Measured Wealth Private Client Group LLC Has $363,000 Stock Position in Terex Co. (NYSE:TEX)

Measured Wealth Private Client Group LLC increased its position in shares of Terex Co. (NYSE:TEX) by 14.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,638 shares of the industrial products company’s stock after purchasing an additional 692 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Terex were worth $363,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. grew its holdings in Terex by 179.0% during the 4th quarter. Blue Trust Inc. now owns 466 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 299 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in Terex during the 4th quarter worth about $29,000. OLD Point Trust & Financial Services N A bought a new stake in Terex during the 4th quarter worth about $61,000. Principal Securities Inc. bought a new stake in Terex during the 4th quarter worth about $85,000. Finally, Westend Capital Management LLC bought a new stake in Terex during the 1st quarter worth about $203,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Insider Activity

In other news, insider Kieran Hegarty sold 17,190 shares of Terex stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $58.26, for a total value of $1,001,489.40. Following the sale, the insider now directly owns 200,029 shares in the company, valued at $11,653,689.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Stephen Johnston sold 3,239 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were 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 of the company’s stock, valued at $905,572. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kieran Hegarty sold 17,190 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $58.26, for a total transaction of $1,001,489.40. Following the completion of the transaction, the insider now directly owns 200,029 shares of the company’s stock, valued at $11,653,689.54. The disclosure for this sale can be found here. Insiders have sold 32,929 shares of company stock worth $1,958,307 over the last ninety days. Insiders own 1.90% of the company’s stock.

Terex Stock Performance

Shares of TEX stock opened at $53.38 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.06 and a current ratio of 2.16. The company has a market capitalization of $3.59 billion, a P/E ratio of 7.07 and a beta of 1.57. The company’s 50 day moving average price is $57.75 and its two-hundred day moving average price is $58.81. Terex Co. has a 52 week low of $43.70 and a 52 week high of $65.89.

Terex (NYSE:TEX) last announced its earnings results 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. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.23 billion. Terex had a net margin of 9.87% and a return on equity of 30.53%. On average, analysts expect that Terex Co. will post 7.11 earnings per share for the current fiscal year.

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.27%. Terex’s dividend payout ratio (DPR) is presently 9.01%.

Analyst Ratings Changes

Several research analysts have recently issued reports on TEX shares. 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 research note on Monday, March 18th. UBS Group raised their target price on shares of Terex from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Raymond James started coverage on shares of Terex in a research note on Friday, June 28th. They issued a “market perform” rating on the stock. Citigroup started coverage on shares of Terex in a research note on Wednesday, June 26th. They issued a “neutral” rating and a $60.00 target price on the stock. Finally, Truist Financial reduced their target price on shares of Terex from $73.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $64.67.

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.