Measured Wealth Private Client Group LLC Purchases 1,266 Shares of Terex Co. (NYSE:TEX)

Measured Wealth Private Client Group LLC grew its position in Terex Co. (NYSE:TEX) by 34.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,946 shares of the industrial products company’s stock after purchasing an additional 1,266 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Terex were worth $284,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. boosted its position in Terex by 179.0% during the fourth quarter. Blue Trust Inc. now owns 466 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 299 shares during the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Terex in the 4th quarter valued at about $29,000. FinTrust Capital Advisors LLC bought a new stake in shares of Terex during the 3rd quarter valued at about $31,000. Quantbot Technologies LP acquired a new stake in Terex during the third quarter worth approximately $32,000. Finally, Parkside Financial Bank & Trust increased its holdings in Terex by 25.5% in the third quarter. Parkside Financial Bank & Trust now owns 1,200 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 244 shares in the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO John L. Garrison, Jr. sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $64.28, for a total value of $3,214,000.00. Following the completion of the transaction, the chief executive officer now directly owns 315,483 shares of the company’s stock, valued at $20,279,247.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO John L. Garrison, Jr. sold 50,000 shares of Terex stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $64.28, for a total transaction of $3,214,000.00. Following the sale, the chief executive officer now directly owns 315,483 shares in the company, valued at approximately $20,279,247.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John L. Garrison, Jr. sold 59,094 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $60.07, for a total transaction of $3,549,776.58. Following the transaction, the chief executive officer now owns 380,834 shares of the company’s stock, valued at approximately $22,876,698.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 132,039 shares of company stock worth $8,078,574. 1.90% of the stock is owned by insiders.

Terex Stock Up 1.5 %

TEX traded up $0.89 during midday trading on Friday, reaching $58.35. 610,597 shares of the company were exchanged, compared to its average volume of 954,319. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 7.73, a price-to-earnings-growth ratio of 0.57 and a beta of 1.66. Terex Co. has a one year low of $43.70 and a one year high of $65.89. The company’s fifty day moving average price is $60.34 and its 200 day moving average price is $56.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 2.16.

Terex (NYSE:TEX) last announced its quarterly earnings results on Friday, February 9th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.41. Terex had a return on equity of 30.53% and a net margin of 9.87%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the company posted $1.34 earnings per share. Terex’s revenue was up .4% compared to the same quarter last year. As a group, analysts expect that Terex Co. will post 7.1 EPS for the current year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Thursday, March 7th. Terex’s dividend payout ratio (DPR) is presently 9.01%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TEX. Evercore ISI cut their price target on Terex from $65.00 to $63.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. Truist Financial assumed coverage on shares of Terex in a report on Thursday, March 14th. They issued a “buy” rating and a $73.00 price target for the company. The Goldman Sachs Group lifted their price target on shares of Terex from $52.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, February 13th. Bank of America reissued an “underperform” rating and set a $57.00 price objective on shares of Terex in a research report on Friday, January 19th. Finally, UBS Group lowered Terex from a “buy” rating to a “neutral” rating and boosted their target price for the company from $61.00 to $62.00 in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Terex currently has a consensus rating of “Hold” and an average target price of $65.17.

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.