expect that Terex Co. will post 6.07 earnings per share for the current fiscal year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 8th were given a dividend of $0.17 per share. The ex-dividend date was Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a yield of 1.51%. Terex’s dividend payout ratio (DPR) is presently 9.93%.

Analyst Ratings Changes

Several brokerages have commented on TEX. The Goldman Sachs Group dropped their price target on Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a research report on Friday, September 20th. Truist Financial dropped their target price on shares of Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday. Robert W. Baird dropped their price objective on shares of Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their target price on shares of Terex from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. Finally, Citigroup lowered their price target on Terex from $60.00 to $57.00 and set a “neutral” rating on the stock in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Terex currently has a consensus rating of “Hold” and a consensus target price of $58.78.

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.