Fuller & Thaler Asset Management Inc. Increases Stake in Terex Co. (NYSE:TEX)

Fuller & Thaler Asset Management Inc. grew its position in Terex Co. (NYSE:TEX - Free Report) by 94.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,150,673 shares of the industrial products company's stock after buying an additional 1,046,600 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 3.22% of Terex worth $99,404,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its holdings in Terex by 17.0% in the 4th quarter. FMR LLC now owns 8,782,287 shares of the industrial products company's stock worth $405,917,000 after acquiring an additional 1,272,920 shares during the last quarter. Norges Bank bought a new stake in shares of Terex in the 4th quarter worth $35,001,000. First Trust Advisors LP raised its stake in shares of Terex by 43.2% in the fourth quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company's stock worth $89,247,000 after purchasing an additional 582,819 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Terex by 8.4% during the fourth quarter. American Century Companies Inc. now owns 1,741,206 shares of the industrial products company's stock valued at $80,479,000 after purchasing an additional 135,286 shares in the last quarter. Finally, Regents Gate Capital LLP purchased a new stake in shares of Terex during the fourth quarter valued at $5,561,000. Institutional investors own 92.88% of the company's stock.

Insider Activity

In other Terex news, Director Andra Rush purchased 1,325 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost 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. This trade represents a 6.03 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.90% of the company's stock.

Terex Price Performance

Shares of Terex stock opened at $33.98 on Wednesday. The stock's fifty day moving average is $38.87 and its 200 day moving average is $46.26. Terex Co. has a one year low of $31.53 and a one year high of $68.08. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. The stock has a market cap of $2.25 billion, a P/E ratio of 6.85, a P/E/G ratio of 4.53 and a beta of 1.40.

Terex (NYSE:TEX - Get Free Report) last posted 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 return on equity of 21.99% and a net margin of 6.54%. During the same period in the prior year, the company earned $1.88 EPS. Sell-side analysts anticipate that Terex Co. will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The company also recently disclosed 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 2.00%. Terex's dividend payout ratio (DPR) is presently 13.71%.

Wall Street Analysts Forecast Growth

TEX has been the subject of a number of recent analyst reports. Barclays lowered 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 note on Monday, February 10th. UBS Group downgraded shares of 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. StockNews.com cut shares of Terex from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Truist Financial decreased their target price on shares of Terex from $58.00 to $47.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group dropped their price target on Terex from $60.00 to $52.00 and set a "neutral" rating on the stock 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $45.60.

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.

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