Congress Wealth Management LLC DE Acquires New Stake in Terex Co. (NYSE:TEX)

Congress Wealth Management LLC DE bought a new position in Terex Co. (NYSE:TEX) during the fourth quarter, HoldingsChannel.com reports. The fund bought 5,022 shares of the industrial products company’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp purchased a new position in Terex in the 4th quarter worth about $31,000. Smartleaf Asset Management LLC grew its stake in Terex by 46.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 222 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Terex during the third quarter worth approximately $40,000. VisionPoint Advisory Group LLC bought a new stake in shares of Terex during the fourth quarter valued at approximately $51,000. Finally, Blue Trust Inc. boosted its holdings in shares of Terex by 26.8% in the fourth quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 260 shares during the period. 92.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Citigroup decreased their target price on Terex from $48.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. The Goldman Sachs Group dropped their target price on shares of Terex from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. StockNews.com cut shares of Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Evercore ISI cut their price objective on shares of Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Finally, Truist Financial lowered their target price on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $54.22.

Insiders Place Their Bets

In other news, Director Andra Rush acquired 1,325 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $36.96 per share, with a total value 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. This trade represents a 6.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.90% of the company’s stock.

Terex Stock Down 4.0 %

Terex stock opened at $38.47 on Friday. The business has a fifty day moving average price of $43.45 and a 200-day moving average price of $48.53. Terex Co. has a 1-year low of $36.15 and a 1-year high of $68.08. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 4.53 and a beta of 1.56. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09.

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

Terex Dividend Announcement

The business also recently declared 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. The ex-dividend date was Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.77%. Terex’s payout ratio is 13.71%.

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.