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

SkyOak Wealth LLC raised its stake in shares of Terex Co. (NYSE:TEX) by 13.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,456 shares of the industrial products company’s stock after acquiring an additional 626 shares during the period. SkyOak Wealth LLC’s holdings in Terex were worth $252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TEX. GAMMA Investing LLC increased its holdings in Terex by 83.3% in the 3rd quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 335 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Terex in the third quarter valued at $40,000. Truvestments Capital LLC purchased a new stake in shares of Terex in the 3rd quarter valued at $41,000. Blue Trust Inc. boosted its holdings in Terex by 89.3% during the 3rd quarter. Blue Trust Inc. now owns 969 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 457 shares during the period. Finally, Farther Finance Advisors LLC grew its position in 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 acquiring an additional 504 shares in the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

Terex Trading Down 1.8 %

TEX opened at $48.10 on Monday. The business’s 50-day simple moving average is $48.52 and its 200-day simple moving average is $52.46. Terex Co. has a one year low of $43.50 and a one year high of $68.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 2.39. The company has a market cap of $3.21 billion, a P/E ratio of 7.02, a PEG ratio of 4.51 and a beta of 1.54.

Analyst Ratings Changes

Several research firms have recently commented on TEX. Citigroup lowered their price objective 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. 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. Robert W. Baird reduced their price objective on Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. lowered their target price on Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Terex has a consensus rating of “Hold” and a consensus price target of $56.63.

Insider Buying and Selling

In other Terex news, CEO Simon Meester sold 9,877 shares of the company’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 completion of the transaction, the chief executive officer now owns 127,858 shares in the company, valued at approximately $6,538,658.12. This represents a 7.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Sachs bought 10,000 shares of the stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average cost of $51.30 per share, for a total transaction of $513,000.00. Following the acquisition, the director now owns 107,500 shares of the company’s stock, valued at approximately $5,514,750. This represents a 10.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.90% of the stock is owned by company insiders.

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.