Terex Co. (NYSE:TEX) Shares Purchased by Greenhaven Associates Inc.

Greenhaven Associates Inc. increased its position in shares of Terex Co. (NYSE:TEX) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,503,133 shares of the industrial products company’s stock after acquiring an additional 3,290 shares during the quarter. Terex makes up about 1.0% of Greenhaven Associates Inc.’s portfolio, making the stock its 12th biggest holding. Greenhaven Associates Inc. owned approximately 2.25% of Terex worth $69,475,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TEX. Chartwell Investment Partners LLC purchased a new stake in shares of Terex in the 3rd quarter valued at approximately $559,000. GSA Capital Partners LLP purchased a new position in Terex in the third quarter worth approximately $615,000. Barclays PLC increased its stake in Terex by 40.2% during the third quarter. Barclays PLC now owns 129,250 shares of the industrial products company’s stock worth $6,838,000 after acquiring an additional 37,072 shares during the last quarter. AQR Capital Management LLC raised its position in Terex by 18.4% in the second quarter. AQR Capital Management LLC now owns 1,837,563 shares of the industrial products company’s stock valued at $99,045,000 after purchasing an additional 285,750 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in Terex in the 3rd quarter valued at about $4,283,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, Director David A. Sachs purchased 20,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were bought at an average price of $49.75 per share, with a total value of $995,000.00. Following the completion of the purchase, the director now directly owns 137,500 shares in the company, valued at approximately $6,840,625. This trade represents a 17.02 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Simon Meester sold 9,877 shares of the business’s stock in a transaction 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Terex Price Performance

Terex stock opened at $48.87 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.16. The business has a 50 day simple moving average of $49.16 and a 200-day simple moving average of $52.85. Terex Co. has a 12 month low of $43.50 and a 12 month high of $68.08. The stock has a market capitalization of $3.26 billion, a PE ratio of 7.13, a price-to-earnings-growth ratio of 4.36 and a beta of 1.55.

Terex (NYSE:TEX) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.16 billion. Terex had a net margin of 9.08% and a return on equity of 24.92%. The firm’s revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.75 earnings per share. Equities analysts predict that Terex Co. will post 6.08 earnings per share for the current year.

About Terex

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.