Advisors Asset Management Inc. Has $3.29 Million Stock Holdings in Terex Co. (NYSE:TEX)

Advisors Asset Management Inc. grew its position in shares of Terex Co. (NYSE:TEX - Free Report) by 24.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,078 shares of the industrial products company's stock after buying an additional 14,022 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.11% of Terex worth $3,285,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Cibc World Markets Corp acquired a new position in Terex during the 4th quarter worth about $288,000. Vestcor Inc raised its stake in shares of Terex by 55.9% in the fourth quarter. Vestcor Inc now owns 14,650 shares of the industrial products company's stock worth $677,000 after acquiring an additional 5,250 shares during the last quarter. Moran Wealth Management LLC lifted its position in shares of Terex by 3.7% during the fourth quarter. Moran Wealth Management LLC now owns 46,999 shares of the industrial products company's stock worth $2,172,000 after purchasing an additional 1,660 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Terex by 21.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,779 shares of the industrial products company's stock valued at $868,000 after purchasing an additional 3,379 shares during the last quarter. Finally, Kendall Capital Management increased its holdings in shares of Terex by 5.2% in the fourth quarter. Kendall Capital Management now owns 9,720 shares of the industrial products company's stock valued at $449,000 after purchasing an additional 480 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company's stock.

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Analysts Set New Price Targets

Several research firms have issued reports on TEX. Barclays reduced their price objective on Terex from $60.00 to $52.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group cut their price target on Terex from $60.00 to $52.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Citigroup lowered their price objective on Terex from $48.00 to $45.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. StockNews.com downgraded shares of Terex from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Terex from $51.00 to $48.00 and set a "neutral" rating for the company in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $54.22.

Terex Trading Down 0.2 %

Terex stock traded down $0.07 during midday trading on Wednesday, hitting $40.38. 673,702 shares of the stock were exchanged, compared to its average volume of 843,309. The stock has a market capitalization of $2.68 billion, a PE ratio of 8.14, a P/E/G ratio of 4.53 and a beta of 1.56. The company has a fifty day simple moving average of $43.90 and a two-hundred day simple moving average of $48.74. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. Terex Co. has a 52 week low of $36.15 and a 52 week high of $68.08.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same quarter in the previous year, the business earned $1.88 EPS. Equities research analysts anticipate that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.68%. Terex's payout ratio is 13.71%.

Insiders Place Their Bets

In related news, Director Andra Rush acquired 1,325 shares of the stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $36.96 per share, with a total value of $48,972.00. Following the completion of the transaction, the director now directly owns 23,308 shares of the company's stock, valued at approximately $861,463.68. The trade was a 6.03 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company's stock.

Terex 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.