Terex Co. (NYSE:TEX) Shares Acquired by SkyOak Wealth LLC

SkyOak Wealth LLC lifted its position in shares of Terex Co. (NYSE:TEX) by 13.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,456 shares of the industrial products company’s stock after buying an additional 626 shares during the quarter. SkyOak Wealth LLC’s holdings in Terex were worth $252,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Terex by 83.3% in the third quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 335 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Terex in the third quarter valued at approximately $40,000. Truvestments Capital LLC acquired a new position in Terex during the third quarter worth approximately $41,000. Blue Trust Inc. raised its stake in Terex by 89.3% during the third quarter. Blue Trust Inc. now owns 969 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 457 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Terex by 74.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 504 shares during the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on TEX. Citigroup cut their target price on Terex from $57.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Robert W. Baird cut their price objective on Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. decreased their target price on Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Finally, Truist Financial reduced their price target on shares of Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $56.63.

Terex Stock Down 1.8 %

NYSE TEX opened at $48.10 on Monday. The stock has a market cap of $3.21 billion, a PE ratio of 7.02, a P/E/G ratio of 4.51 and a beta of 1.54. The business has a 50 day moving average price of $48.52 and a two-hundred day moving average price of $52.46. Terex Co. has a fifty-two week low of $43.50 and a fifty-two week high of $68.08. The company has a quick ratio of 1.16, a current ratio of 2.39 and a debt-to-equity ratio of 0.32.

Insider Activity

In other Terex news, CEO Simon Meester sold 9,877 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total value of $505,109.78. Following the transaction, the chief executive officer now directly owns 127,858 shares of the company’s stock, valued at $6,538,658.12. This represents a 7.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David A. Sachs purchased 20,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were bought at an average cost of $49.75 per share, with a total value of $995,000.00. Following the transaction, the director now directly owns 137,500 shares of the company’s stock, valued at approximately $6,840,625. This represents a 17.02 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.

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.