Capstone Investment Advisors LLC Takes Position in Terex Co. (NYSE:TEX)

Capstone Investment Advisors LLC bought a new stake in shares of Terex Co. (NYSE:TEX) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,706 shares of the industrial products company’s stock, valued at approximately $239,000.

A number of other large investors have also recently modified their holdings of TEX. Blue Trust Inc. boosted its stake 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 in the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Terex during the 4th quarter valued at about $29,000. OLD Point Trust & Financial Services N A bought a new stake in shares of Terex during the 4th quarter valued at about $61,000. Principal Securities Inc. bought a new stake in shares of Terex during the 4th quarter valued at about $85,000. Finally, Diversified Trust Co bought a new stake in shares of Terex during the 4th quarter valued at about $202,000. Institutional investors own 92.88% of the company’s stock.

Terex Stock Up 0.8 %

Shares of Terex stock opened at $52.11 on Thursday. The stock has a market capitalization of $3.51 billion, a PE ratio of 6.90 and a beta of 1.57. The company has a 50-day simple moving average of $57.11 and a two-hundred day simple moving average of $58.60. Terex Co. has a 52-week low of $43.70 and a 52-week high of $65.89. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.06 and a current ratio of 2.16.

Terex (NYSE:TEX) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.37 by $0.23. Terex had a return on equity of 30.53% and a net margin of 9.87%. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.23 billion. On average, analysts anticipate that Terex Co. will post 7.09 EPS for the current fiscal year.

Terex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, June 6th. Terex’s dividend payout ratio is 9.01%.

Insider Buying and Selling at Terex

In other Terex news, CAO Stephen Johnston sold 3,239 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $62.00, for a total value of $200,818.00. Following the transaction, the chief accounting officer now owns 14,606 shares of the company’s stock, valued at $905,572. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Terex news, VP Scott Posner sold 12,500 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $60.48, for a total value of $756,000.00. Following the transaction, the vice president now owns 58,224 shares of the company’s stock, valued at $3,521,387.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Stephen Johnston sold 3,239 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $62.00, for a total value of $200,818.00. Following the completion of the transaction, the chief accounting officer now directly owns 14,606 shares in the company, valued at approximately $905,572. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,929 shares of company stock valued at $1,958,307. 1.90% of the stock is owned by company insiders.

Analyst Ratings Changes

TEX has been the subject of a number of recent research reports. Truist Financial lowered their price target on shares of Terex from $73.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. lowered their price target on shares of Terex from $63.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday. Raymond James initiated coverage on shares of Terex in a research report on Friday, June 28th. They set a “market perform” rating for the company. UBS Group lifted their price target on shares of Terex from $62.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Finally, Citigroup initiated coverage on shares of Terex in a research report on Wednesday, June 26th. They set a “neutral” rating and a $60.00 price target for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Terex has a consensus rating of “Hold” and a consensus target price of $64.33.

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.