Sanctuary Advisors LLC Purchases 717 Shares of Terex Co. (NYSE:TEX)

Sanctuary Advisors LLC grew its position in shares of Terex Co. (NYSE:TEX) by 7.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,610 shares of the industrial products company’s stock after buying an additional 717 shares during the period. Sanctuary Advisors LLC’s holdings in Terex were worth $571,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of 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 buying an additional 335 shares during the period. Truvestments Capital LLC bought a new stake in shares of Terex during the 3rd quarter valued at $41,000. Blue Trust Inc. grew its holdings in shares of Terex by 89.3% during the 3rd quarter. Blue Trust Inc. now owns 969 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 457 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Terex by 74.6% in the third quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 504 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in Terex in the second quarter valued at about $109,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Wall Street Analyst Weigh In

TEX has been the topic of a number of analyst reports. Citigroup reduced their price objective on shares of Terex from $60.00 to $57.00 and set a “neutral” rating on the stock in a research note on Monday, September 23rd. Robert W. Baird decreased their price objective on shares of Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Truist Financial cut their target price on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. JPMorgan Chase & Co. decreased their price target on Terex from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. Finally, The Goldman Sachs Group dropped their price objective on Terex from $72.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Terex has a consensus rating of “Hold” and a consensus price target of $58.78.

Insiders Place Their Bets

In other news, CEO Simon Meester sold 9,877 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total value of $505,109.78. Following the transaction, the chief executive officer now owns 127,858 shares in the company, valued at approximately $6,538,658.12. The trade was a 7.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David A. Sachs acquired 20,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of $49.75 per share, with a total value of $995,000.00. Following the completion of the transaction, the director now owns 137,500 shares of the company’s stock, valued at $6,840,625. This trade represents a 17.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company’s stock.

Terex Price Performance

Terex stock opened at $45.30 on Thursday. The company has a market capitalization of $3.03 billion, a PE ratio of 6.61, a P/E/G ratio of 4.00 and a beta of 1.53. The company has a current ratio of 2.39, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average price of $52.27 and a two-hundred day moving average price of $53.93. Terex Co. has a 12 month low of $44.43 and a 12 month high of $68.08.

Terex (NYSE:TEX) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.31 by $0.15. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.16 billion. Terex had a net margin of 9.08% and a return on equity of 24.92%. The firm’s revenue was down 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.75 EPS. Analysts expect that Terex Co. will post 6.07 EPS for the current year.

Terex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 8th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Friday, November 8th. Terex’s dividend payout ratio is currently 9.93%.

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.