Raymond James Financial Services Advisors Inc. Acquires 407 Shares of Terex Co. (NYSE:TEX)

Raymond James Financial Services Advisors Inc. lifted its holdings in Terex Co. (NYSE:TEX) by 5.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,077 shares of the industrial products company’s stock after purchasing an additional 407 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Terex were worth $464,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC lifted its stake in shares of Terex by 440.7% in the 3rd quarter. Avior Wealth Management LLC now owns 492 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 401 shares during the period. Dark Forest Capital Management LP purchased a new stake in Terex in the 1st quarter worth approximately $28,000. FinTrust Capital Advisors LLC purchased a new stake in Terex in the 3rd quarter worth approximately $31,000. Quantbot Technologies LP purchased a new stake in Terex in the 3rd quarter worth approximately $32,000. Finally, Money Concepts Capital Corp purchased a new stake in Terex in the 4th quarter worth approximately $47,000. Institutional investors own 92.88% of the company’s stock.

Insider Buying and Selling

In related news, CEO John L. Garrison, Jr. sold 59,094 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $60.07, for a total value of $3,549,776.58. Following the completion of the sale, the chief executive officer now directly owns 380,834 shares in the company, valued at $22,876,698.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO John L. Garrison, Jr. sold 59,094 shares of Terex stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $60.07, for a total transaction of $3,549,776.58. Following the completion of the sale, the chief executive officer now directly owns 380,834 shares in the company, valued at $22,876,698.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John L. Garrison, Jr. sold 50,000 shares of Terex stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $64.28, for a total value of $3,214,000.00. Following the sale, the chief executive officer now owns 315,483 shares of the company’s stock, valued at $20,279,247.24. The disclosure for this sale can be found here. Insiders sold a total of 132,039 shares of company stock worth $8,078,574 over the last three months. 1.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. UBS Group lowered shares of Terex from a “buy” rating to a “neutral” rating and increased their target price for the stock from $61.00 to $62.00 in a report on Tuesday, February 13th. Bank of America reaffirmed an “underperform” rating and set a $57.00 price objective on shares of Terex in a report on Friday, January 19th. Truist Financial began coverage on shares of Terex in a report on Thursday, March 14th. They set a “buy” rating and a $73.00 price objective for the company. JPMorgan Chase & Co. lowered shares of Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price objective for the company. in a report on Monday, March 18th. Finally, Citigroup increased their price objective on shares of Terex from $54.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, February 12th. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $65.08.

Terex Stock Up 0.8 %

Shares of TEX opened at $60.27 on Friday. The company has a market cap of $4.06 billion, a PE ratio of 7.94, a P/E/G ratio of 0.60 and a beta of 1.64. The business has a fifty day moving average of $59.68 and a 200 day moving average of $56.03. Terex Co. has a 52-week low of $42.50 and a 52-week high of $65.89. The company has a quick ratio of 0.95, a current ratio of 2.01 and a debt-to-equity ratio of 0.37.

Terex (NYSE:TEX) last issued its quarterly earnings results on Friday, February 9th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.41. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. Terex had a return on equity of 32.89% and a net margin of 10.06%. Terex’s revenue was up .4% on a year-over-year basis. During the same period last year, the company earned $1.34 earnings per share. On average, sell-side analysts expect that Terex Co. will post 6.95 EPS for the current year.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were given a $0.17 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.13%. Terex’s dividend payout ratio is presently 8.96%.

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.