Terex Co. (NYSE:TEX) is Curated Wealth Partners LLC’s 8th Largest Position

Curated Wealth Partners LLC boosted its holdings in shares of Terex Co. (NYSE:TEX) by 28.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 226,922 shares of the industrial products company’s stock after purchasing an additional 50,000 shares during the quarter. Terex comprises about 1.2% of Curated Wealth Partners LLC’s investment portfolio, making the stock its 8th largest position. Curated Wealth Partners LLC owned about 0.34% of Terex worth $10,488,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Greenwich Wealth Management LLC increased its position in Terex by 0.3% during the third quarter. Greenwich Wealth Management LLC now owns 62,371 shares of the industrial products company’s stock valued at $3,300,000 after acquiring an additional 181 shares during the last quarter. Dorsey Wright & Associates grew its holdings in Terex by 0.3% during the 2nd quarter. Dorsey Wright & Associates now owns 61,309 shares of the industrial products company’s stock valued at $3,362,000 after purchasing an additional 186 shares during the last quarter. US Bancorp DE lifted its stake in Terex by 4.0% in the third quarter. US Bancorp DE now owns 5,837 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 227 shares during the last quarter. Lingohr Asset Management GmbH lifted its stake in Terex by 2.0% in the third quarter. Lingohr Asset Management GmbH now owns 11,516 shares of the industrial products company’s stock worth $607,000 after purchasing an additional 230 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its position in shares of Terex by 4.4% during the third quarter. Verdence Capital Advisors LLC now owns 5,575 shares of the industrial products company’s stock valued at $295,000 after buying an additional 233 shares during the period. 92.88% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Terex

In other news, Director David A. Sachs bought 20,000 shares of Terex stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of $49.75 per share, for a total transaction of $995,000.00. Following the purchase, the director now directly owns 137,500 shares of the company’s stock, valued at approximately $6,840,625. The trade was a 17.02 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Simon Meester sold 9,877 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total value of $505,109.78. Following the sale, 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 disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Terex Stock Down 0.1 %

Shares of TEX stock opened at $48.84 on Friday. The stock’s fifty day moving average price is $48.96 and its 200 day moving average price is $52.76. Terex Co. has a 1-year low of $43.50 and a 1-year high of $68.08. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 7.13, a price-to-earnings-growth ratio of 4.49 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.16.

Terex (NYSE:TEX) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.15. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.16 billion. Terex had a return on equity of 24.92% and a net margin of 9.08%. The company’s revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.75 earnings per share. On average, research analysts expect that Terex Co. will post 6.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TEX shares. Robert W. Baird decreased their price target on Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. lowered their target price on shares of Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Citigroup dropped their price objective 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. Finally, Truist Financial reduced their price objective on shares of Terex from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Terex currently has an average rating of “Hold” and an average target price of $56.63.

Terex Company 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.