11,397 Shares in Terex Co. (NYSE:TEX) Acquired by Advisory Services Network LLC

Advisory Services Network LLC acquired a new position in Terex Co. (NYSE:TEX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 11,397 shares of the industrial products company's stock, valued at approximately $527,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of TEX. FMR LLC raised its stake in shares of Terex by 17.0% during the fourth quarter. FMR LLC now owns 8,782,287 shares of the industrial products company's stock valued at $405,917,000 after acquiring an additional 1,272,920 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Terex by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 1,890,625 shares of the industrial products company's stock valued at $87,385,000 after purchasing an additional 41,685 shares during the period. American Century Companies Inc. raised its position in Terex by 8.4% during the 4th quarter. American Century Companies Inc. now owns 1,741,206 shares of the industrial products company's stock valued at $80,479,000 after purchasing an additional 135,286 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Terex by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,596,070 shares of the industrial products company's stock worth $84,463,000 after buying an additional 8,624 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Terex by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 982,636 shares of the industrial products company's stock worth $45,417,000 after buying an additional 41,758 shares during the last quarter. Institutional investors own 92.88% of the company's stock.

Terex Stock Down 2.9 %

Shares of Terex stock traded down $1.01 during midday trading on Monday, hitting $33.49. The company had a trading volume of 39,420 shares, compared to its average volume of 900,868. Terex Co. has a 52-week low of $31.53 and a 52-week high of $68.08. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. The stock has a market capitalization of $2.22 billion, a P/E ratio of 6.77, a P/E/G ratio of 4.53 and a beta of 1.40. The company has a 50 day moving average of $39.31 and a 200 day moving average of $46.48.

Terex (NYSE:TEX - Get Free Report) last released its earnings results on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, topping analysts' consensus estimates 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 period in the previous year, the company earned $1.88 EPS. On average, equities analysts predict that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Friday, March 7th. Terex's payout ratio is 13.71%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TEX shares. Truist Financial dropped their price target on Terex from $58.00 to $47.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group dropped their target price on shares of Terex from $60.00 to $52.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Citigroup reduced their price target on shares of Terex from $45.00 to $36.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley reduced their target price on Terex from $43.00 to $30.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, StockNews.com lowered Terex from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Terex has a consensus rating of "Hold" and a consensus target price of $45.60.

Insider Buying and Selling

In other Terex news, Director Andra Rush acquired 1,325 shares of Terex stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the acquisition, the director now owns 23,308 shares of the company's stock, valued at $861,463.68. This represents a 6.03 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.90% of the stock is owned by company insiders.

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.