Terex Co. (NYSE:TEX) Shares Acquired by Profit Investment Management LLC

Profit Investment Management LLC lifted its stake in shares of Terex Co. (NYSE:TEX) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,514 shares of the industrial products company’s stock after purchasing an additional 3,388 shares during the period. Terex makes up about 1.8% of Profit Investment Management LLC’s holdings, making the stock its 24th biggest position. Profit Investment Management LLC owned 0.07% of Terex worth $2,242,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Chartwell Investment Partners LLC bought a new stake in Terex during the 3rd quarter valued at approximately $559,000. GSA Capital Partners LLP acquired a new stake in Terex during the 3rd quarter valued at $615,000. Barclays PLC boosted its position in Terex by 40.2% in the 3rd quarter. Barclays PLC now owns 129,250 shares of the industrial products company’s stock valued at $6,838,000 after buying an additional 37,072 shares during the last quarter. AQR Capital Management LLC boosted its position in Terex by 18.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,837,563 shares of the industrial products company’s stock valued at $99,045,000 after buying an additional 285,750 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of Terex in the 3rd quarter worth $4,283,000. 92.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Terex

In related news, CEO Simon Meester sold 9,877 shares of Terex stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total transaction of $505,109.78. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Sachs purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was bought at an average price of $51.30 per share, for a total transaction of $513,000.00. Following the purchase, the director now owns 107,500 shares in the company, valued at approximately $5,514,750. This represents a 10.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.90% of the stock is owned by insiders.

Terex Trading Up 1.5 %

Shares of TEX stock opened at $47.58 on Friday. The company has a market capitalization of $3.18 billion, a PE ratio of 6.95, a price-to-earnings-growth ratio of 4.01 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 2.39. Terex Co. has a 52-week low of $43.50 and a 52-week high of $68.08. The business’s fifty day moving average is $49.76 and its 200 day moving average is $53.02.

Terex (NYSE:TEX) last posted its 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. Terex had a net margin of 9.08% and a return on equity of 24.92%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the business posted $1.75 earnings per share. Terex’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities research analysts anticipate that Terex Co. will post 6.07 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday. Robert W. Baird reduced their target price on shares of Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Citigroup decreased their target price on Terex from $57.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday. Truist Financial dropped their price target on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Finally, The Goldman Sachs Group decreased their target price on shares of Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $56.67.

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.