Campbell & CO Investment Adviser LLC Purchases New Shares in Terex Co. (NYSE:TEX)

Campbell & CO Investment Adviser LLC purchased a new position in Terex Co. (NYSE:TEXFree Report) during the 4th quarter, HoldingsChannel reports. The fund purchased 64,492 shares of the industrial products company’s stock, valued at approximately $3,706,000. Terex makes up approximately 0.3% of Campbell & CO Investment Adviser LLC’s investment portfolio, making the stock its 24th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in shares of Terex by 179.0% in the fourth quarter. Blue Trust Inc. now owns 466 shares of the industrial products company’s stock worth $27,000 after buying an additional 299 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in Terex during the fourth quarter worth about $29,000. Quantbot Technologies LP acquired a new stake in shares of Terex during the third quarter valued at about $32,000. Parkside Financial Bank & Trust increased its position in shares of Terex by 25.5% during the third quarter. Parkside Financial Bank & Trust now owns 1,200 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 244 shares during the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of Terex during the fourth quarter valued at about $85,000. 92.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. 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 objective for the company. Evercore ISI dropped their price objective on shares of Terex from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. Citigroup lifted their price objective on shares of Terex from $54.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, February 12th. The Goldman Sachs Group lifted their price objective on shares of Terex from $52.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, February 13th. Finally, UBS Group lifted their price target on shares of Terex from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $65.33.

Check Out Our Latest Stock Report on TEX

Insider Transactions at Terex

In related news, VP Scott Posner sold 12,500 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $60.48, for a total value of $756,000.00. Following the sale, the vice president now directly owns 58,224 shares in the company, valued at approximately $3,521,387.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Scott Posner sold 12,500 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $60.48, for a total value of $756,000.00. Following the sale, the vice president now directly owns 58,224 shares in the company, valued at approximately $3,521,387.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John L. Garrison, Jr. sold 59,094 shares of the company’s 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 completion of the transaction, the chief executive officer now owns 380,834 shares in the company, valued at $22,876,698.38. The disclosure for this sale can be found here. Insiders have sold a total of 164,968 shares of company stock valued at $10,036,882 in the last ninety days. 1.90% of the stock is currently owned by company insiders.

Terex Stock Performance

Shares of Terex stock traded down $3.37 during trading on Monday, reaching $56.30. The company’s stock had a trading volume of 293,249 shares, compared to its average volume of 724,053. The company has a 50-day moving average price of $61.46 and a two-hundred day moving average price of $58.27. The firm has a market cap of $3.79 billion, a PE ratio of 7.90 and a beta of 1.61. Terex Co. has a fifty-two week low of $43.70 and a fifty-two week high of $65.89. The company has a current ratio of 2.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.42.

Terex (NYSE:TEXGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.23. Terex had a net margin of 9.87% and a return on equity of 30.53%. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.23 billion. On average, analysts forecast that Terex Co. will post 7.09 EPS for the current year.

Terex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.21%. Terex’s dividend payout ratio (DPR) is presently 9.01%.

Terex Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Terex (NYSE:TEX)

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