Terex Co. (NYSE:TEX) is Curated Wealth Partners LLC’s 8th Largest Position

Curated Wealth Partners LLC lifted its stake in Terex Co. (NYSE:TEX) by 28.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 226,922 shares of the industrial products company’s stock after acquiring an additional 50,000 shares during the quarter. Terex makes up approximately 1.2% of Curated Wealth Partners LLC’s investment portfolio, making the stock its 8th largest position. Curated Wealth Partners LLC’s holdings in Terex were worth $10,488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TEX. GAMMA Investing LLC raised 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 worth $39,000 after acquiring an additional 335 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Terex in the 3rd quarter worth about $40,000. Truvestments Capital LLC purchased a new position in Terex during the third quarter worth approximately $41,000. Blue Trust Inc. grew its holdings in Terex by 89.3% in the third quarter. Blue Trust Inc. now owns 969 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 457 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of Terex by 74.6% in the third quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock valued at $62,000 after buying an additional 504 shares in the last quarter. 92.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TEX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Robert W. Baird decreased their price objective on shares of Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Citigroup cut 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 decreased their price target on shares of Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.63.

Terex Stock Performance

NYSE:TEX opened at $48.84 on Friday. The company’s 50-day moving average is $48.96 and its two-hundred day moving average is $52.76. Terex Co. has a 1-year low of $43.50 and a 1-year high of $68.08. 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 firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 7.13, a PEG ratio of 4.49 and a beta of 1.55.

Terex (NYSE:TEX) last released 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. Terex had a return on equity of 24.92% and a net margin of 9.08%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the firm posted $1.75 earnings per share. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. Analysts forecast that Terex Co. will post 6.08 EPS for the current year.

Insider Buying and Selling

In related news, 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 transaction of $505,109.78. Following the completion of the transaction, the chief executive officer now owns 127,858 shares of the company’s stock, valued at approximately $6,538,658.12. This trade represents a 7.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David A. Sachs bought 20,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $49.75 per share, for a total transaction of $995,000.00. Following the transaction, the director now owns 137,500 shares of the company’s stock, valued at $6,840,625. This trade represents a 17.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate 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.