1 week Ago By ABMN Staff
JPMorgan Chase & Co. reduced its stake in Terex Co. ( NYSE:TEX – Free Report ) by 15.
0% during the 4th quarter, Holdings Channel reports. The fund owned 427,985 shares of the industrial products company’s stock after selling 75,669 shares during the period. JPMorgan Chase & Co.
’s holdings in Terex were worth $19,781,000 at the end of the most recent reporting period. A number of other large investors have also made changes to their positions in TEX. Jones Financial Companies Lllp acquired a new stake in shares of Terex during the 4th quarter worth about $31,000.
Smartleaf Asset Management LLC lifted its stake in shares of Terex by 46.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock valued at $32,000 after buying an additional 222 shares during the period.
Wilmington Savings Fund Society FSB acquired a new stake in Terex during the third quarter worth approximately $40,000. VisionPoint Advisory Group LLC purchased a new stake in Terex in the 4th quarter worth approximately $51,000. Finally, Blue Trust Inc.
raised its holdings in Terex by 26.8% in the 4th quarter. Blue Trust Inc.
now owns 1,229 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 260 shares during the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.
Terex Trading Down 7.1 % Shares of TEX stock opened at $34.11 on Friday.
The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.
41. Terex Co. has a fifty-two week low of $31.
53 and a fifty-two week high of $68.08. The firm’s 50 day moving average price is $40.
69 and its two-hundred day moving average price is $47.23. The stock has a market cap of $2.
26 billion, a price-to-earnings ratio of 6.88, a price-to-earnings-growth ratio of 4.53 and a beta of 1.
40. Terex Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th were paid a $0.
17 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.
68 dividend on an annualized basis and a dividend yield of 1.99%. Terex’s dividend payout ratio (DPR) is currently 13.
71%. Analyst Ratings Changes Several research firms have recently issued reports on TEX. Truist Financial decreased their price objective on Terex from $58.
00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday. StockNews.
com lowered Terex from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Citigroup dropped their price objective on shares of Terex from $45.00 to $36.
00 and set a “neutral” rating for the company in a research note on Tuesday. Barclays decreased their target price on shares of Terex from $60.00 to $52.
00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Terex from $51.
00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock.
Based on data from MarketBeat, Terex has an average rating of “Hold” and a consensus price target of $48.44. Get Our Latest Research Report on Terex Insider Activity at Terex In other news, Director Andra Rush purchased 1,325 shares of the stock in a transaction that occurred on Tuesday, March 4th.
The stock was acquired at an average cost of $36.96 per share, with a total value of $48,972.00.
Following the acquisition, the director now owns 23,308 shares in the company, 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 can be accessed through this hyperlink . Company insiders own 1.
90% of the company’s stock. Terex Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding TEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Terex Co.
( NYSE:TEX – Free Report ). Receive News & Ratings for Terex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terex and related companies with MarketBeat.com's FREE daily email newsletter .
.
