Waterfront Wealth Inc. Has $1.87 Million Holdings in Terex Co. (NYSE:TEX)

Waterfront Wealth Inc. raised its position in Terex Co. (NYSE:TEX) by 40.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 40,510 shares of the industrial products company’s stock after purchasing an additional 11,644 shares during the quarter. Waterfront Wealth Inc.’s holdings in Terex were worth $1,872,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Greenwich Wealth Management LLC raised its stake in shares of Terex by 0.3% in the third quarter. Greenwich Wealth Management LLC now owns 62,371 shares of the industrial products company’s stock worth $3,300,000 after acquiring an additional 181 shares during the last quarter. US Bancorp DE raised its stake in shares of Terex by 4.0% in the third quarter. US Bancorp DE now owns 5,837 shares of the industrial products company’s stock worth $309,000 after acquiring an additional 227 shares during the last quarter. Lingohr Asset Management GmbH raised its stake in shares of Terex by 2.0% in the third quarter. Lingohr Asset Management GmbH now owns 11,516 shares of the industrial products company’s stock worth $607,000 after acquiring an additional 230 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in shares of Terex by 4.4% in the third quarter. Verdence Capital Advisors LLC now owns 5,575 shares of the industrial products company’s stock worth $295,000 after acquiring an additional 233 shares during the last quarter. Finally, Blue Trust Inc. raised its stake 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 worth $57,000 after acquiring an additional 260 shares during the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director David A. Sachs purchased 20,000 shares of Terex stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $49.75 per share, for a total transaction of $995,000.00. Following the completion of the acquisition, the director now directly owns 137,500 shares of the company’s stock, valued at $6,840,625. This represents a 17.02 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Simon Meester sold 9,877 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 127,858 shares of the company’s stock, valued at $6,538,658.12. This trade represents a 7.17 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

TEX has been the subject of a number of research analyst reports. Barclays dropped their target price on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Citigroup dropped their price target on shares of Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price target on shares of Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Evercore ISI dropped their price target on shares of Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, 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 note on Thursday, December 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $56.11.

Terex Stock Down 3.5 %

Shares of NYSE TEX opened at $45.57 on Friday. The stock has a market cap of $3.03 billion, a P/E ratio of 9.19, a P/E/G ratio of 4.70 and a beta of 1.54. The firm has a 50 day moving average price of $46.39 and a 200 day moving average price of $51.02. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. Terex Co. has a 52-week low of $43.23 and a 52-week high of $68.08.

Terex (NYSE:TEX) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same quarter in the previous year, the company earned $1.88 earnings per share. Analysts expect that Terex Co. will post 4.83 EPS for the current year.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Friday, March 7th. Terex’s dividend payout ratio (DPR) is presently 13.71%.

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.