Orion Portfolio Solutions LLC Purchases 4,400 Shares of Terex Co. (NYSE:TEX)

Orion Portfolio Solutions LLC boosted its position in Terex Co. (NYSE:TEX) by 107.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,509 shares of the industrial products company’s stock after purchasing an additional 4,400 shares during the period. Orion Portfolio Solutions LLC’s holdings in Terex were worth $393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of TEX. Norges Bank bought a new stake in shares of Terex during the 4th quarter worth approximately $35,001,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in Terex during the 4th quarter valued at $784,000. NEOS Investment Management LLC raised its holdings in shares of Terex by 22.9% in the fourth quarter. NEOS Investment Management LLC now owns 61,544 shares of the industrial products company’s stock valued at $2,845,000 after acquiring an additional 11,461 shares in the last quarter. Florida Financial Advisors LLC bought a new stake in shares of Terex in the 4th quarter valued at about $219,000. Finally, Segall Bryant & Hamill LLC raised its stake in Terex by 16.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 113,148 shares of the industrial products company’s stock worth $5,230,000 after buying an additional 15,833 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Analyst Ratings Changes

TEX has been the subject of a number of recent research reports. Truist Financial reduced their target price on shares of Terex from $58.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday. Barclays lowered their price target on Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. StockNews.com downgraded Terex from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Citigroup dropped their price target on shares of Terex from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, The Goldman Sachs Group cut their price objective on Terex from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Two research analysts have 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.com, Terex presently has a consensus rating of “Hold” and an average target price of $48.44.

Insider Buying and Selling

In other Terex news, Director Andra Rush bought 1,325 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $36.96 per share, with a total value of $48,972.00. Following the purchase, the director now directly owns 23,308 shares in the company, valued at approximately $861,463.68. This represents a 6.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Terex Trading Down 1.5 %

TEX opened at $32.16 on Wednesday. Terex Co. has a 1-year low of $31.61 and a 1-year high of $68.08. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 6.48, a price-to-earnings-growth ratio of 4.53 and a beta of 1.40. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. The company’s 50 day simple moving average is $41.40 and its two-hundred day simple moving average is $47.55.

Terex (NYSE:TEX) last issued its earnings results on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same quarter in the prior year, the firm earned $1.88 EPS. Analysts expect that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Friday, March 7th. Terex’s dividend payout ratio (DPR) is presently 13.71%.

About Terex

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.