Grantham Mayo Van Otterloo & Co. LLC Has $852,000 Stock Holdings in Terex Co. (NYSE:TEX)

Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of Terex Co. (NYSE:TEX - Free Report) by 87.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,426 shares of the industrial products company's stock after purchasing an additional 8,592 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in Terex were worth $852,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Fisher Asset Management LLC raised its position in shares of Terex by 2.3% in the fourth quarter. Fisher Asset Management LLC now owns 1,890,625 shares of the industrial products company's stock valued at $87,385,000 after purchasing an additional 41,685 shares during the period. American Century Companies Inc. lifted its position in Terex by 8.4% during the 4th quarter. American Century Companies Inc. now owns 1,741,206 shares of the industrial products company's stock worth $80,479,000 after acquiring an additional 135,286 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Terex by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,596,070 shares of the industrial products company's stock valued at $84,463,000 after acquiring an additional 8,624 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Terex by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 982,636 shares of the industrial products company's stock valued at $45,417,000 after purchasing an additional 41,758 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Terex during the 4th quarter worth about $35,001,000. 92.88% of the stock is currently owned by institutional investors.

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Terex Price Performance

NYSE:TEX traded up $0.51 during mid-day trading on Monday, reaching $35.47. 108,464 shares of the company were exchanged, compared to its average volume of 1,032,650. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. The stock has a market cap of $2.35 billion, a PE ratio of 7.15, a PEG ratio of 4.53 and a beta of 1.40. Terex Co. has a 12 month low of $31.53 and a 12 month high of $68.08. The company has a fifty day moving average of $40.44 and a 200 day moving average of $47.08.

Terex (NYSE:TEX - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates 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 company earned $1.88 earnings per share. On average, research analysts anticipate that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.92%. Terex's payout ratio is 13.71%.

Insiders Place Their Bets

In other Terex news, Director Andra Rush bought 1,325 shares of the stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $36.96 per share, with a total value of $48,972.00. Following the acquisition, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.90% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. UBS Group downgraded shares of Terex from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $49.00 to $32.00 in a report on Monday, April 7th. JPMorgan Chase & Co. reduced their price objective on shares of Terex from $51.00 to $48.00 and set a "neutral" rating for the company in a report on Tuesday, March 18th. Citigroup lowered their price objective on Terex from $45.00 to $36.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. 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 report on Monday, February 10th. Finally, Truist Financial cut their price objective on Terex from $58.00 to $47.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Terex has a consensus rating of "Hold" and an average price target of $48.44.

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.