Duality Advisers LP Has $461,000 Stake in Terex Co. (NYSE:TEX)

Duality Advisers LP trimmed its stake in Terex Co. (NYSE:TEX) by 74.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,020 shares of the industrial products company’s stock after selling 23,651 shares during the period. Duality Advisers LP’s holdings in Terex were worth $461,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TEX. National Bank of Canada FI acquired a new stake in shares of Terex during the 3rd quarter valued at about $919,000. SG Americas Securities LLC boosted its position in shares of Terex by 314.2% during the 3rd quarter. SG Americas Securities LLC now owns 19,324 shares of the industrial products company’s stock valued at $1,113,000 after acquiring an additional 14,659 shares in the last quarter. Avior Wealth Management LLC boosted its position in shares of Terex by 440.7% during the 3rd quarter. Avior Wealth Management LLC now owns 492 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 401 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Terex during the 3rd quarter valued at about $212,000. Finally, Handelsbanken Fonder AB boosted its position in shares of Terex by 96.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 17,953 shares of the industrial products company’s stock valued at $1,034,000 after acquiring an additional 8,800 shares in the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Terex Trading Down 1.3 %

Shares of NYSE TEX opened at $59.83 on Friday. Terex Co. has a 1-year low of $42.50 and a 1-year high of $65.89. The company has a market cap of $4.03 billion, a PE ratio of 7.88, a P/E/G ratio of 0.60 and a beta of 1.64. The company has a current ratio of 2.01, a quick ratio of 0.95 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average of $59.97 and a two-hundred day moving average of $56.23.

Terex (NYSE:TEX) last announced its earnings results on Friday, February 9th. The industrial products company reported $1.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.41. Terex had a net margin of 10.06% and a return on equity of 32.89%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the firm posted $1.34 earnings per share. The company’s revenue was up .4% on a year-over-year basis. As a group, equities analysts expect that Terex Co. will post 6.95 earnings per share for the current fiscal year.

Terex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, March 7th. Terex’s dividend payout ratio is presently 8.96%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TEX shares. Truist Financial started 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. UBS Group lowered shares of Terex from a “buy” rating to a “neutral” rating and lifted their target price for the company from $61.00 to $62.00 in a research report on Tuesday, February 13th. Citigroup boosted their price target on shares of Terex from $54.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Evercore ISI reduced their price target on shares of Terex from $65.00 to $63.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. lowered shares of Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price target on the stock. in a research report on Monday, March 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $65.08.

Insiders Place Their Bets

In related news, insider Kieran Hegarty sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $56.80, for a total transaction of $1,022,400.00. Following the completion of the sale, the insider now directly owns 198,619 shares of the company’s stock, valued at $11,281,559.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Kieran Hegarty sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $56.80, for a total transaction of $1,022,400.00. Following the completion of the sale, the insider now directly owns 198,619 shares of the company’s stock, valued at $11,281,559.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John L. Garrison, Jr. sold 59,094 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $60.07, for a total transaction of $3,549,776.58. Following the sale, the chief executive officer now directly owns 380,834 shares of the company’s stock, valued at $22,876,698.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 132,039 shares of company stock valued at $8,078,574. Insiders own 1.90% of the company’s stock.

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.