Terex Co. (NYSE:TEX) Shares Sold by Entropy Technologies LP

Entropy Technologies LP decreased its stake in Terex Co. (NYSE:TEX) by 33.2% during the 1st quarter, Holdings Channel reports. The firm owned 6,630 shares of the industrial products company’s stock after selling 3,288 shares during the quarter. Entropy Technologies LP’s holdings in Terex were worth $427,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. increased its stake in Terex by 179.0% during the 4th quarter. Blue Trust Inc. now owns 466 shares of the industrial products company’s stock worth $27,000 after buying an additional 299 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in Terex in the 4th quarter valued at $29,000. FinTrust Capital Advisors LLC boosted its stake in Terex by 202.2% during the 1st quarter. FinTrust Capital Advisors LLC now owns 695 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 465 shares during the last quarter. OLD Point Trust & Financial Services N A acquired a new stake in Terex during the 4th quarter worth $61,000. Finally, Principal Securities Inc. purchased a new stake in shares of Terex during the fourth quarter worth $85,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Terex Trading Down 0.8 %

Shares of TEX stock traded down $0.45 during trading hours on Friday, hitting $57.26. The company had a trading volume of 31,287 shares, compared to its average volume of 774,608. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.16 and a quick ratio of 1.06. The stock has a market capitalization of $3.85 billion, a PE ratio of 7.64 and a beta of 1.57. The company’s fifty day moving average is $56.82 and its 200 day moving average is $58.55. Terex Co. has a fifty-two week low of $43.70 and a fifty-two week high of $65.89.

Terex (NYSE:TEX) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.37 by $0.23. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.23 billion. Terex had a return on equity of 30.53% and a net margin of 9.87%. Research analysts expect that Terex Co. will post 7.09 earnings per share for the current fiscal year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.68 annualized dividend and a dividend yield of 1.19%. Terex’s dividend payout ratio is presently 9.01%.

Analysts Set New Price Targets

A number of research firms recently weighed in on TEX. Truist Financial lowered their price target on shares of Terex from $73.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. lowered their target price on Terex from $63.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Citigroup initiated coverage on Terex in a report on Wednesday, June 26th. They issued a “neutral” rating and a $60.00 price target for the company. UBS Group boosted their price objective on Terex from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. Finally, Jefferies Financial Group cut their target price on Terex from $68.00 to $55.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.67.

Insider Activity

In other news, VP Scott Posner sold 12,500 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $60.48, for a total value of $756,000.00. Following the sale, the vice president now directly owns 58,224 shares in the company, valued at $3,521,387.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Terex news, insider Kieran Hegarty sold 17,190 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $58.26, for a total value of $1,001,489.40. Following the sale, the insider now directly owns 200,029 shares in the company, valued at $11,653,689.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Scott Posner sold 12,500 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $60.48, for a total value of $756,000.00. Following the completion of the transaction, the vice president now owns 58,224 shares in the company, valued at approximately $3,521,387.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,929 shares of company stock valued at $1,958,307. 1.90% of the stock is currently owned by company insiders.

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.