120,313 Shares in Terex Co. (NYSE:TEX) Bought by Regents Gate Capital LLP

Regents Gate Capital LLP acquired a new stake in shares of Terex Co. (NYSE:TEX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 120,313 shares of the industrial products company’s stock, valued at approximately $5,561,000. Terex accounts for about 2.2% of Regents Gate Capital LLP’s investment portfolio, making the stock its 19th biggest holding. Regents Gate Capital LLP owned approximately 0.18% of Terex at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TEX. GAMMA Investing LLC increased its position in shares of Terex by 83.3% during the third quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock valued at $39,000 after buying an additional 335 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Terex during the 3rd quarter valued at approximately $40,000. Truvestments Capital LLC purchased a new position in shares of Terex during the 3rd quarter worth approximately $41,000. Blue Trust Inc. raised its position in shares of Terex by 89.3% in the 3rd quarter. Blue Trust Inc. now owns 969 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 457 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake 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 period. 92.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Terex

In other news, CEO Simon Meester sold 9,877 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Sachs acquired 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of $49.75 per share, for a total transaction of $995,000.00. Following the acquisition, the director now owns 137,500 shares of the company’s stock, valued at $6,840,625. The trade was a 17.02 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TEX. JPMorgan Chase & Co. reduced their price target on Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Robert W. Baird reduced their target price on shares of Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. StockNews.com cut shares of Terex from a “hold” rating to a “sell” rating in a research report on Friday. Truist Financial cut their price objective on shares of Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Finally, 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 report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $56.63.

Terex Stock Performance

Shares of TEX opened at $44.66 on Monday. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 9.00, a P/E/G ratio of 4.53 and a beta of 1.54. The business’s fifty day simple moving average is $47.69 and its two-hundred day simple moving average is $51.95. Terex Co. has a 12 month low of $43.50 and a 12 month high of $68.08. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.41.

Terex (NYSE:TEX) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.76 by $0.01. Terex had a return on equity of 21.99% and a net margin of 6.54%. During the same quarter in the previous year, the firm earned $1.88 EPS. Research analysts anticipate that Terex Co. will post 5.03 earnings per share for the current fiscal year.

Terex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Friday, March 7th. Terex’s dividend payout ratio (DPR) is presently 13.71%.

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.