BNP Paribas Financial Markets Purchases 10,163 Shares of Terex Co. (NYSE:TEX)

BNP Paribas Financial Markets increased its stake in shares of Terex Co. (NYSE:TEX) by 44.6% in the fourth quarter, Holdings Channel reports. The firm owned 32,971 shares of the industrial products company’s stock after buying an additional 10,163 shares during the quarter. BNP Paribas Financial Markets’ holdings in Terex were worth $1,524,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TEX. Barclays PLC grew its stake in shares of Terex by 40.2% during the third quarter. Barclays PLC now owns 129,250 shares of the industrial products company’s stock worth $6,838,000 after purchasing an additional 37,072 shares during the period. J2 Capital Management Inc acquired a new stake in shares of Terex during the fourth quarter worth $353,000. Clear Harbor Asset Management LLC acquired a new stake in shares of Terex during the fourth quarter worth $930,000. Curated Wealth Partners LLC grew its stake in shares of Terex by 28.3% during the fourth quarter. Curated Wealth Partners LLC now owns 226,922 shares of the industrial products company’s stock worth $10,488,000 after purchasing an additional 50,000 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Terex by 26.8% during the fourth quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 260 shares during the period. 92.88% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Terex

In related news, Director Andra Rush bought 1,325 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the acquisition, the director now owns 23,308 shares of the company’s stock, valued at approximately $861,463.68. The trade was a 6.03% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joshua Gross sold 5,389 shares of the company’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $40.75, for a total value of $219,601.75. Following the sale, the insider now owns 38,755 shares in the company, valued at $1,579,266.25. The trade was a 12.21% decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TEX has been the subject of a number of analyst reports. UBS Group raised Terex from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $34.00 to $48.00 in a research note on Friday. Morgan Stanley decreased their target price on Terex from $43.00 to $30.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Citigroup decreased their target price on Terex from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Truist Financial boosted their target price on Terex from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Finally, Barclays decreased their target price on Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Terex presently has a consensus rating of “Hold” and an average price target of $49.10.

Terex Stock Up 2.4%

TEX stock opened at $48.02 on Monday. 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 stock has a market capitalization of $3.18 billion, a P/E ratio of 9.68, a P/E/G ratio of 4.53 and a beta of 1.52. The business has a 50-day moving average of $38.13 and a 200-day moving average of $44.47. Terex Co. has a fifty-two week low of $31.53 and a fifty-two week high of $68.08.

Terex (NYSE:TEX) last posted its quarterly earnings data on Friday, May 2nd. The industrial products company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.26. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Terex had a return on equity of 21.99% and a net margin of 6.54%. Terex’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 earnings per share. On average, sell-side analysts anticipate that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.68 annualized dividend and a dividend yield of 1.42%. Terex’s dividend payout ratio is currently 18.53%.

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.