Semanteon Capital Management LP Purchases 9,119 Shares of Terex Co. (NYSE:TEX)

Semanteon Capital Management LP boosted its position in shares of Terex Co. (NYSE:TEX) by 41.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,857 shares of the industrial products company’s stock after acquiring an additional 9,119 shares during the period. Semanteon Capital Management LP’s holdings in Terex were worth $1,426,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TEX. Jones Financial Companies Lllp bought a new position in Terex during the fourth quarter valued at about $31,000. Smartleaf Asset Management LLC boosted its holdings in Terex by 46.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 222 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Terex during the third quarter valued at approximately $40,000. Truvestments Capital LLC acquired a new stake in Terex during the third quarter valued at approximately $41,000. Finally, VisionPoint Advisory Group LLC acquired a new stake in Terex during the fourth quarter valued at approximately $51,000. 92.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Evercore ISI decreased their price objective on Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. JPMorgan Chase & Co. decreased their price objective on Terex from $51.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday. Truist Financial decreased their price objective on Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Citigroup decreased their price objective on Terex from $48.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Barclays reduced their target price on Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Terex presently has an average rating of “Hold” and an average target price of $54.22.

Insiders Place Their Bets

In other Terex news, Director Andra Rush bought 1,325 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the transaction, the director now owns 23,308 shares of the company’s stock, valued at approximately $861,463.68. The trade was a 6.03 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.90% of the company’s stock.

Terex Stock Down 1.4 %

Shares of TEX opened at $39.07 on Friday. The business’s 50 day simple moving average is $44.19 and its 200-day simple moving average is $49.05. Terex Co. has a one year low of $36.15 and a one year high of $68.08. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. The company has a market capitalization of $2.59 billion, a P/E ratio of 7.88, a PEG ratio of 4.53 and a beta of 1.56.

Terex (NYSE:TEX) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping 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 prior year, the business posted $1.88 EPS. As a group, sell-side analysts predict that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.74%. The ex-dividend date was Friday, March 7th. Terex’s dividend payout ratio is 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.