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

Stratos Wealth Advisors LLC raised its holdings in Terex Co. (NYSE:TEX) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,691 shares of the industrial products company’s stock after buying an additional 733 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Terex were worth $1,557,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Point72 Asset Management L.P. acquired a new stake in Terex during the 3rd quarter worth about $4,283,000. Foundry Partners LLC purchased a new position in shares of Terex in the third quarter worth about $3,881,000. Bridgewater Associates LP lifted its holdings in shares of Terex by 176.1% during the third quarter. Bridgewater Associates LP now owns 79,009 shares of the industrial products company’s stock worth $4,180,000 after purchasing an additional 50,389 shares during the period. Curated Wealth Partners LLC boosted its position in Terex by 28.3% in the fourth quarter. Curated Wealth Partners LLC now owns 226,922 shares of the industrial products company’s stock valued at $10,488,000 after buying an additional 50,000 shares during the last quarter. Finally, Holocene Advisors LP increased its holdings in Terex by 451.6% in the 3rd quarter. Holocene Advisors LP now owns 59,731 shares of the industrial products company’s stock worth $3,160,000 after buying an additional 48,902 shares during the period. Institutional investors and hedge funds own 92.88% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on TEX shares. JPMorgan Chase & Co. decreased their price objective on shares of Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Citigroup decreased their target price on shares of Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. 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 report on Thursday, December 19th. Finally, Robert W. Baird decreased their price objective on Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Terex presently has an average rating of “Hold” and an average target price of $56.63.

Insider Buying and Selling

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

Terex Trading Up 1.0 %

Shares of Terex stock opened at $47.84 on Thursday. Terex Co. has a fifty-two week low of $43.50 and a fifty-two week 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 $3.20 billion, a P/E ratio of 6.98, a price-to-earnings-growth ratio of 4.51 and a beta of 1.54. The firm has a 50-day simple moving average of $48.05 and a two-hundred day simple moving average of $52.29.

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.