Empowered Funds LLC Acquires 23,429 Shares of Terex Co. (NYSE:TEX)

Empowered Funds LLC grew its position in shares of Terex Co. (NYSE:TEX - Free Report) by 13.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 199,594 shares of the industrial products company's stock after buying an additional 23,429 shares during the period. Empowered Funds LLC owned approximately 0.30% of Terex worth $9,225,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Point72 Asset Management L.P. acquired a new stake in Terex in the 3rd quarter worth about $4,283,000. Foundry Partners LLC bought a new stake in shares of Terex in the third quarter valued at approximately $3,881,000. Bridgewater Associates LP grew its position in Terex by 176.1% during the third quarter. Bridgewater Associates LP now owns 79,009 shares of the industrial products company's stock worth $4,180,000 after buying an additional 50,389 shares in the last quarter. Curated Wealth Partners LLC increased its stake in Terex by 28.3% during the 4th quarter. Curated Wealth Partners LLC now owns 226,922 shares of the industrial products company's stock worth $10,488,000 after acquiring an additional 50,000 shares during the period. Finally, Holocene Advisors LP increased its stake in Terex by 451.6% during the 3rd quarter. Holocene Advisors LP now owns 59,731 shares of the industrial products company's stock worth $3,160,000 after acquiring an additional 48,902 shares during the period. Institutional investors own 92.88% of the company's stock.

Analyst Upgrades and Downgrades

TEX has been the subject of a number of recent analyst reports. Citigroup cut their target price on Terex from $57.00 to $48.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. StockNews.com lowered shares of Terex from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Robert W. Baird cut their price target on shares of Terex from $65.00 to $55.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. decreased their price objective on shares of Terex from $59.00 to $52.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. Finally, Barclays cut their target price on Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a research note on Monday. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Terex has a consensus rating of "Hold" and an average price target of $56.11.

Insider Activity

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

Terex Price Performance

Shares of TEX traded up $0.05 during trading hours on Thursday, reaching $44.93. The stock had a trading volume of 871,128 shares, compared to its average volume of 815,822. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.16 and a current ratio of 2.16. Terex Co. has a 12 month low of $43.23 and a 12 month high of $68.08. The stock has a market capitalization of $3.00 billion, a PE ratio of 9.06, a PEG ratio of 4.53 and a beta of 1.54. The company's 50-day moving average is $46.91 and its two-hundred day moving average is $51.55.

Terex (NYSE:TEX - Get Free Report) last posted its earnings results on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the firm earned $1.88 earnings per share. Research analysts expect that Terex Co. will post 5.03 EPS for the current year.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Friday, March 7th. Terex's payout ratio is 13.71%.

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.