61,544 Shares in Terex Co. (NYSE:TEX) Purchased by Tema Etfs LLC

Tema Etfs LLC purchased a new position in Terex Co. (NYSE:TEX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 61,544 shares of the industrial products company’s stock, valued at approximately $2,845,000. Terex accounts for about 1.2% of Tema Etfs LLC’s holdings, making the stock its 29th largest holding. Tema Etfs LLC owned 0.09% of Terex as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cascade Investment Advisors Inc. purchased a new position in Terex in the 4th quarter worth about $1,070,000. Norges Bank purchased a new position in Terex during the 4th quarter valued at about $35,001,000. KLP Kapitalforvaltning AS purchased a new position in Terex during the 4th quarter valued at about $610,000. Barclays PLC increased its position in Terex by 40.2% during the 3rd quarter. Barclays PLC now owns 129,250 shares of the industrial products company’s stock valued at $6,838,000 after purchasing an additional 37,072 shares during the period. Finally, J2 Capital Management Inc purchased a new position in Terex during the 4th quarter valued at about $353,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Insider Activity at Terex

In related news, insider Joshua Gross sold 5,389 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $40.75, for a total value of $219,601.75. Following the completion of the transaction, the insider now directly owns 38,755 shares in the company, valued at $1,579,266.25. The trade was a 12.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andra Rush purchased 1,325 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $36.96 per share, with a total value of $48,972.00. Following the acquisition, the director now owns 23,308 shares in the company, valued at $861,463.68. This represents a 6.03% increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

TEX has been the topic of a number of research reports. Citigroup cut their target price on shares of Terex from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. lifted their price objective on shares of Terex from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Barclays cut their price objective on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Baird R W raised shares of Terex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 13th. Finally, Evercore ISI lowered their target price on shares of Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $49.10.

Terex Stock Performance

Shares of NYSE TEX opened at $48.02 on Friday. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. Terex Co. has a 12 month low of $31.53 and a 12 month high of $68.08. The company has a 50 day simple moving average of $38.13 and a two-hundred day simple moving average of $44.52. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 4.53 and a beta of 1.52.

Terex (NYSE:TEX) last announced its quarterly earnings data on Friday, May 2nd. The industrial products company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.57 by $0.26. Terex had a net margin of 6.54% and a return on equity of 21.99%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the business posted $1.60 EPS. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. As a group, analysts predict that Terex Co. will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, June 6th. Terex’s dividend payout ratio is currently 18.53%.

About Terex

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.