4,732 Shares in Terex Co. (NYSE:TEX) Acquired by Florida Financial Advisors LLC

Florida Financial Advisors LLC purchased a new stake in Terex Co. (NYSE:TEX) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,732 shares of the industrial products company’s stock, valued at approximately $219,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cascade Investment Advisors Inc. purchased a new stake in Terex during the fourth quarter worth approximately $1,070,000. Barclays PLC increased its holdings in Terex by 40.2% in the 3rd quarter. Barclays PLC now owns 129,250 shares of the industrial products company’s stock valued at $6,838,000 after purchasing an additional 37,072 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Terex in the third quarter valued at about $4,283,000. Citigroup Inc. lifted its stake in shares of Terex by 65.6% during the third quarter. Citigroup Inc. now owns 70,443 shares of the industrial products company’s stock worth $3,727,000 after purchasing an additional 27,896 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Terex by 331.8% in the third quarter. Cerity Partners LLC now owns 24,725 shares of the industrial products company’s stock worth $1,308,000 after buying an additional 18,999 shares during the period. Institutional investors and hedge funds own 92.88% of the company’s stock.

Insider Buying and Selling

In related news, Director Andra Rush acquired 1,325 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the purchase, the director now directly owns 23,308 shares in the company, valued at $861,463.68. This represents a 6.03 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TEX has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price target on Terex from $51.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. Evercore ISI decreased their target price on shares of Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. The Goldman Sachs Group dropped their price target on shares of Terex from $60.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Citigroup decreased their price objective on shares of Terex from $48.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Finally, StockNews.com lowered Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Terex presently has a consensus rating of “Hold” and an average price target of $54.22.

Terex Trading Down 1.1 %

Shares of NYSE TEX opened at $40.43 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. The stock’s 50 day moving average price is $43.90 and its two-hundred day moving average price is $48.74. Terex Co. has a 52-week low of $36.15 and a 52-week high of $68.08. The stock has a market capitalization of $2.68 billion, a P/E ratio of 8.15, a PEG ratio of 4.53 and a beta of 1.56.

Terex (NYSE:TEX) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating 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 quarter last year, the company posted $1.88 EPS. On average, analysts anticipate that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Friday, March 7th. Terex’s dividend payout ratio 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.