Barclays PLC Purchases 37,072 Shares of Terex Co. (NYSE:TEX)

Barclays PLC grew its stake in shares of Terex Co. (NYSE:TEX - Free Report) by 40.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,250 shares of the industrial products company's stock after buying an additional 37,072 shares during the period. Barclays PLC owned 0.19% of Terex worth $6,838,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Greenwich Wealth Management LLC boosted its position in shares of Terex by 0.3% in the third quarter. Greenwich Wealth Management LLC now owns 62,371 shares of the industrial products company's stock worth $3,300,000 after purchasing an additional 181 shares during the period. Dorsey Wright & Associates increased its stake in Terex by 0.3% in the 2nd quarter. Dorsey Wright & Associates now owns 61,309 shares of the industrial products company's stock worth $3,362,000 after buying an additional 186 shares in the last quarter. Blue Trust Inc. raised its holdings in Terex by 57.5% during the second quarter. Blue Trust Inc. now owns 512 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 187 shares during the period. US Bancorp DE lifted its position in shares of Terex by 4.0% in the third quarter. US Bancorp DE now owns 5,837 shares of the industrial products company's stock valued at $309,000 after acquiring an additional 227 shares in the last quarter. Finally, Lingohr Asset Management GmbH boosted its stake in shares of Terex by 2.0% in the third quarter. Lingohr Asset Management GmbH now owns 11,516 shares of the industrial products company's stock worth $607,000 after acquiring an additional 230 shares during the period. 92.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TEX has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered their price target on Terex from $72.00 to $62.00 and set a "neutral" rating on the stock in a report on Friday, September 20th. Truist Financial lowered their target price on shares of Terex from $65.00 to $58.00 and set a "buy" rating on the stock in a report on Thursday. JPMorgan Chase & Co. cut their target price on shares of Terex from $65.00 to $62.00 and set a "neutral" rating for the company in a research note on Monday, October 14th. Citigroup decreased their price target on shares of Terex from $60.00 to $57.00 and set a "neutral" rating on the stock in a research note on Monday, September 23rd. Finally, Robert W. Baird cut their price objective on Terex from $65.00 to $55.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $58.78.

Insider Transactions at Terex

In other Terex news, Director David A. Sachs acquired 20,000 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of $49.75 per share, for a total transaction of $995,000.00. Following the acquisition, the director now directly owns 137,500 shares in the company, valued at $6,840,625. The trade was a 17.02 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Simon Meester sold 9,877 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total value of $505,109.78. Following the completion of the transaction, the chief executive officer now directly owns 127,858 shares in the company, valued at $6,538,658.12. This trade represents a 7.17 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.90% of the company's stock.

Terex Trading Down 1.3 %

Shares of NYSE:TEX traded down $0.58 during trading on Thursday, reaching $45.20. The company's stock had a trading volume of 840,546 shares, compared to its average volume of 807,568. The firm's 50 day simple moving average is $53.26 and its two-hundred day simple moving average is $54.34. The company has a current ratio of 2.39, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. Terex Co. has a 12 month low of $44.92 and a 12 month high of $68.08. The stock has a market capitalization of $3.02 billion, a PE ratio of 6.60, a price-to-earnings-growth ratio of 4.00 and a beta of 1.53.

Terex (NYSE:TEX - Get Free Report) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.15. Terex had a return on equity of 24.92% and a net margin of 9.08%. The firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the previous year, the business earned $1.75 EPS. The company's quarterly revenue was down 6.0% on a year-over-year basis. On average, research analysts predict that Terex Co. will post 6.07 EPS for the current fiscal year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, November 8th. Terex's dividend payout ratio is currently 9.93%.

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.