FCG Investment Co Has $407,000 Holdings in Terex Co. (NYSE:TEX)

FCG Investment Co raised its stake in Terex Co. (NYSE:TEX) by 4.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,314 shares of the industrial products company’s stock after buying an additional 285 shares during the quarter. FCG Investment Co’s holdings in Terex were worth $407,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its position in shares of Terex by 179.0% in the 4th quarter. Blue Trust Inc. now owns 466 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 299 shares during the period. McGlone Suttner Wealth Management Inc. acquired a new stake in Terex in the fourth quarter worth $29,000. OLD Point Trust & Financial Services N A bought a new position in shares of Terex during the fourth quarter worth $61,000. Principal Securities Inc. acquired a new position in shares of Terex in the 4th quarter valued at $85,000. Finally, Diversified Trust Co bought a new stake in shares of Terex in the 4th quarter valued at $202,000. Institutional investors own 92.88% of the company’s stock.

Terex Stock Performance

Terex stock traded up $0.82 during mid-day trading on Thursday, hitting $54.20. 408,449 shares of the company’s stock traded hands, compared to its average volume of 851,319. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.16 and a quick ratio of 1.06. The firm has a 50 day simple moving average of $57.62 and a two-hundred day simple moving average of $58.78. Terex Co. has a fifty-two week low of $43.70 and a fifty-two week high of $65.89. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 7.18 and a beta of 1.57.

Terex (NYSE:TEX) last posted its earnings results on Thursday, April 25th. The industrial products company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.23. Terex had a net margin of 9.87% and a return on equity of 30.53%. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.23 billion. On average, research analysts expect that Terex Co. will post 7.11 EPS for the current fiscal year.

Terex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Thursday, June 6th. Terex’s dividend payout ratio is 9.01%.

Insider Transactions at Terex

In other Terex news, VP Scott Posner sold 12,500 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $60.48, for a total value of $756,000.00. Following the completion of the sale, the vice president now owns 58,224 shares of the company’s stock, valued at approximately $3,521,387.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Kieran Hegarty sold 17,190 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $58.26, for a total transaction of $1,001,489.40. Following the sale, the insider now owns 200,029 shares of the company’s stock, valued at $11,653,689.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Scott Posner sold 12,500 shares of Terex stock in a transaction on Friday, May 24th. The shares were sold at an average price of $60.48, for a total value of $756,000.00. Following the completion of the transaction, the vice president now directly owns 58,224 shares of the company’s stock, valued at $3,521,387.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,929 shares of company stock valued at $1,958,307. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TEX shares. UBS Group lifted their target price on Terex from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Truist Financial lowered their target price on Terex from $73.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday. Raymond James initiated coverage on shares of Terex in a research note on Friday, June 28th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. cut shares of Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price target for the company. in a report on Monday, March 18th. Finally, Citigroup initiated coverage on shares of Terex in a report on Wednesday, June 26th. They set a “neutral” rating and a $60.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Terex has an average rating of “Hold” and a consensus target price of $64.67.

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.