Charles Schwab Investment Management Inc. Increases Stake in Terex Co. (NYSE:TEX)

Charles Schwab Investment Management Inc. grew its stake in Terex Co. (NYSE:TEX - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 982,636 shares of the industrial products company's stock after buying an additional 41,758 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.47% of Terex worth $45,417,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cascade Investment Advisors Inc. purchased a new stake in shares of Terex in the 4th quarter valued at $1,070,000. GSA Capital Partners LLP purchased a new stake in shares of Terex in the 3rd quarter valued at $615,000. Barclays PLC boosted its stake in shares of Terex by 40.2% in the 3rd quarter. Barclays PLC now owns 129,250 shares of the industrial products company's stock valued at $6,838,000 after purchasing an additional 37,072 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Terex in the 3rd quarter valued at $4,283,000. Finally, Citigroup Inc. boosted its stake in shares of Terex by 65.6% in the 3rd quarter. Citigroup Inc. now owns 70,443 shares of the industrial products company's stock valued at $3,727,000 after purchasing an additional 27,896 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company's stock.

Terex Trading Up 0.1 %

NYSE TEX traded up $0.06 during trading on Tuesday, hitting $39.67. The company had a trading volume of 758,745 shares, compared to its average volume of 825,833. 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 one year low of $36.15 and a one year high of $68.08. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 4.53 and a beta of 1.56. The company's fifty day moving average is $44.53 and its 200-day moving average is $49.30.

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Terex (NYSE:TEX - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, topping 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 last year, the firm posted $1.88 earnings per share. On average, sell-side analysts predict that Terex Co. will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, March 7th will be paid a $0.17 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.71%. Terex's payout ratio is 13.71%.

Analysts Set New Price Targets

TEX has been the subject of a number of research reports. Evercore ISI cut their price objective on shares of Terex from $63.00 to $59.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Citigroup cut their price objective on shares of Terex from $48.00 to $45.00 and set a "neutral" rating for the company in a research note on Monday. Barclays cut their price objective on shares of Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. JPMorgan Chase & Co. dropped their price target on shares of Terex from $51.00 to $48.00 and set a "neutral" rating for the company in a research report on Tuesday. Finally, Truist Financial dropped their price target on shares of Terex from $65.00 to $58.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, Terex currently has a consensus rating of "Hold" and a consensus target price of $55.33.

Insider Buying and Selling

In other Terex news, Director Andra Rush purchased 1,325 shares of the firm's 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 purchase, the director now directly owns 23,308 shares in the company, valued at $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 owned by company insiders.

Terex Company 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.