Terex Co. (NYSE:TEX) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp reduced its stake in shares of Terex Co. (NYSE:TEX - Free Report) by 18.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 189,322 shares of the industrial products company's stock after selling 44,198 shares during the period. Hancock Whitney Corp owned approximately 0.28% of Terex worth $8,750,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp purchased a new position in Terex in the 4th quarter worth $31,000. Smartleaf Asset Management LLC lifted its holdings in shares of Terex by 46.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock worth $32,000 after purchasing an additional 222 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Terex in the third quarter valued at approximately $40,000. VisionPoint Advisory Group LLC acquired a new position in Terex in the 4th quarter worth approximately $51,000. Finally, Blue Trust Inc. raised its position in Terex by 26.8% during the 4th quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock worth $57,000 after buying an additional 260 shares during the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

Terex Trading Down 1.1 %

Shares of TEX traded down $0.40 during mid-day trading on Friday, reaching $35.93. The stock had a trading volume of 533,310 shares, compared to its average volume of 891,902. The business's fifty day moving average is $38.23 and its 200 day moving average is $45.90. Terex Co. has a 52-week low of $31.53 and a 52-week 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 firm has a market cap of $2.38 billion, a price-to-earnings ratio of 7.24, a P/E/G ratio of 4.53 and a beta of 1.40.

Terex (NYSE:TEX - Get Free Report) last posted its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (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 quarter in the previous year, the business earned $1.88 earnings per share. On average, sell-side analysts predict that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

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. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Friday, March 7th. Terex's dividend payout ratio (DPR) is 13.71%.

Insider Transactions at Terex

In other Terex news, Director Andra Rush acquired 1,325 shares of the stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $36.96 per share, with a total value of $48,972.00. Following the completion of the purchase, the director now owns 23,308 shares in the company, valued at $861,463.68. This trade represents a 6.03 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.90% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. StockNews.com downgraded shares of Terex from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Morgan Stanley reduced their price objective on Terex from $43.00 to $30.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. JPMorgan Chase & Co. lowered their target price on Terex from $48.00 to $38.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. UBS Group lowered Terex from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $49.00 to $32.00 in a report on Monday, April 7th. Finally, The Goldman Sachs Group decreased their price target on Terex from $60.00 to $52.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $45.60.

About Terex

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.