Easterly Investment Partners LLC Has $1.10 Million Stock Position in Terex Co. (NYSE:TEX)

Easterly Investment Partners LLC trimmed its stake in Terex Co. (NYSE:TEX - Free Report) by 27.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,686 shares of the industrial products company's stock after selling 8,804 shares during the quarter. Easterly Investment Partners LLC's holdings in Terex were worth $1,095,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew 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 valued at $32,000 after buying an additional 222 shares in the last quarter. Blue Trust Inc. lifted its stake in 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 last quarter. Barnett & Company Inc. grew its position in shares of Terex by 4.3% in the 4th quarter. Barnett & Company Inc. now owns 7,300 shares of the industrial products company's stock valued at $337,000 after acquiring an additional 300 shares during the period. New York State Teachers Retirement System raised its holdings in shares of Terex by 0.4% in the 4th quarter. New York State Teachers Retirement System now owns 83,035 shares of the industrial products company's stock valued at $3,838,000 after purchasing an additional 320 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in shares of Terex by 2.2% in the 4th quarter. New York State Common Retirement Fund now owns 22,130 shares of the industrial products company's stock valued at $1,023,000 after purchasing an additional 467 shares during the period. Institutional investors and hedge funds own 92.88% of the company's stock.

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Terex Price Performance

TEX traded down $0.05 during trading on Tuesday, hitting $37.74. 231,795 shares of the stock traded hands, compared to its average volume of 943,074. The business has a 50 day moving average price of $43.26 and a 200 day moving average price of $48.43. 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 Co. has a twelve month low of $36.15 and a twelve month high of $68.08. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 4.53 and a beta of 1.56.

Terex (NYSE:TEX - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 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 posted $1.88 earnings per share. Equities research analysts forecast that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th were paid a $0.17 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.80%. Terex's payout ratio is currently 13.71%.

Analyst Ratings Changes

A number of research firms have recently issued reports on TEX. The Goldman Sachs Group cut their price objective on Terex from $60.00 to $52.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. StockNews.com downgraded Terex from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Evercore ISI decreased their price objective on shares of Terex from $63.00 to $59.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Citigroup dropped their price objective on shares of Terex from $48.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Finally, Truist Financial reduced their target price on shares of Terex from $65.00 to $58.00 and set a "buy" rating for the company in a report on Thursday, December 19th. One 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's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $54.22.

Insider Activity at Terex

In other news, Director Andra Rush acquired 1,325 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $36.96 per share, with a total value of $48,972.00. Following the acquisition, 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by insiders.

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.