Burney Co. Has $1.51 Million Stock Position in Terex Co. (NYSE:TEX)

Burney Co. cut its holdings in shares of Terex Co. (NYSE:TEX) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,748 shares of the industrial products company’s stock after selling 1,795 shares during the quarter. Burney Co.’s holdings in Terex were worth $1,514,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in shares of Terex by 18.4% in the second 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 period. Millennium Management LLC raised its holdings in Terex by 169.0% in the 2nd quarter. Millennium Management LLC now owns 264,885 shares of the industrial products company’s stock valued at $14,526,000 after acquiring an additional 166,429 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Terex by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,812,383 shares of the industrial products company’s stock worth $154,224,000 after purchasing an additional 109,885 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Terex during the third quarter valued at approximately $4,283,000. Finally, Foundry Partners LLC acquired a new position in shares of Terex in the third quarter valued at $3,881,000. 92.88% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Simon Meester sold 9,877 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was 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 of the company’s stock, valued at $6,538,658.12. This represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David A. Sachs acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average price of $51.30 per share, with a total value of $513,000.00. Following the completion of the transaction, the director now owns 107,500 shares of the company’s stock, valued at approximately $5,514,750. This trade 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.

Analysts Set New Price Targets

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

Terex Trading Up 1.5 %

TEX stock opened at $47.58 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.16. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 6.95, a P/E/G ratio of 4.01 and a beta of 1.55. The business has a fifty day moving average price of $49.76 and a 200 day moving average price of $53.02. Terex Co. has a fifty-two week low of $43.50 and a fifty-two week high of $68.08.

Terex (NYSE:TEX) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Terex had a return on equity of 24.92% and a net margin of 9.08%. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.75 earnings per share. Analysts expect that Terex Co. will post 6.07 EPS for the current fiscal year.

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.