Terex Co. (NYSE:TEX) Shares Bought by Barclays PLC

Barclays PLC increased its position in shares of Terex Co. (NYSE:TEX - Free Report) by 24.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 160,988 shares of the industrial products company's stock after buying an additional 31,738 shares during the period. Barclays PLC owned about 0.24% of Terex worth $7,441,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in TEX. Jones Financial Companies Lllp purchased a new stake in shares of Terex in the 4th quarter worth approximately $31,000. Smartleaf Asset Management LLC boosted its position in Terex by 46.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 222 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Terex in the 3rd quarter worth $40,000. VisionPoint Advisory Group LLC bought a new position in shares of Terex in the 4th quarter worth $51,000. Finally, Blue Trust Inc. lifted its stake in shares of Terex by 26.8% during the 4th quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock worth $57,000 after purchasing an additional 260 shares during the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Terex

In other news, Director Andra Rush purchased 1,325 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $36.96 per share, with a total value of $48,972.00. Following the completion of the acquisition, the director now owns 23,308 shares of the company's stock, valued at approximately $861,463.68. This represents a 6.03 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is owned by company insiders.

Terex Stock Performance

Shares of Terex stock traded down $0.40 on Friday, reaching $35.93. 533,310 shares of the stock were exchanged, compared to its average volume of 891,902. Terex Co. has a twelve month low of $31.53 and a twelve month high of $68.08. The business has a 50 day moving average price of $38.23 and a two-hundred day moving average price of $45.85. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 4.53 and a beta of 1.40.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the company posted $1.88 EPS. Analysts anticipate that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors 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 1.89%. The ex-dividend date was Friday, March 7th. Terex's dividend payout ratio (DPR) is 13.71%.

Analyst Ratings Changes

Several analysts have commented on TEX shares. JPMorgan Chase & Co. decreased their price target on shares of Terex from $48.00 to $38.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group lowered their target price on shares of Terex from $60.00 to $52.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Barclays cut their price target on shares of Terex from $60.00 to $52.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. UBS Group lowered Terex from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $49.00 to $32.00 in a report on Monday, April 7th. Finally, StockNews.com downgraded Terex from a "hold" rating to a "sell" rating in a research note on Friday, February 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $45.60.

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.