Brandywine Global Investment Management LLC reduced its stake in shares of Terex Co. (NYSE:TEX - Free Report) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,784 shares of the industrial products company's stock after selling 7,722 shares during the quarter. Brandywine Global Investment Management LLC owned 0.32% of Terex worth $9,742,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in TEX. Fisher Asset Management LLC lifted 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 last quarter. American Century Companies Inc. increased its holdings in shares of Terex by 8.4% during the fourth quarter. American Century Companies Inc. now owns 1,741,206 shares of the industrial products company's stock worth $80,479,000 after buying an additional 135,286 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Terex by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,596,070 shares of the industrial products company's stock valued at $84,463,000 after acquiring an additional 8,624 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Terex by 4.4% during 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 acquiring an additional 41,758 shares during the last quarter. Finally, Norges Bank bought a new position in Terex in the 4th quarter valued at $35,001,000. Institutional investors and hedge funds own 92.88% of the company's stock.
Insider Transactions at Terex
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. 1.90% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
TEX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price target on Terex from $51.00 to $48.00 and set a "neutral" rating for the company in a report on Tuesday, March 18th. 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 note on Wednesday, March 19th. Truist Financial decreased their price target on shares of Terex from $65.00 to $58.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. StockNews.com cut shares of Terex from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. Finally, Barclays decreased their price objective on Terex from $60.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $54.22.
Get Our Latest Research Report on TEX
Terex Trading Down 4.9 %
Shares of NYSE:TEX traded down $1.76 during midday trading on Friday, hitting $34.07. The company had a trading volume of 1,936,957 shares, compared to its average volume of 884,305. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. Terex Co. has a 12 month low of $32.17 and a 12 month high of $68.08. The firm has a fifty day simple moving average of $42.32 and a 200 day simple moving average of $48.00. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 6.87, a PEG ratio of 4.53 and a beta of 1.40.
Terex (NYSE:TEX - Get Free Report) last issued its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (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 quarter in the previous year, the company earned $1.88 EPS. On average, analysts predict that Terex Co. will post 4.83 EPS for the current year.
Terex Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th were issued a $0.17 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.68 annualized dividend and a dividend yield of 2.00%. Terex's dividend payout ratio (DPR) is currently 13.71%.
Terex Company Profile
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Free Report)
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.
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