Capital Fund Management S.A. Increases Stake in Terex Co. (NYSE:TEX)

Capital Fund Management S.A. increased its holdings in Terex Co. (NYSE:TEX - Free Report) by 28.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,788 shares of the industrial products company's stock after purchasing an additional 14,209 shares during the quarter. Capital Fund Management S.A. owned 0.10% of Terex worth $2,948,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

TEX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on Terex from $48.00 to $38.00 and set a "neutral" rating for the company in a research note on Monday. UBS Group lowered Terex from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $49.00 to $32.00 in a research report on Monday, April 7th. Barclays reduced their target price on shares of Terex from $60.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Monday, February 10th. Evercore ISI lowered their price target on shares of Terex from $63.00 to $59.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Finally, The Goldman Sachs Group decreased 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $45.60.

Terex Price Performance

Shares of NYSE TEX traded up $0.41 during mid-day trading on Friday, reaching $34.50. The company's stock had a trading volume of 666,208 shares, compared to its average volume of 904,134. The stock has a fifty day moving average of $39.53 and a two-hundred day moving average of $46.66. The firm has a market capitalization of $2.29 billion, a PE ratio of 6.96, a P/E/G ratio of 4.53 and a beta of 1.40. 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 current ratio of 2.16 and a quick ratio of 1.09.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating 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 last year, the company posted $1.88 earnings per share. As a group, sell-side analysts anticipate that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.97%. The ex-dividend date was Friday, March 7th. Terex's payout ratio is currently 13.71%.

Insider Buying and Selling at Terex

In other Terex news, Director Andra Rush purchased 1,325 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $36.96 per share, with a total value of $48,972.00. Following the acquisition, the director now owns 23,308 shares in the company, valued at approximately $861,463.68. The trade was a 6.03 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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.