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Highlights
- Stratos Wealth Partners LTD. reduced its stake in Terex Co. by 64.6% in the fourth quarter.
- Institutional ownership remains high at 92.88%, with notable changes among major investors.
- The company reported quarterly earnings of $0.77 per share, exceeding expectations.
Institutional Investment Movements
Terex Co. (NYSE:TEX) has experienced significant institutional shifts, with Stratos Wealth Partners LTD. decreasing its stake by 64.6%, selling 9,152 shares while retaining 5,005 shares valued at $231,000.
Other large investors have made adjustments to their holdings. GAMMA Investing LLC increased its stake by 83.3% in the third quarter, while Wilmington Savings Fund Society FSB, Truvestments Capital LLC, and Blue Trust Inc. also adjusted their positions. With institutional ownership standing at 92.88%, the stock continues to attract engagement from financial entities.
Stock Performance and Market Indicators
Terex stock opened at $44.93, maintaining a market capitalization of $3.00 billion. Key valuation metrics include a price-to-earnings ratio of 9.06 and a beta of 1.54, reflecting moderate volatility within the industrial sector.
The stock has shown resilience amid market fluctuations, maintaining its standing within the industrial products segment. Recent trading activity continues to shape investor sentiment, aligning with broader market conditions.
Executive Transactions and Shareholder Activity
Recent internal transactions reflect shifts within Terex’s executive ownership. CEO Simon Meeste sold 9,877 shares, amounting to over $505,000, while Director David A. Sachs purchased 10,000 shares valued at approximately $513,000. Insiders collectively hold 1.90% of Terex’s stock, reinforcing a layered ownership structure within the company.
Financial Performance and Shareholder Returns
Terex recently reported quarterly earnings of $0.77 per share, surpassing prior projections. The company anticipates earnings of $5.03 per share for the fiscal year. Additionally, an annualized dividend of $0.68 per share was declared, yielding 1.51%, reinforcing its approach to shareholder returns.
Company Operations and Market Engagement
Terex Corporation specializes in manufacturing aerial work platforms and materials processing equipment. Operating primarily through its Materials Processing (MP) and Aerial Work Platforms (AWP) segments, the company’s portfolio includes crushers, screening equipment, and specialty machinery. Terex continues to expand its market reach, leveraging its broad product line to maintain a competitive position within the industrial sector.
