Terex Co. (NYSE:TEX) Shares Acquired by Fmr LLC

FMR LLC raised its holdings in shares of Terex Co. (NYSE:TEX - Free Report) by 17.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,782,287 shares of the industrial products company's stock after acquiring an additional 1,272,920 shares during the quarter. FMR LLC owned approximately 13.15% of Terex worth $405,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in TEX. Federated Hermes Inc. grew its holdings in Terex by 0.3% during the 4th quarter. Federated Hermes Inc. now owns 201,109 shares of the industrial products company's stock valued at $9,295,000 after buying an additional 678 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Terex by 0.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 36,671 shares of the industrial products company's stock worth $1,695,000 after buying an additional 237 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of Terex by 87.4% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 18,426 shares of the industrial products company's stock valued at $852,000 after buying an additional 8,592 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its position in Terex by 54.5% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 8,554 shares of the industrial products company's stock valued at $395,000 after purchasing an additional 3,018 shares during the period. Finally, Foundry Partners LLC lifted its position in Terex by 34.8% in the fourth quarter. Foundry Partners LLC now owns 98,909 shares of the industrial products company's stock worth $4,572,000 after buying an additional 25,556 shares during the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Terex

In other Terex news, Director Andra Rush bought 1,325 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $36.96 per share, with a total value of $48,972.00. Following the transaction, the director now 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on TEX. Barclays cut their price target on shares of Terex from $60.00 to $52.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group dropped their price objective on Terex from $60.00 to $52.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Citigroup cut their price target on Terex from $45.00 to $36.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. StockNews.com downgraded shares of Terex from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. Finally, Evercore ISI lowered their target price 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $47.33.

Terex Price Performance

TEX traded down $0.04 on Tuesday, reaching $35.27. 138,830 shares of the company's stock were exchanged, compared to its average volume of 901,669. Terex Co. has a twelve month low of $31.53 and a twelve month 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. The stock has a market cap of $2.34 billion, a PE ratio of 7.10, a P/E/G ratio of 4.53 and a beta of 1.40. The stock's fifty day moving average price is $40.19 and its 200-day moving average price is $46.96.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly 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 last year, the firm posted $1.88 EPS. Sell-side analysts expect that Terex Co. will post 4.83 EPS for the current year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Friday, March 7th. Terex's dividend payout ratio (DPR) 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.