Terex Co. (NYSE:TEX) Shares Sold by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC lessened its stake in Terex Co. (NYSE:TEX) by 26.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 5,016 shares of the industrial products company’s stock after selling 1,826 shares during the period. Atlas Capital Advisors LLC’s holdings in Terex were worth $323,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TEX. Range Financial Group LLC boosted its stake in shares of Terex by 6.5% in the first quarter. Range Financial Group LLC now owns 13,690 shares of the industrial products company’s stock valued at $882,000 after purchasing an additional 837 shares during the period. Westend Capital Management LLC acquired a new position in Terex during the 1st quarter worth approximately $203,000. Quadrature Capital Ltd acquired a new position in shares of Terex during the fourth quarter worth $319,000. Hennessy Advisors Inc. purchased a new position in Terex in the fourth quarter valued at $3,103,000. Finally, V Square Quantitative Management LLC acquired a new stake in Terex in the fourth quarter valued at $399,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Terex Price Performance

Terex stock opened at $53.15 on Friday. 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 Co. has a one year low of $43.70 and a one year high of $65.89. The company has a market cap of $3.58 billion, a P/E ratio of 7.04 and a beta of 1.61. The business has a fifty day moving average of $58.16 and a two-hundred day moving average of $58.75.

Terex (NYSE:TEX) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.37 by $0.23. Terex had a net margin of 9.87% and a return on equity of 30.53%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.23 billion. As a group, analysts predict that Terex Co. will post 7.09 earnings per share for the current fiscal year.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.68 annualized dividend and a yield of 1.28%. Terex’s dividend payout ratio is presently 9.01%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TEX. UBS Group upped their price target on Terex from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. Truist Financial initiated coverage on shares of Terex in a research report on Thursday, March 14th. They set a “buy” rating and a $73.00 target price on the stock. JPMorgan Chase & Co. cut shares of Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price target for the company. in a research note on Monday, March 18th. Finally, Citigroup began coverage on shares of Terex in a research note on Wednesday. They issued a “neutral” rating and a $60.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $65.08.

Insiders Place Their Bets

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

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.