Stratos Wealth Partners LTD. Reduces Holdings in Terex Co. (NYSE:TEX)

Stratos Wealth Partners LTD. lessened its position in shares of Terex Co. (NYSE:TEX) by 64.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,005 shares of the industrial products company’s stock after selling 9,152 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Terex were worth $231,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in Terex by 83.3% in the third quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 335 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Terex during the 3rd quarter worth about $40,000. Truvestments Capital LLC purchased a new stake in Terex in the 3rd quarter valued at about $41,000. Blue Trust Inc. raised its holdings in Terex by 89.3% in the 3rd quarter. Blue Trust Inc. now owns 969 shares of the industrial products company’s stock valued at $53,000 after buying an additional 457 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Terex by 74.6% in the third quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock valued at $62,000 after buying an additional 504 shares during the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. StockNews.com cut Terex from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Robert W. Baird lowered their price objective on shares of Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Citigroup cut their target price on shares of Terex from $57.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price target on shares of Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Finally, Barclays cut their price objective on Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $56.11.

Insider Activity

In other news, CEO Simon Meester sold 9,877 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total transaction of $505,109.78. Following the completion of the transaction, the chief executive officer now directly owns 127,858 shares of the company’s stock, valued at approximately $6,538,658.12. This represents a 7.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David A. Sachs purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was bought at an average price of $51.30 per share, with a total value of $513,000.00. Following the acquisition, the director now directly owns 107,500 shares in the company, valued at approximately $5,514,750. This represents a 10.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.

Terex Trading Up 0.1 %

NYSE TEX opened at $44.93 on Friday. The firm’s fifty day moving average price is $46.91 and its 200 day moving average price is $51.55. Terex Co. has a 12 month low of $43.23 and a 12 month high of $68.08. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.16. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 4.53 and a beta of 1.54.

Terex (NYSE:TEX) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same period last year, the firm earned $1.88 EPS. On average, sell-side analysts expect that Terex Co. will post 5.03 earnings per share for the current fiscal year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Friday, March 7th. Terex’s dividend payout ratio (DPR) is presently 13.71%.

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.